Whats Covered
 
This comprehensive online course equips you with the skills and knowledge to excel as an Accounting Controller. Through interactive lessons, practical exercises, and real-world scenarios, you'll gain the expertise to manage financial operations, lead accounting teams, and contribute strategically to organizational success.
Module 1: Introduction to Accounting Control
The role and responsibilities of an Accounting Controller
Understanding the accounting cycle
Internal controls and risk management
Module 2: Financial Statements & Analysis
Master the three core financial statements: Income Statement, Balance Sheet, and Cash Flow Statement
Interpreting financial data for decision-making
Ratio analysis to assess financial health
Module 3: GAAP & Regulatory Compliance
Understanding Generally Accepted Accounting Principles (GAAP)
Regulatory compliance for accounting practices
Internal controls for SOX (Sarbanes-Oxley) adherence
Module 4: Budgeting & Forecasting
Creating accurate and realistic financial budgets
Techniques for financial forecasting
Variance analysis to monitor performance
Module 5: Cost Accounting & Management
Understanding different costing methods (absorption, variable)
Cost-volume-profit (CVP) analysis
Activity-based costing (ABC) for effective decision-making
Module 6: Accounts Payable & Receivable Management
Implementing efficient payment processing for vendors
Effective strategies for collecting customer receivables
Managing cash flow for optimal operations
Module 7: Payroll Accounting & Tax Implications
Understanding payroll calculations and deductions
Payroll tax compliance and reporting
Managing employee benefits
Module 8: Fixed Assets & Depreciation
Accounting for property, plant, and equipment (PPE)
Depreciation methods and recordkeeping
Asset retirement and disposal
Module 9: Inventory Management & Valuation
Understanding different inventory costing methods (FIFO, LIFO)
Inventory control procedures to minimize waste
Inventory valuation for financial reporting
Module 10: Financial Reporting & Disclosure
Preparing comprehensive financial statements
Disclosure requirements for regulatory compliance
Effective communication with stakeholders
Module 11: Accounting Systems & Technology
Utilizing accounting software for efficient recordkeeping
Internal controls for automated systems
Data security best practices
Module 12: Accounting for Business Transactions
Analyzing and recording various business transactions (sales, purchases, investments)
Journal entries & ledgers for accurate financial recordkeeping
Closing accounting procedures at year-end
Module 13: Internal Audit & Controls
Performing internal audits to assess financial controls
Identifying and mitigating accounting risks
Ensuring financial data integrity
Module 14: Management Accounting & Decision Making
Cost-benefit analysis for strategic planning
Using financial data to support business decisions
Performance measurement and evaluation
Module 15: Leadership & Communication Skills for Controllers
Effective communication with finance teams and executives
Leading and motivating accounting personnel
Strategic thinking and business acumen