Accounting Operations / Payable and Receivable Management

An Intensive 3-day Training Course

Accounting Operations / Payable and Receivable Management

  • Format: Classroom
  • Duration: 3 days
  • Language: English
  • Accredited: CPE, KHDA Certified training courses
Accounting Operations / Payable and Receivable Management


Date Venue Fee CPE Credit
Date: 19-21 Aug 2024
Venue: Live/Online
Fee: US $2,950
CPE Credit: 18
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Accounting professionals in any organization enable management to effectively undertake their roles by providing them financial information reliably and on timely basis. Financial information can provide a clear picture of events that have occurred, and a sound basis for forecasting future events. It can also show whether activities are cost-effective, whether targets have been met and can be used to measure comparative performance and profitability.

It is vitally important that accounting professionals are able to prepare, interpret, and utilize financial information and reports, apply financial techniques to financial data and assist in logical and worthwhile decision-making.

Participants attending the Accounting Operations / Payable and Receivable Management training course will develop the following competencies:

  • Understand the role of the accounting and finance function, in transaction recording and reporting, management control and decision-making, raising finance, internal control and risk management
  • Able to prepare and present the three main financial statements utilizing the basic principles of financial accounting and reporting
  • Review and analyse published financial reports and how they are perceived by various stakeholder groups
  • Develop skills towards internal accounting procedures and techniques used in organizations to control operations and inform profitable decision-making
  • Understand the best practices for Receivable and Payable Management

This Accounting Operations/Payable and Receivable Management training course aims to enable participants to achieve the following objectives:

  • Develop key understanding towards basic accounting concepts, accounting equation and bookkeeping principles
  • Explain how to prepare the three key financial statements ‘Income Statement, Statement of Financial Position and Cash Flow Statement’
  • Evaluate the performance and position of an organization by analyzing their Annual Financial Report
  • Apply the internal accounting procedures & techniques of cost management and budgeting
  • Apply a range of investment appraisal techniques and determine the associated risks
  • Apply best practices to manage Accounts Payable and Accounts Receivable in an efficient manner
Training methodology

The Accounting Operations/Payable and Receivable Management training course will combine presentations with interactive practical exercises, supported by video materials, activities and case studies. Delegates will be encouraged to participate actively in relating the principles of accounting and financial management to the particular needs of their workplace.


This Accounting Operations / Payable and Receivable Management training course covers essential skills such as applying basic accounting principles towards business transactions, to prepare and interpret financial statements, develop key skills to manage costs and prepare budgets effectively. This course will also focus on evaluating investment decisions and related risks. Finally, the course will focus on latest best practices to manage receivable and payables in an efficient manner.

Day 1 : Fundamental Principles of Accounting and Finance
  • Why is accounting and finance necessary?
  • The role and structure of the Finance Function
  • Basic principles of financial accounting
  • Exercise: Recording business transactions
  • Exercise: Applying financial judgement in accounting reporting
  • Exercise: Preparing financial statements
Day 2 : Understanding the Financial Statements
  • The format and structure of the Income Statement and the Balance Sheet
  • Why cash flow is important?
  • Exercise: Preparing a Cash Flow Statement
  • Published financial reports – format and content
  • Techniques for interpreting financial reports
  • Exercise and presentation: Using ratios to assess a company’s performance
Day 3 : Cost Management, Budgeting and Decision-Making
  • Analysing and using financial information
  • Exercise: Preparing product cost summary
  • Cost-Volume-Profit and Break-Even Analysis
  • Exercise: Using CVP analysis for decision-making
  • Preparing budgets – how and why?
  • Exercise: Preparing budgets for a manufacturing business
  • Estimating our cost of capital
  • Why investment is essential for profitability and growth
  • Exercise: Appraising new investment proposals

    Do you have any questions about this course?



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    EuroMaTech is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.

    Euromatech is a Knowledge & Human Development Authority (KHDA) approved training institute in Dubai, licensed and approved to deliver training courses in the UAE.

    The KHDA is the regulatory authority in the UAE, that oversees administering, approving, supervising, and controlling the activities of various education providers in the UAE.  We are proud of our commitment to ensuring quality training courses and status as a KHDA-approved training provider.

    Taught by our team of highly qualified trainers, our KHDA approved training courses will provide you with an enriching learning experience and practical knowledge that will help you future-proof your career and support professional development within your organisation.

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