Programme Objective
With the numerous regulatory and reporting demands, accounting professionals are often buried in fulfilling these requirements. Internal controls are often left to the business process owners. However, errors or weaknesses in key controls owned by the business partners often have financial impact to the business.
This course aims to provide participants with greater appreciation of the key internal controls of the processes, that their business partners are managing, which have financial implications. Proactively engaging the business control owners, and greater insights into the key controls will help to mitigate the risk under a dynamic and changing risk landscape.
Programme Outline
- Understand the linkage of the operational processes in various departments to Finance. Departments that will be covered include:
- Procurement (Purchases of direct materials, capital assets, services; and tender process),
- Logistics (Receiving, Inventory Management and Shipping),
- Human Resource (Recruitment, Compensation and Benefits)
- Build and leverage strong business partnership
- Identify key business controls in a complex and matrix organization
- Evaluate and assess the effectiveness of the key internal controls within select processes
- Identify actions to strengthen the key controls to improve the processes
- Establish clear ownership and accountability of key controls
- Establish a reporting process to monitor its effectiveness
Training Methodology
Lecture style, with exercises / group discussions
Closing Date for Registration
1 week before programme or until full enrolment
Intended For
An Intermediate level programme intended for Accounting Professionals (managers and senior accountants) who work closely with Operations, such as managers or departmental heads of Procurement, Human Resource, Logistics, in their organization.
Competency Mapping
Others = 3.50 Hours
Schedule & Fees
Date & Time
24 Jul 2018 (2:00 PM - 5:30 PM)
Registration is closed
Programme Facilitator(s)
Fong Cheng Han
Date & Time
17 Aug 2017 (2:00 PM - 5:30 PM)
Registration is closed
Programme Facilitator(s)
Fong Cheng Han
Date & Time
11 Aug 2016 (2:00 PM - 5:30 PM)
Registration is closed
Programme Facilitator(s)
Fong Cheng Han
Testimonial
Funding
No funding Available!
Programme Facilitator(s)
Fong Cheng Han
Madam Fong Cheng Han has extensive experience in Finance, Auditing – both external and internal audit. She has worked in Ernst and Young and held various accounting positions, including Finance Controller positions of US multi-national companies. Her last position was the Executive Director of Internal Audit Services at Seagate Singapore International Headquarters. She holds a Bachelor of Accountancy Degree from the National University of Singapore. She is a retired Fellow Chartered Accountant of the Institute of Singapore Chartered Accountants, a retired Certified Fraud Examiner with the Association for Certified Fraud Examine; and holds a Certification in Risk Management Assurance with the Institute of Internal Auditors Singapore. She is also a certified Six Sigma black belt.
Programme Objective
With the numerous regulatory and reporting demands, accounting professionals are often buried in fulfilling these requirements. Internal controls are often left to the business process owners. However, errors or weaknesses in key controls owned by the business partners often have financial impact to the business.
This course aims to provide participants with greater appreciation of the key internal controls of the processes, that their business partners are managing, which have financial implications. Proactively engaging the business control owners, and greater insights into the key controls will help to mitigate the risk under a dynamic and changing risk landscape.
Programme Outline
- Understand the linkage of the operational processes in various departments to Finance. Departments that will be covered include:
- Procurement (Purchases of direct materials, capital assets, services; and tender process),
- Logistics (Receiving, Inventory Management and Shipping),
- Human Resource (Recruitment, Compensation and Benefits)
- Build and leverage strong business partnership
- Identify key business controls in a complex and matrix organization
- Evaluate and assess the effectiveness of the key internal controls within select processes
- Identify actions to strengthen the key controls to improve the processes
- Establish clear ownership and accountability of key controls
- Establish a reporting process to monitor its effectiveness
Training Methodology
Lecture style, with exercises / group discussions
Closing Date for Registration
1 week before programme or until full enrolment
Intended For
An Intermediate level programme intended for Accounting Professionals (managers and senior accountants) who work closely with Operations, such as managers or departmental heads of Procurement, Human Resource, Logistics, in their organization.
Competency Mapping
Others = 3.50 Hours
Programme Facilitator(s)
Fong Cheng Han
Madam Fong Cheng Han has extensive experience in Finance, Auditing – both external and internal audit. She has worked in Ernst and Young and held various accounting positions, including Finance Controller positions of US multi-national companies. Her last position was the Executive Director of Internal Audit Services at Seagate Singapore International Headquarters. She holds a Bachelor of Accountancy Degree from the National University of Singapore. She is a retired Fellow Chartered Accountant of the Institute of Singapore Chartered Accountants, a retired Certified Fraud Examiner with the Association for Certified Fraud Examine; and holds a Certification in Risk Management Assurance with the Institute of Internal Auditors Singapore. She is also a certified Six Sigma black belt.
