Certificate in Accounting and Financial Control

Program Overview

Financial control protects assets, ensures reliable reporting and keeps spending within approved limits. This programme combines core accounting knowledge with the design and operation of financial controls. Participants apply the COSO Internal Control Integrated Framework to financial processes, build delegation of authority matrices, design preventive and detective controls in procure-to-pay, revenue, payroll and treasury cycles, and implement budget control and commitment accounting. The programme also covers financial policies and procedures, balance sheet reviews, key control testing and preparing for external audit, reflecting the expectations of boards, audit committees and regulators in Gulf organisations.

Learning Outcomes

• ✓Map the COSO components to financial processes and identify gaps in the current control environment.
• ✓Design a delegation of authority matrix covering expenditure, contracts and payments.
• ✓Document key controls in procure-to-pay, revenue and payroll cycles using a risk and control matrix.
• ✓Implement budget control and commitment checks that prevent overspending.
• ✓Perform a balance sheet review with supporting reconciliations and sign-offs.
• ✓Test the design and operating effectiveness of selected key financial controls.

Target Audience

• Financial controllers and chief accountants
• Finance managers responsible for policies and controls
• Internal auditors reviewing financial processes
• Senior accountants moving into control roles

Detailed Program Modules

Training Methodology

Applied Project & Assessment