Global Learning for Operational Leaders
Classroom
14 sessions
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Online / Live
14 sessions
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Introduction
Course overview
Finance teams process payments, revenue, payroll and reporting, so strong internal controls are essential to prevent errors and fraud and to produce reliable financial information.
This Aractech course covers control principles, finance process risks, segregation of duties, authorisation and approvals, reconciliations, IT and system controls, documentation, monitoring and responding to control weaknesses. Participants map controls for key finance processes.
What you will achieve
Learning objectives
- Apply internal control principles in finance
- Identify risks in finance processes
- Design segregation of duties and approvals
- Perform effective reconciliations
- Use system and IT controls
- Document, monitor and improve controls
Who should attend
Target audience
- Finance managers and controllers
- Accountants
- Accounts payable and receivable teams
- Payroll staff
- Internal auditors
- Shared services staff
Methodology
Learning approach
- Process mapping
- Control design exercises
- Case studies
- Group discussions
- Reviews
Complete course outline
Five focused days of learning and application
The timings provided are estimates and may vary depending on the number of participants and the discussions taking place during the sessions. They are indicative only and do not constitute a binding commitment.
Day 1
Control Principles
- Purpose of controls
- Control frameworks
- Preventive and detective controls
- Coffee break
- Preventive and detective controls (continued)
- Control environment
- Exercise: Control self-assessment
Day 2
Finance Process Risks
- Payables
- Receivables
- Payroll
- Coffee break
- Payroll (continued)
- Treasury
- Workshop: Risk mapping
Day 3
Key Controls
- Segregation of duties
- Approvals
- Reconciliations
- Coffee break
- Reconciliations (continued)
- Master data
- Exercise: Reconciliation review
Day 4
System Controls
- Access controls
- Automated controls
- Change management
- Coffee break
- Change management (continued)
- Data integrity
- Case study: Payment fraud
Day 5
Monitoring
- Documentation
- Testing
- Deficiencies
- Coffee break
- Deficiencies (continued)
- Continuous improvement
- Capstone: Finance control framework
FAQ
Frequently asked questions
What does Internal Controls for Finance Teams (AF-047) cover?
This course covers Accounting and Finance through a structured five-day outline focused on practical application, discussion, and implementation planning.
When is the next available session?
The next scheduled session starts on 16 - 20 November 2026. See the course schedules section for the available dates and delivery formats.
Who should attend this course?
Finance managers and controllers, Accountants, Accounts payable and receivable teams
Is bilingual course delivery available?
Yes. All course materials and presentations are provided in English, while bilingual explanation and discussion support may be available depending on the selected location and trainer availability. For example, when attending a course in Istanbul, you may request a Turkish-speaking trainer to explain the English course content in Turkish. Arabic explanation support may also be requested at this location. Other languages are available in selected cities. You can choose your preferred language support as an optional preference during registration.
How can I register for a session?
Use any Register button next to the available course dates to open the participant registration page and submit your booking request for the selected session.
Is this course available online as well as classroom-based?
Check the course schedules section for currently published classroom and Online / Live sessions.
Where are classroom sessions delivered?
Current classroom venues include Kuala lumpur, Barcelona, Cape Town, Frankfurt, London, Rome, Paris.
How long is the training programme?
The programme runs for five days from 09:00 to 14:00, which gives 25 contact hours, including a daily 30-minute break (22.5 hours of instruction).
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