Internal Accounting Systems And Controls Course - in Manama

Internal Accounting Systems and Controls Course Outline

Guided learning hours (GLH): 60

Module 1: Understand the Role and Responsibilities of the Accounting Function within an Organisation

• Accounting Function
  • Importance of Ethics and Sustainability within the Accounting Function
  • Importance of Accuracy and Cost-Effectiveness within the Accounting System
  • Why Different Types and Sizes of Organisation or Departments
  • Different Accounting Team Staffing Structures
• Financial Information Used by Stakeholders
  • Different Stakeholders of an Organisation
  • Purpose of Financial Information Produced for Internal Use and External Use
  • How Financial Information is Used by Stakeholders
  • Financial Information must Comply with Legislation and Regulation
  • Importance of Ethical Information and Sustainability Practices to Stakeholders
  • Stakeholders use the Following Types of Financial Reports
• Changes to Management Information
  • How Organisational Requirements will Inform the Management Information System
  • How Management Information Systems should Enable the Calculation of Performance Indicators
  • Why Changes may be Required to Existing Systems to Meet Revised Organisation Requirements

Module 2: Evaluate Internal Control Systems

• Internal Controls
  • Purpose of Internal Controls
  • Types of Internal Controls Used in Different Parts of the Accounting Function
  • How Different Types of Internal Controls Suit Different Types of Organisations
  • How a Strong System of Internal Controls can Minimise the Risk of Loss
  • How a Strong System of Internal Controls can Ensure Ethical Standards
• Prevent and Detect Fraud and Systemic Weaknesses
  • Common Types of Fraud within a Business
  • Systemic Weaknesses and their Causes
  • Implications for an Organisation if Fraud Occurs
  • Role of Internal Controls in Preventing and Detecting Fraud and Errors
  • Identify the Circumstances when Fraud may Occur
  • Evaluate the Impact of Fraud on an Organisation
  • Assess How Internal Controls can be Used in Preventing and Detecting Fraud
  • Make Suggestions for Internal Controls to Detect and Prevent Fraud
  • Assess the Cause of Systemic Weaknesses in Internal Control Systems

Module 3: Evaluate an Organisation’s Accounting System and Underpinning Procedures

• Organisation’s Accounting System and its Effectiveness
  • Control Objectives Risks and Control Procedures for Accounting Systems
  • How an Organisation’s Accounting System can Support Ethical Standards and Sustainable Practice
  • Identify Deficiencies in Accounting Systems that have an Impact on Cost-Effectiveness Reliability and Timeliness
  • Analyse the Cause of Deficiencies in Accounting Systems
  • Evaluate Impact of Deficiencies in an Accounting System including Time Money and Reputation
• Risk of Fraud
  • Risk Assessment Process
  • Assess the Impact of Poor Internal Controls on an Organisation’s Exposure to Risk
  • Assess Risk Using Measures such as Risk Matrix Low Medium High or Numerical Grade
  • Recommend a Response to Risk Ensuring Compliance with Regulatory and Legal Requirements
  • Propose Monitoring Review and Report Actions in Response to an Identified Risk
• Operating Practice
  • Why Accounting Systems should be Reviewed Regularly to Ensure that they are Fit for Purpose
  • Accounting Systems should be Cost-Effective Ethical Sustainable and Informative

Module 4: Understand the Impact of Technology on Accounting Systems

• Reporting Information Using Technology
  • How Accounting Software Presents Data to Non-Financial Managers
  • How Visualisation Improves Financial Understanding of Managers and Clients
• Using Technology within the Accounting System
  • How Technological Changes may Affect the Accounting System
  • Different Types of Data Analytics
  • Requirement for Data Security
  • Risks to Data from Cyberattacks Unauthorised Access Loss or Errors

Module 5: Recommend Improvements to an Organisation’s Accounting System

• Changes to the Accounting System
  • Principles of a SWOT Analysis
  • How to Apply a SWOT Analysis to an Accounting System
  • Principles of a PESTLE Analysis
  • How to Apply a PESTLE Analysis to an Accounting System
  • Undertake a SWOT Analysis
  • Undertake a PESTLE Analysis
  • Recommend Changes to the Accounting System
  • Provide a Clear Rationale to Support Recommendations
• Cost and Benefit of Changes to the Accounting System
  • Cost-Benefit Analysis
  • Quantify the Cost of Recommendations Stating Assumptions Made
  • Review Recommendations Against Ethical and Sustainability Principles
  • Undertake a Cost-Benefit Analysis
  • Recommend Changes to the Accounting System
  • Provide a Clear Rationale to Support Recommendations
• Effects of Changes on Users of the System
  • Changes that Users may be Required to Make to Working Practices to Comply with Statutory and Organisational Requirements
  • Appropriate Controls during the Transition from One System to Another
  • Problems that might Occur during Transition
  • Methods of Support for Users during System Changes
  • Evaluate the Implications of the Changes to Operating Procedures and Time Spent

Who Should Attend This Internal Accounting Systems and Controls Course?

This course is designed for individuals seeking a recognised qualification in Internal Accounting Systems and Controls as part of the AAT Level 4 Diploma in Professional Accounting. It is particularly useful for those in roles such as: 

• Internal Auditors and Trainee Accountants
• Finance Managers and Controllers
• Business Advisors
• Business Analysts
• Compliance Officers

Prerequisites of the Internal Accounting Systems and Controls Course

This course requires completion of the AAT Level 3 Diploma in Accounting or an equivalent qualification. Learners should have good English and Maths skills for interpreting standards.

Internal Accounting Systems and Controls Course Overview

The Internal Accounting Systems and Controls Course provides learners with key knowledge of financial systems, risk management, and control frameworks essential for maintaining accuracy and compliance in business operations. In today’s complex regulatory landscape, robust internal controls are critical to safeguarding assets and ensuring reliable financial reporting.

This 60-hour training by The Knowledge Academy covers topics such as risk assessment, internal audit processes, fraud prevention, IT systems, and regulatory compliance. Delegates will gain practical tools to strengthen organisational accountability and improve financial decision-making.

Completing the Internal Accounting Systems and Controls Course equips learners to evaluate and improve accounting processes, implement effective controls, and manage risks. It supports career growth in finance, auditing, and advancement toward higher-level accounting qualifications.

Internal Accounting Systems and Controls Course Objectives

By the end of this training, delegates will be able:

• To understand the role and importance of internal accounting systems and controls
• To explore methods for identifying and mitigating financial risks
• To design and evaluate effective internal control frameworks
• To assess the role of internal audits in strengthening governance
• To apply compliance standards and regulatory requirements in practice
• To develop strategies for preventing fraud and ensuring financial accuracy

After completing this Internal Accounting Systems and Controls Course, delegates will receive a certificate validating their expertise, enhancing their employability in accounting, auditing, and financial management roles.

What’s Included in This Internal Accounting Systems and Controls Course?

• World-Class Training Sessions from Experienced Instructors
• Course Completion Certificate
• Digital Delegate Pack