ERP FINANCE & ACCOUNTING CONTROLS TRAINING COURSE

Course Introduction

ERP Finance & Accounting Controls Training Course is a comprehensive and practical professional programme designed to equip accountants, finance managers, financial controllers, auditors, ERP specialists, internal control professionals, IT managers, risk managers, compliance officers, and senior executives with advanced knowledge and practical skills in ERP financial management, accounting controls, computerized accounting, enterprise resource planning, financial process automation, internal controls, financial data governance, audit trails, cybersecurity, and regulatory compliance. The programme focuses on designing, implementing, monitoring, and optimizing finance and accounting controls within integrated ERP environments to improve transaction accuracy, financial reporting reliability, fraud prevention, process efficiency, and management decision-making.
The programme provides extensive coverage of ERP finance modules, general ledger, accounts payable, accounts receivable, cash management, fixed assets, inventory, procurement, budgeting, cost accounting, financial consolidation, financial reporting, and treasury processes. Participants will learn how ERP systems automate accounting transactions while applying preventive, detective, and corrective controls across procure-to-pay, order-to-cash, record-to-report, and financial close processes. Particular emphasis is placed on segregation of duties, authorization controls, workflow approvals, master data governance, user access management, automated reconciliations, exception reporting, audit trails, and financial data integrity.
Participants will develop practical capabilities in assessing ERP control environments, identifying control gaps, configuring finance controls, designing approval workflows, monitoring transactions, testing automated controls, and improving financial process governance. The training also addresses ERP cybersecurity, privileged access, role conflicts, data migration controls, system interfaces, change management, business continuity, continuous controls monitoring, and internal audit. Relevant general case studies will demonstrate how organizations can strengthen ERP financial controls, prevent unauthorized transactions, reduce accounting errors, improve audit readiness, and enhance the reliability of financial information.
By the end of the training, participants will be able to design and manage robust ERP finance and accounting control frameworks that support accurate financial reporting, operational efficiency, fraud prevention, compliance, cybersecurity, and digital finance transformation. The programme is suitable for corporations, banks, government institutions, NGOs, manufacturing companies, universities, healthcare institutions, development organizations, and other entities using ERP systems. The course can be customized according to the organization's ERP platform, finance processes, chart of accounts, internal control framework, regulatory requirements, and digital transformation strategy.

Course Objectives

1. Understand ERP finance architecture, financial modules, transaction flows, and accounting processes.
2. Identify key finance and accounting risks within integrated ERP environments.
3. Design effective preventive, detective, and corrective accounting controls.
4. Apply segregation of duties, authorization, workflow, access, and approval controls.
5. Strengthen general ledger, accounts payable, accounts receivable, procurement, payroll, inventory, and fixed asset controls.
6. Evaluate ERP master data, interfaces, automated reconciliations, audit trails, and financial reporting controls.
7. Identify ERP cybersecurity, fraud, unauthorized access, data manipulation, and system risks.
8. Apply continuous controls monitoring, exception reporting, automated testing, and internal audit techniques.
9. Strengthen ERP implementation, data migration, system change, business continuity, and governance controls.
10. Develop an integrated ERP finance and accounting control framework supporting compliance, reporting accuracy, efficiency, and risk management.

Organization Benefits

1. Strengthens finance and accounting controls across integrated ERP systems.
2. Improves accuracy, completeness, validity, and timeliness of financial transactions.
3. Reduces fraud, unauthorized transactions, accounting errors, and control weaknesses.
4. Improves segregation of duties and user access governance.
5. Strengthens automated approval workflows and transaction authorization.
6. Improves financial reconciliation, reporting, and month-end close processes.
7. Enhances ERP cybersecurity and protection of financial information.
8. Strengthens internal audit, continuous monitoring, and regulatory compliance.
9. Improves ERP implementation, change management, and data governance.
10. Supports efficient digital finance transformation and better management decision-making.

Target Participants

The course is designed for Chief Financial Officers (CFOs), Finance Directors, Finance Managers, Financial Controllers, Accountants, Management Accountants, Internal Auditors, External Auditors, ERP Managers, ERP Consultants, IT Managers, Systems Administrators, Internal Control Managers, Risk Managers, Compliance Officers, Information Security Professionals, Business Analysts, Finance Systems Specialists, Project Managers, and senior executives responsible for finance, accounting, ERP systems, internal controls, audit, risk, and digital transformation.

Course Outline

Module 1: ERP Finance Architecture and Accounting Control Foundations

1. ERP architecture, finance modules, accounting information flows, databases, integrations, and transaction processing.
2. General ledger, accounts payable, accounts receivable, cash management, fixed assets, inventory, budgeting, and financial reporting.
3. ERP transaction cycles covering procure-to-pay, order-to-cash, record-to-report, payroll, and financial close.
4. ERP accounting master data, chart of accounts, cost centers, profit centers, vendors, customers, and financial dimensions.
5. Identification of financial risks, control objectives, key controls, control owners, and control evidence.
6. General Case Study: Mapping an organization's ERP finance processes and developing a risk-and-control matrix for the major accounting transaction cycles.

Module 2: ERP Transaction Controls and Financial Process Governance

1. Preventive, detective, and corrective controls across ERP financial transaction processing.
2. Procurement, purchase order, goods receipt, invoice matching, payment approval, and accounts payable controls.
3. Sales orders, invoicing, receipts, credit management, collections, and accounts receivable controls.
4. General ledger journal controls, posting authorization, account reconciliation, closing procedures, and financial reporting.
5. Automated workflow approvals, exception management, duplicate detection, validation rules, and transaction monitoring.
6. General Case Study: Designing end-to-end ERP controls for a procure-to-pay and order-to-cash environment to reduce unauthorized payments, duplicate invoices, revenue errors, and reconciliation failures.

Module 3: ERP Access Controls, Segregation of Duties and Cybersecurity

1. ERP identity and access management, user roles, permissions, privileged access, and authentication.
2. Segregation of duties (SoD), role conflicts, incompatible duties, access-risk analysis, and remediation.
3. User provisioning, modification, termination, periodic access reviews, and access certification.
4. ERP cybersecurity, data protection, encryption, system monitoring, logging, and incident response.
5. Audit trails, system logs, transaction history, privileged activity monitoring, and digital audit evidence.
6. General Case Study: Conducting an ERP access and SoD review to identify conflicting roles and unauthorized access to sensitive finance functions.

Module 4: ERP Data, Master Data and Automated Accounting Controls

1. ERP master data governance covering customers, suppliers, chart of accounts, assets, materials, employees, and financial dimensions.
2. Data quality controls covering completeness, accuracy, validity, consistency, duplication, and unauthorized changes.
3. Automated three-way matching, bank reconciliation, account reconciliation, intercompany reconciliation, and exception management.
4. System interfaces between ERP, banking platforms, payroll, procurement, inventory, tax, and external applications.
5. Data migration, data conversion, interface controls, reconciliation, validation, and system integration testing.
6. General Case Study: Developing ERP master data and interface controls for an organization migrating financial information from legacy systems into a new ERP platform.

Module 5: ERP Audit, Continuous Controls Monitoring and Compliance

1. ERP internal audit methodologies, risk-based control assessment, control testing, and audit planning.
2. Automated control testing, continuous controls monitoring, exception reporting, and anomaly detection.
3. Financial reporting controls, regulatory compliance, tax controls, statutory reporting, and management certification.
4. ERP fraud analytics, unusual transaction detection, duplicate payments, unauthorized journals, and suspicious activities.
5. Audit evidence, control documentation, remediation tracking, management reporting, and audit follow-up.
6. General Case Study: Establishing a continuous controls monitoring programme to identify duplicate payments, unusual journals, excessive user privileges, and financial reporting anomalies.

Module 6: ERP Finance Transformation, Governance and Advanced Controls

1. ERP implementation governance, control design, requirements analysis, configuration, testing, and deployment.
2. Change management controls, system upgrades, configuration changes, release management, and approval procedures.
3. Business continuity, disaster recovery, backup, system resilience, and financial data recovery controls.
4. Advanced ERP analytics, Power BI dashboards, risk indicators, control performance monitoring, and management reporting.
5. Developing ERP finance control maturity models, governance frameworks, transformation roadmaps, and continuous improvement strategies.
6. General Case Study: Developing an enterprise-wide ERP finance control transformation roadmap integrating accounting controls, cybersecurity, automation, analytics, continuous monitoring, governance, and financial reporting.

General Information

1. Customized Training: All our courses can be tailored to meet the specific needs of participants.
2. Language Proficiency: Participants should have a good command of the English language.
3. Comprehensive Learning: Our training includes well-structured presentations, practical exercises, web-based tutorials, and collaborative group work. Our facilitators are seasoned experts with over a decade of experience.
4. Certification: Upon successful completion of training, participants will receive a certificate from Foscore Development Center (FDC-K).
5. Training Locations: Training sessions are conducted at Foscore Development Center (FDC-K) centers. We also offer options for in-house and online training, customized to the client's schedule.
6. Flexible Duration: Course durations are adaptable, and content can be adjusted to fit the required number of days.
7. Onsite Training Inclusions: The course fee for onsite training covers facilitation, training materials, two coffee breaks, a buffet lunch, and a Certificate of Successful Completion. Participants are responsible for their travel expenses, airport transfers, visa applications, dinners, health/accident insurance, and personal expenses.
8. Additional Services: Accommodation, pickup services, flight booking, and visa processing arrangements are available upon request at discounted rates.
9. Equipment: Tablets and laptops can be provided to participants at an additional cost.
10. Post-Training Support: We offer one year of free consultation and coaching after the course.
11. Group Discounts: Register as a group of more than two and enjoy a discount ranging from 10% to 50%.
12. Payment Terms: Payment should be made before the commencement of the training or as mutually agreed upon, to the Foscore Development Center account. This ensures better preparation for your training.
13. Contact Us: For any inquiries, please reach out to us at training@fdc-k.org or call us at +254712260031.
14. Website: Visit our website at www.fdc-k.org for more information.