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This anti-money laundering course provides a general overview of the risk and the implications of money laundering and the impact it has on a business. It is suitable for anyone who works in financial, credit, legal, or estate agency sectors and generally anyone working in a role that involves payments or money. Money laundering is an illegal act which can be conducted in a variety of settings, posing risks to both staff and businesses. This course covers the essentials about understanding what money laundering is, how it's carried out, the surrounding legislation, and implications of money laundering to help staff recognise potential instances of money laundering and how to implement control measures. -
This course is aimed at team leaders and professionals in the finance sector, it explains what a budget is and the budget setting process. The course describes effective budget controls, but before that it helps the learner to understand what a budget is – a financial plan using numbers -
The course begins with describing the separate but also linked processes of planning, budgeting and forecasting and their definitions in more detail. Five types of budget are reviewed: master, cash, capital expenditure, operating and departmental budgets and four steps to take to ensure that budgets and forecasts are realistic. -
This course goes on to describe the structure of an accounting system and its various component parts. Next governance and compliance is reviewed and how these relate to financial management ie tax returns, retention of tax records. Who are the key stakeholders in financial reporting: managers, lenders, investors and suppliers, regulatory authorities. The relationship between financial management and reporting is described and how this is affected by adequate financial controls. -
The course begins by describing how the production of accurate financial updates and the comparison of actual results against budgets are part of the budgetary control process, resulting in financial update reports, which enable those responsible for meeting budget targets to track actual results against budget. The two main components of financial updates are actual figures and budget figures. These are described in some detail, along with the creation of a financial update report, which has certain characteristics.
