Targeted Audience:
-Financial managers.
-Planning managers.
-Internal auditing managers.
-Accountants.
-Internal and external audits.
-Financial analysts.
-Managerial accountants.
Training program goals:
-Acknowledging fundamental accounting concepts and how accounting data flows within accounting systems, according to international standards.
-Acknowledging the accounting cycle and the methodologies of registering and posting entries and inventory adjustments.
-Equip participants with skills needed for applying special procedures for the financial period (Incomes-Expenses).
-Gaining the skills of closing books and preparing and finalizing accounts and budgets according to international standards.
-Acknowledging the fundamental financial statements and their importance and the benefit of each financial statement.
Contents & program outline:
-Cornerstone rules of accounting.
-Fundamental accounting principles and concepts.
-Basics and elements of accounting functions.
-Accounting and financial terminologies: (assets, expenses, profit, cash inflow,.).
-Financial statement definitions and usages.
-Distinguishing between cash-based accounting, and the accrual accounting.
-The elements of an accounting system.
-The accounting information system: Concept, goals, and differentiating knowledge from data and information.
-Ledgers, documents.
-Financial and accounting instructions.
-The different accounting methodologies.
-Accounting cycle.
-The phases of the accounting cycle.
-Analyzing financial transactions
-Double entry system.
-Balance sheet equalizing.
-Transactions entries in journals.
-Categorizing and classification in the general ledger.
-Summarizing the transaction in the trial balance.
-Case studies.
-Preparing accounting reconciliations.
-Accounts reconciliations.
-Expenses reconciliations.
-Income reconciliations.
-Determining prepaid accounts and payables accounts.
-Preparing the adjusted trial balance.
-Diversified case studies.
-Closing books and preparing finalizing accounts and financial statements.
-Preparing the adjusting entries.
-Preparing the closing entries.
-Trial Balance after the closing entries.
-Preparing financial statements and finalizing accounts from the adjusted trial balance.
-The usage of the working sheet to prepare closing and adjusting accounts.
-Preparing entries and adjustments for certain financial transactions.
-Preparing the entries and adjustments for salaries and wages.
-Preparing the entries and adjustments for funds-in-trust.
-Preparing the entries and adjustments for advances and expenses.
-Preparing the entries and adjustments for income.
-Preparing the entries and adjustments for depts and warrants.
