Cambridge
Academy
In London

introduction

Introduction to Accounting , The importance of accounting information , The role of the finance function 

Accounting equations and financial accounting systems ,Recording of facts and application of the judgment , Preparation of an income statement and balance sheet ,Accounting principles and accounting standards

Course Objectives

By the end of this course, participants will be able to:

·        Mastering modern accounting techniques for effective decision-making

·        Use budgets to control your business.

·        Provide participants with a set of knowledge of the new International Financial Reporting Standards (IFRS) and identifies the changes that have accompanied the application of IFRS to international and Arab business environments.

·        Mastering the preparation of the income statement, balance sheet, and cash flow statement

·        Use accounting techniques to improve profitability and efficiency.

·        Develop the skills of participants in the design of final financial reports.

·        Provide participants with all the professional problems that accompany the application of some accounting treatments to some accounting standards.

·        Provide participants with a set of skills in how to use and benefit from financial reports through critical reading of them, in a way that enables judging the strength and strength of the financial centers of organizations and in a way that contributes to the support of many administrative decisions.

Target Audience

This course is designed for:

·        Accountants, heads of accounts and financial sectors

·        Financial analysts in governmental and private economic institutions

·        Internal and external auditors for various sectors

Course Outlines

Day 1:  The form and contents of the income statement 

·        coordination and the contents of the balance sheet

·        impact of depreciation and decay on profit.

·        Inventory identification and valuation 

·        Prepare your cash flow statement.

·        The importance of cash flow in business

·        Management Accounting for Control and Decision-Making:

·        Collection and analysis of costs

·        direct and indirect cost structure.

·        Dealing with overhead — absorption costs or ABC?

·        Cost-volume-profit analysis and break analysis

·        Decision-making—making or buying

·        Decision Making—Impact of Constraining Factors

Day 2: System of Accounting Information:

·        Accounting standards (International – IFRS – Public Sector Standards IPSAS)

·        Accounting Standards Development Plan of the IASB and FASB

·        Differences between international, Egyptian, and Gulf accounting standards

·        Latest changes to International Accounting Standards and Financial Reporting Standards

·        The use of electronic technologies in the management of the accounting information system

·        The use of digital technologies in the management of the accounting information system

Day 3: Applied problems resulting from the application of IFRS standards:

·        Risks of applying IAS in accordance with the latest amendments

·        Long-term asset and property management issues

·        Problems with processing moral assets

·        Problems addressing asset depreciation

·        Financial instrument processing problems

·        addressing financial leasing issues

·        Communicate the plan through budgeting: 

·        Institutional planning and corporate goals that are implemented through budgeting

·        Budgeting process and time scale

·        Techniques for forecasting sales budgets

Day 4  : Successive budgets across entire businesses

·        Preparation of functional budgets and cash budgets

·        Budget principles, methodologies, and applications

·        Presentation of financial statements in accordance with IFRS for the purpose of financial decision-making:

·        Users of financial statements (stakeholders)

·        The role of financial statements in enhancing the values of communication with stakeholders

·        View menus in light of IAS 1 – IAS 7 – IFRS (DRAFT).

·        View balance sheet

Day 5: View the Comprehensive Income Statement

·        View Cash Flow Statement

·        Complementary clarifications

·        Preparation and drafting of financial health reports to enhance decision-making:

·        Financial Analyst's Work Principles

·        Re-presentation of financial statements for financial analysis

·        Strategic financial analysis of financial statements

·        Horizontal and vertical analysis of financial statements

·        Measurement of financial indicators and benchmarks

·        The use of financial analysis in predicting the continuity of organizations using CNC:

·        Use the financial correlation method in measuring manipulation and fraud.

·        Use the regression method in predicting future financial statements.

·        Use the regression method in predicting financial failure.