Course Duration: Five Training Days

Course Language : Arabic or English

Include:

- Scientific materials with TAB

- Workshops

- Reception and farewell at the airport

- Daily lunch

- Coffee Break

Program Objectives:

- 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 these standards to international and Arab business environments.

- Develop the skills of participants in the design of final financial reports in accordance with the current standard and the proposed standard.

- 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.

Target Groups:

- Accountants, heads of accounts and financial sectors

- Financial analysts in governmental and private economic institutions

- Internal and external auditors for various sectors

Program Content:

The development of the accounting profession according to the latest global developments:

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

• Joint Project for the Development of IASB & FASB Accounting Standards (2005-2020)

- Why abide to international and Arab accounting standards .

- Differences between international, Egyptian, and Gulf accounting standards

- The latest changes to International Accounting Standards and Financial Reporting Standards

Accounting systems in governmental and private business organizations:

- An introduction to the objectives, nature, and types of accounting systems in organizations.

- Basic components of accounting science

- Financial operations and the cycle of the accounting system

- Dual enrolment and registration cycle

- Applied cases to capital formation processes and cash operations

Accounting cycle (proof and carryover):

- Financial operations related to purchases, sales, returns, discounts,

- Financial operations related to commercial papers (receipt of a receivable, acceptance of a payment sheet)

- Posting of accounts to the ledgers

- Ledger balances and process cases

Closing of final accounts and inventory adjustments of revenues and expenses:

- Score calculations

• Inventory adjustments of assets

- Expense and revenue inventory adjustments

- Preparation of the trial balance in balances and totals

Final inventory adjustments of assets:

- Inventory adjustments of fixed assets

- Inventory adjustments of current assets

- Inventory settlements of moral assets

- Inventory adjustments of financial lease assets

- Inventory adjustments for impairment of assets

Presentation of financial statements according to IFRS:

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

- View the balance sheet

- View the Comprehensive Income Statement

- View Cash Flow Statement

- Complementary clarifications