Cambridge
Academy
In London

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:

- Introduce participants to the nature and types of accounting systems, and the cycle of their operation from the beginning of the occurrence of financial operations until the preparation and presentation of published financial reports and their complementary explanations

- Provide participants with the skills of preparing and presenting various financial reports in accordance with the latest requirements and versions of the International Accounting Standards.

- Developing the skills of participants in conducting financial analysis and reading financial indicators in order to support strategic decision-making

- Use Excel in reporting and analysis in order to speed up financial and accounting processes.

- Deepen your understanding of behavioral concepts associated with daily financial and accounting operations

Target Groups:

- This course is aimed at all professionals working in the field of finance and accounting, from managers, supervisors, and accountants who want to apply and use tools that enable them to manage accounting and finance departments with high efficiency.

Program Content:

Development of accounting and financial systems in business organizations:

- Objectives, nature, and types of accounting and financial systems in organizations.

- Financial operations and the cycle of the accounting system

- Development of accounting thought in accordance with global economic developments.

International Financial Reporting Standards (IFRS):

- An Introduction to the Evolution of International Accounting Standards

- Joint project for the development of International Accounting Standards (IFRS)

- Latest Amendments to International Accounting Standards 2020

Accounting and Financial Statements: 

- Accounting Operations Course

- An overview of the underlying financial statements

- Income Statement

- Balance sheet

- Cash Flows

Application of best practices in payables:

- Receivables cycle

- Common aspects of inefficiency in payables

- Central and decentralized management of payables

- Suppliers' or payables' websites

- Preparation of electronic reports of expenses

Presentation of financial reports in accordance with financial reporting standards:

- Types of financial statements—Assumptions—Principles

- View the statement of financial position

- View the comprehensive income statement

- View the list of cash flows

- Draft new standard for the presentation of financial reports

Using Financial Analysis in Strategic Decision Making:

- Types of financial strategic decisions related to investment and finance

- Horizontal analysis of financial statements 

- Vertical analysis of financial statements

- Measurement of financial indicators and benchmarks

 Best Practices in Fixed Asset Management and Budgeting:

-  Fixed Asset Cycle

- Capital outlay versus operating expenses

- Fixed Assets Control

- Methods of setting budgets

- Tips for increasing the efficiency of budget management processes

Best practices in using Excel in reporting :

- Data Collection

- Examine the data for accuracy.

- Use pivot tables in:

- Prepare periodic reports efficiently.

- Collect data efficiently and accurately. 

- Preparation of bank reconciliations

- Preparation and analysis of salary reports

- Preparation and analysis of payables reports

- Prepare, compile and analyze general ledger reports

- Budget reporting and analysis 

- Billing reporting and analysis

- Preparation of key management reports

Basic behavioral concepts to improve financial and accounting processes:

- Modern skills for managing financial and accounting operations

- Successful meeting

- Communication skills

- Matrix of powers and performance evaluation