Who Should Attend
Managers with financial responsibility or seeking a refresher in analysis—including financial analysts, accountants, project managers, budget analysts, vice presidents of finance, controllers and treasurers.

Objective
Provides an understanding of the modern accounting framework, Covers financial and business accounting information used for planning, analysis, and control, Focuses on best practices, tools, models to facilitate managerial decision-making and Provides insights on how to develop strategies, initiatives and programs to introduce and manage financial controls
 

Program Profile

Part One - The Principles of Financial Accounting  (30 hours)
Accounting Environment and its Related Framework 
1-Definition of accounting information. 
2-Users and preparers of accounting information. 
3-Finanacial statements for business entities 
4-Recognition and measurement of accounting information 

Types of Business Entities and Its Activities 
1-Definition of sole proprietor ship and partnership and corporations 
2-Industrial business, merchandising business and service business 

Generally accepted accounting principles (GAAP) 
1-Basic accounting model 
2-Illustration of financial statements 
3-Explaination of GAAP 

Accounting cycle 
1-Analyzing and recording ( general journal) 
2-Posting (t--accounts and ledgers) 
3-Preparing - (trail balance) 
4-Preparing - (closing entries) 
5- Preparing - trail balance after closing entries 

Completion of accounting cycle 
1- Adjustments and reversing entries 
2-Adjusted trail balance 
3-Final balance sheet and income statement 

Overview Over Accounting Cycle 
1-Designing of documentation cycle 
2-Accounting information systems(AIS) 

 

Part Two - Advanced Financial Accounting   (30 hours)
Balance Sheet Accounts - Cash and its Equivalents 
1-Nature of cash 
2-Internal control over cash 
3-Bank reconciliation( balance per bank VS balance per book) 
4-Petty cash 
5-Cash discounts 
6-Voucher system 

Receivables and Temporary Investments 
1-Accounts receivables(AR) 
2-Allowance for doubtful accounts 
3-Notes receivables(NR) 
4-Temporary investments 

Inventory Accounts 
1-Determining cost of inventory 
2-Determining cost of goods sold 
3-Periodic VS perpetual inventory systems 
4-Valuation of inventory using lower of cost or market value 
5-Purchases and sales transactions for inventory account 
6-Estimating inventory accounts and errors 

Property ,Plant and Equipment 
1-Acquisition cost 
2-Depreciation methods 
3-Subsidiary ledger for property, plant and equipment 
4-Intangibles assets and its amortization 
5-Natural resources and its depletion 

Current liabilities 
1-Accounts payables(AP) 
2-Notes payables(NP) 
3-Bonds and its premiums 
4-Loans(current and long part) 

Partnerships 
1- Definition of partnerships and its characteristics 
2- Advantages and disadvantages of partnerships 
3-Accounting for partnerships 

Corporations 
1-Definitions of corporation businesses 
2-Issuing of common stocks 
3-Definition of treasury stocks and its oresentation in the financial statements 
4-Types of dividends 
5-Equity section in balance sheet 

 

 Part Three - Financial Analysis  (18 hours)

Interpretation of  statements 
1-Explainaton of problems using historical information 
2-Definition and computation of relevant financial ratios 
Profitability ratios 
1-Liquidity ratios 
2- Long term financial stability ratios 
3- Investor ratios 
Limitation to Financial Ratios 
Other Methods Used to Interpret of statements 
Effect of Related Party Transactions on Financial Statements 
Cash Flow Statements and its Importance 

 

Part Four - Costing  (24 hours)
Cost Accounting Systems 
1-Management accounting (planning and control) 
2-Activity centers 
3-Product costing(product and period cost) 
4-Costing statements 

Job Order Costing 
1-Accounts and record in jobs 
2-Order costing 
3-Steps in order costing 
4-Review of job order costing 

Process Costing 
1-Definition of process costing 
2-Basic steps in process costing 
3-Journal entries and t account 

Contribution Approaches to Cost Volume Profit Analysis 
1-Variable cost and fixed costs 
2-Cost volume profit analysis 
3-Contribution margin format of the income statement 
4-Additional cost volume profit terminology 
5- Techniques of cost volume profit analysis 
6-Cost volume profit analysis for multi product firm 

 

Part Five -  Auditing and Internal Control  (24 hours)
Internal Control 
1-Definition of internal control in business entities and its importance 
2-Basics of internal control 
3- Difference of general control and application control 
4- Difference of errors and frauds 
5-How to understand internal control of any entity 
6- Documentation cycle in business entities and control over with 
7-Workshop and practical cases 

Auditing 
1- Definition of auditing and difference between auditing and accounting 
2-Types of audit approaches 
Auditing Cycles 
1- Sales and collection cycle 
2- Purchases and disbursements cycles 
3- Payroll cycles 
4- IT cycle 
Types of Audit Reports 

 

Part six - International Financial Reporting Standards (IFRS) (24 hours)
1- Definition of ifrs and need for it and its importance 
2-Differences of Egyptian accounting standards and international accounting standards 
3- Analysis of treatment of such differences under EAS and IFRS 
4-Property , plant and equipment treatment under IFRS 
5-Inventory and its impairment under IFRS 
6-Intangibles assets and its amortization under IFRS 
7-Construction contracts under IFRS 
8-Cases and practical examples on each treatment