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

Program One - The Principles of Financial Accounting  (20hours)
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 

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) 

 

ProgramTwo - 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 

 

 Program Three - Financial Analysis  (15hours)

Interpretation of  statements 
1-Explainaton of problems using historical information

2-Definition and computation of relevant financial ratios 
  2-1-Profitability ratios 
  2-2-Liquidity ratios 
  2-3- Long term financial stability ratios 
  2-4- Investor ratios 
3-Limitation to Financial Ratios 
4-Other Methods Used to Interpret of statements 
5-Effect of Related Party Transactions on Financial Statements 
6-Cash Flow Statements and its Importance