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 Outline

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.