Advanced Accounting

SCHEDULE

October 22 to October 24 Abu Dhabi, United Arab Emirates Register
December 26 to December 28 Dubai, United Arab Emirates Register

COURSE AIMS

This workshop will give an in depth understanding of the preparation and analysis of financial statements and an understanding of some of the more complex aspects of accounting. An engaging and interactive workshop which will support each delegate in accordance with the ‘learn by doing’ approach.

WHO WILL BENEFIT FROM THE COURSE?

Any manager working with financial figures who needs to have a good understanding of accounting and how to handle some of the more complex transactions that arise.

WHAT WILL YOU GAIN FROM THIS COURSE?

  • Understand and revise the principles of accounting
  • Review and revise the principles of accounting
  • Explore the process of finalisation
  • Financial statement preparation and analysis
  • Discuss depreciation and impairment
  • What is revenue recognition?
  • Provisions and Contingenciesv
  • Understand leases
  • Understand consolidations
  • Understand investment property
  • Understand inventory
  • Knowledge and understanding of:
    • Rules of accounting
    • Recording complex transactions
    • Reconciling accounts
    • Recording adjusting journal entries
    • Preparation of financial statements
    • Understanding the notes to the financial statements
    • Analysing financial statements

SAMPLE COURSE CONTENT

Below is an example of the course content. The content can be tailored to meet the exact requirements of the client.

The Principles of Accounting
  • Meaning, Functions and Sub Fields of Accounting
  • Accounting Cycle
  • Accounting Principles- Concepts and Conventions
  • Accounting Equation
  • Types of Accounts
  • Rules of Debit and Credit
  • Standards for Accounting Disclosure
Finalisation of Accounts
  • Rectifying Erroneous Entries
  • Journalising Adjustment Entries
  • Accounting for Accruals and Prepayments
  • Preparing Adjusted Trial Balance
  • Preparing Financial Statements
Financial Statement Analysis
  • Categorisation of Ratios
  • Various Types of Ratios:
    • Liquidity Ratios
    • Solvency Ratios
    • Leverage Ratios
    • Coverage Ratios
  • Significance Of These Ratios
  • Various Other Types Of Ratios:
    • Profitability Ratios
    • Expense Ratios
    • Turnover Ratios
  • Limitations of Ratio Analysis
Depreciation Accounting
  • The Basic Concepts of Depreciation
  • The Difference Between Depreciation and Impairment
  • Methods of Depreciation
  • Accounting for Depreciation
  • Depreciation and Its Impact on Cash Flow and Income Tax
Reconciliation of Accounts
  • What Accounts Need to be Reconciled?
  • Reasons for Reconciling
  • Procedure for Reconciliation
Revenue Recognition
  • The Requirements for Accounting for Revenue
  • When Can Income be Recognised as Revenue in the Financial Statements?
  • Disclosure Requirements
Provisions
  • The Requirements for Accounting for Provisions
  • The Difference Between a Provision and a Contingency
  • How to Calculate the Amount to Provide For
  • Disclosure Requirements
Leases
  • Different Types of Leases
  • Accounting for Leases
  • The Impact on the Financial Statements
  • Disclosure Requirements
Consolidations
  • Understanding the Accounting for a Group of Companies
  • Understand Different Group Company Structures
  • What is Goodwill?
  • What is Non-Controlling Interest?
  • Analysing Group Financial Statements
Inventory Accounting
  • Knowledge of Different Inventory Accounting Systems
  • Various Inventory Valuation Methods
  • Accounting for Inventory
  • Inventory and Its Impact on the Financial Statements

METHODOLOGY OF TRAINING

The foundation of our training is anchored in activity-based experiential learning. This methodology takes into consideration different learning and communication styles, and more importantly language and cultural differences. It is through active participation that the adoption and application of theory is expedited.

Our training team pays careful attention to planning and designing effective instructional methods essential for the transfer of knowledge. It is the creative skill of our management trainers and consultants that reveal untapped skills of the delegates through:

  • Group discussion
  • Individual and syndicate activities
  • Individual and group tasks
  • Case studies
  • Role plays
  • Audio and video evaluation
  • Action planning
  • Experiential learning games
  • Presentations

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Abu Dhabi

P.O. Box 44705, Abu Dhabi,
United Arab Emirates
Phone: +971 2 6740340
Fax: +971 2 6743554

Dubai

P.O. Box 334058, Dubai,
United Arab Emirates
Phone: +971 4 2566414
Fax: +971 4 2566424