Advanced Accounting

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Overview

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. This is an engaging and interactive workshop which will support each delegate in accordance with the ‘learn by doing’ approach.

Objectives

  • Review and revise the principles of accounting
  • Explore the process of finalisation
  • Learn how to prepare and analyse financial statements
  • Discuss depreciation and impairment
  • Know what revenue recognition is
  • Learn about provisions and contingencies
  • Understand leases, consolidations, investment property and 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

Course Content

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

Day One
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
  • Reconciliation of accounts
Finalisation of accounts
  • Rectifying erroneous entries
  • Journalising adjustment entries
  • Accounting for accruals and prepayments
  • Preparing adjusted trial balance
  • Preparing and presentation of financial statements
Working capital management
  • Types of short-term finance
  • Working capital cycle
  • Manage receivables and payables
  • Inventory accounting
  • Manage short term cash positions
  • Prepare short term cash flow forecast
Day Two
Fixed assets and depreciation accounting
  • Property, plant and equipment
  • The basic concepts of depreciation
  • Methods of depreciation
  • Accounting for depreciation
  • Depreciation and its impact on cash flow and income tax
Revenue recognition
  • Revenue from contracts with customers
  • The requirements for accounting for revenue
  • When can income be recognised as revenue?
  • 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
Day Three
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
Financial statement analysis
  • Ratio analysis
  • Significance of these ratios
  • Limitations of ratio analysis
  • Interpretation of financial statements

Methodology

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
  • Assessments
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Tags:

Date

26 Jan 2020 - 28 Jan 2020

Time

8:00 am - 2:00 pm

Cost

AED5,400.00
Abu Dhabi

Location

Abu Dhabi
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Select Training and Management Consultancy L.L.C. copyright 2020

 

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