Advanced Accounting

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يرجى النقر لعرض مخطط الدورة العربية

SCHEDULE

May 28 to May 30 Abu Dhabi, United Arab Emirates Register
June 18 to June 20 Dubai, United Arab Emirates Register
August 25 to August 27 Abu Dhabi, United Arab Emirates Register
September 24 to September 26 Dubai, United Arab Emirates Register
November 26 to November 28 Abu Dhabi, United Arab Emirates Register
December 8 to December 10 Dubai, United Arab Emirates Register

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 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
    • Assessments

 

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Abu Dhabi

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

Tax Registration Number:
100003031000003
for VAT purposes, only in the UAE

Dubai

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

Tax Registration Number:
100003031000003
for VAT purposes, only in the UAE