When it comes to numbers, there is always more than meets the eye. In operational finance, you will learn how to read the “story” that the balance sheet and income statement tells about the company’s operations. The insights you gain from this “financial story” will then become a tool for short-term decision-making at the top management level relating to current assets, current liabilities and the management of working capital. Finally, by the end of the course you will understand the financial consequences of managerial decisions on operations, marketing, etc. This training course will guide you through the balance sheet creation process from gathering important financial documentation to reviewing and verifying a completed statement.
What Is The Training Course Methodology?
ACAD Corp’s methodology depends on enabling participants to interact and exchange experiences, explore their competencies and achieve their career aspirations, using forward-thinking training arts, such as Theoretical Lectures, Workshops, Open discussion to exchange opinions and experiences, Scenarios, innovative thinking brainstorming and teamwork, Role-play and simulation, and Audiovisual tools and materials. Participants will receive an agenda including training material as a reference, in addition to some extra notes and booklets. Training material will be presented in English and Arabic.
Who Should Attend This Training Course?
The training course is designed for financial managers and observers, managers of accounting departments, and review the various facilities.
What Are The Training Course Objectives?
Definition of the information associated with the financial position
Results of operations, cash position, changes in equity for businesses
General framework of international accounting standards issued by the International Federation of Accountants – IFAC, according to the latest amendments
What Is The Training Course Curriculum?
Presentation of Balance Sheets based on International Standards
Framework of International Accounting Standards
Introduction to the International Accounting Standards Board
International Accounting Standard No. (1) Presentation of Financial Statements
Prepare and budget presentations
Asset tab, tab obligations and shareholders' equity
Display a list of income and Tab
List of changes in equity
International Accounting Standard No. (7) Cash flow
Advantages of Cash Flow Statements
Cash components and the like
Tabs statement of cash flows
Report on cash flows from operating activities
International Accounting Standard No. (16)
Conditions for recognition of fixed assets.
Cost component of the cost of fixed assets elements
Excluded from the cost of fixed assets cost elements
Cost of assets arising from the exchange
Subsequent expenditure on the asset ownership
Key Parts that Change at Regular Interval
Depreciation on a straight-line basis
Accounting treatment of the difference when stop working
International Accounting Standard No. (38) of intangible assets
Conditions item considered an intangible asset
Scope of application of the standard
Cases recognized as an intangible asset
Subsequent spending on intangible assets
Accounting treatment of intangible assets
Standard treatment: Recognition of historical cost
Treatment permitted method of revaluation
Amortization of intangible assets
Disclosure of intangible assets
International Accounting Standard No. (8) net profit or loss for the period and of fundamental errors and change in accounting policies
Philosophy display a list of income
Excluded activities. Independent disclosed in the income statement - the date when, how to stop, profit or loss
Changes in Accounting Estimates: Standard Treatment vs. Alternative Treatment
Changes in accounting policies
International Accounting Standard No. (10) of emergency circumstances and events subsequent to the balance sheet date
Types of emergency conditions
Measure emergency conditions
Events subsequent to the date of the budget
Events require an adjustment in the financial statements
Events do not require an adjustment in the financial statements
ACAD Training & Consulting uses the power of its network to bring about positive, tangible change. We champion the training courses profession and the interests of individuals, engaged in that profession, for the benefit of all. ACAD Professional Certificates are designed for those who are enthusiastic to challenge themselves to reach the extra mile. Participants who fully attend an APC course and successfully pass the exam on the last training day, will receive an ACAD Professional Certificate (APC). APC are regionally recognized and can be esteemed when applying for more senior roles in Egypt and MENA region.