Financial Accounting & Reporting

Course Properties

Course date: 26-11-2017
Course End Date: 30-11-2017
Location Cairo

Course Objective:

         By the end of the program, participants will be able to:
          • Understand important financial accounting topics and how to report them on the financial statements.
         • Properly account for assets, liabilities, revenues, and expenses.
         • Understand the annual report, management responsibilities for financial statements, and auditors' opinion.
         • Fully understand the structure, presentation, and disclosure of the financial statements.
         • Interpret and report income and balance sheet accounts.

Who Should Attend:

   Professionals in the field of finance and accounting, accountants at all levels seeking to enhance practical finance and accounting knowledge, certified financial and accounting personnel.

Course Contents:

               • Financial Statements and Business Decisions
                                 o Accounting Systems
                                 o  Four Basic Financial Statements
                                 o Relationship Among the Financial Statements
                                 o Management Uses of Financial Statements

               • Reporting and Interpreting Sales Revenue, Receivables and Cash
                                 o Accounting for Sales Revenues and Discounts
                                 o Measuring and Reporting Receivables
                                 o Cash and Cash Equivalents

               • Reporting and Interpreting Cost of Goods Sold and Inventory
                                 o Nature of Inventory and Cost of Goods Sold
                                 o Inventory Costing Methods
                                 o Inventory Systems

               • Reporting and Interpreting Owners' Equity
                                 o Ownership of a Corporation
                                 o Types of Capital Stock
                                 o Accounting for Capital Stock
                                 o Stock splits and dividends
                                 o Treasury Shares

               • Reporting and Interpreting Property, Plant and Equipment; Natural Resources; and Intangibles
                                 o Classifying Long-Lived Assets
                                 o Measuring and Recording
                                 o Accounting for Repair, Maintenance, and Additions
                                 o Depreciating and Amortization
                                 o Accounting for Disposal of Assets
                                 o Reporting and Accounting for Intangibles

               • Reporting and Interpreting Liabilities
                                 o Liabilities Defined and Classified
                                 o Contingent Liabilities

               • Reporting and Interpreting Investments in Other Corporations
                                 o Types of Investments
                                 o Accounting for Investments
                                 o Cost and Equity Methods