Behind every business decision — whether to expand, cut costs, or take on a loan — sits a set of numbers that either support the decision or expose its risk. Reading those numbers accurately, and knowing how they were produced, is what separates confident financial decision-making from guesswork.

This training programme from the Arab British Fellowship Training Academy builds that capability from first principles. Participants learn to prepare and analyse financial reports, determine profit and loss over a given period, and understand the resources available to a company alongside how they are financed. The programme also covers preparing management reports, auditing financial records, advising on tax matters, and running internal audits and transaction recording systems.

Knowledge and Benefits

After completing the programme, participants will be able to:

• Prepare and verify accounting documents, confirming the authenticity of bonds before approval.
• Supervise and control the bonds issued by accounting offices.
• Implement financial procedures as directed by senior management.
• Manage financial instruments of every type with practical, hands-on experience.
• Prepare budgets and lead financial planning processes.
• Draft and execute contracts related to financial instruments.
• Apply tax accounting principles and the procedures followed by income tax authorities.
• Calculate costs, evaluate inventory, and use cost data to support planning and decision-making.
• Audit accounts in both public and private sectors according to recognised international standards.

Who Should Attend?

• Company and institution managers.
• Employees working in institutional and corporate management.
• Accountants in government institutions and private companies.
• Officials responsible for corporate management accounting.
• Anyone seeking an integrated programme in accounting.
• Graduates and students of economics, financial sciences, and banking faculties.

Module 1: Reading and Interpreting Financial Statements

• The core financial statements: income statement, profit and loss, cash flow, and balance sheet.
• Analysing and reading financial statements to support decisions.
• Horizontal analysis, vertical analysis, and analysis using financial ratios.

Module 2: Accounting Foundations and the Accounting Cycle

• Introduction to accounting, its importance, and the accounting system.
• The basic accounting equation and generally accepted accounting principles.
• Double entry, the ledger account, the trial balance, and preparing financial statements.

Module 3: Cost and Management Accounting

• The concept of cost, its types, and administrative cost systems.
• Calculating costs and analysing them to support decision-making.
• Evaluating assets, liabilities, rights, and analysing expenses and revenues.

Module 4: Tax Accounting and Compliance

• The concept of tax, its types, and how to prepare tax reports.
• Value Added Tax (VAT) and sales tax procedures.
• Withholding tax and income tax requirements.

Module 5: Business Documentation and Inventory Adjustments

• Designing the document cycle: sales invoices, cash and cheque receipts, inventory orders.
• Inventory adjustments for nominal accounts (expenses and revenues) and bank and treasury accounts.
• Fixed asset adjustments: calculating depreciation, selling assets, and reassessing useful life.

Module 6: Advanced and International Accounting

• Integration and customisation accounting.
• Capital budgeting and capital management.
• Estimating real and added value under international accounting and financial reporting standards.

Module 7: Accounting Technology and Digital Transformation

• Types of accounting software and their practical uses.
• Information technology applications in accounting.
• Information security and the digital transformation of the accounting function.