Most accounting failures are visible in the numbers long before they become a public bankruptcy filing. The accountants and controllers who catch them early are not the ones with the most theoretical knowledge — they are the ones who know how to read financial statements, measure cash and operational performance, and apply bankruptcy-prediction models before the warning signs turn into a crisis.

This course, offered by the Arab British Fellowship Training Academy, builds exactly that capability. It moves from preparing financial statements correctly under international standards, through evaluating cash and operational performance, to the advanced models accountants use to predict financial failure — giving accountants and financial observers a full, practical toolkit rather than isolated topics.

• Prepare income statements, equity changes, and cash flow statements to international standards.
• Evaluate cash and operational performance using advanced measurement tools.
• Assess client credit policies, collection methods, and debt repayment capacity.
• Apply advanced models to detect early signs of financial failure and predict bankruptcy.
• Use accounting data confidently in organisational decision-making.
• Apply the control and audit systems required within an organisation.

Target Audience

• Accountants and financial observers.
• Anyone interested in financial statement preparation and analysis.
• Internal auditors and control staff.

Module 1: Preparing Financial Statements to International Standards

• Preparing income statements and equity change statements
• Preparing cash flow statements
• Policies governing statement preparation and publication

Module 2: Evaluating Cash and Operational Performance

• Needs and methods for measuring cash performance
• Advanced means for evaluating operational performance
• Practical applications and workshop

Module 3: Client Credit, Collection, and Liquidity

• Policies given to clients and how to evaluate them
• Collection methods and client follow-up
• Determining debt repayment and borrowing capacity, and liquidity impact

Module 4: Detecting Failure and Predicting Bankruptcy

• Causes of financial failure and bankruptcy indicators
• Determining an entity's financial condition to anticipate failure
• Advanced models for predicting bankruptcy — practical applications

Module 5: Advanced Performance Evaluation Methods

• Investment project evaluation and balanced performance measurement
• Benchmarking in evaluating institutional performance
• International accounting principles and cost accounting theories

Module 6: Internal Control, Auditing, and Modern Standards

• Control and audit systems within organisations
• Impact of technology on the accountant's and controller's work
• International accounting standards and their practical application