Organizations that handle funds prioritize recording all transactions accurately. The "Introduction to Financial Accounting" course, offered by the Arab British Fellowship Training Academy, includes various interactive exercises following a "learning by doing" approach. This course clarifies the crucial role accounting plays in facilitating financial decision-making. Participants will gain insights into how accounting and reporting systems operate within an organization and explore significant conceptual issues related to accounting estimates.

This course presents an excellent opportunity for participants to practice and apply account management techniques through educational sessions led by experienced academics from the accounting department at the end of each module.

As a foundational course, the "Introduction to Financial Accounting" prepares students for advanced studies in financial management and accounting. It lays the groundwork for understanding the dual-entry system and deepens the grasp of fundamental financial accounting principles, setting the stage for further courses in the field.

Target audience of this course:

Arab British Fellowship Training Academy offers this course to the following institutions:

• Supervisory agencies and central banks.
• Financial institutions and commercial banks.
• Investment banks, housing and savings associations.
• Investment funds and brokering companies.
• Stock exchanges.
• Insurance companies and multinational corporations.
• Accounting companies and consulting firms.
• Law companies and rating agencies.
• Multilateral financial institutions.

Course Objectives:

After completing the course, students will be able to learn the following:

• Accounting concepts.
• Accounting Equation.
• Accounting rules.
• Transaction registration.
• Modification and correction of commercial records.
• Preparation of financial statements.
• Financial statements analysis.
• Settlement of accounting records.

• Basics of inventory accounting.
• Inventory accounting systems.
• Inventory evaluation methods.
• Inventory accounting.
• Inventory and its impact on financial statements.
• Principles and terms of bookkeeping.
• Accounting for transactions.
• Reconciliation between the control of debtors and creditors.
• Bank reconciliation statement.
• Systems and methods of inventory.
• Functions and areas of sub-accounting.
• Accounting course.
• Principles of accounting - concepts and conventions.
• Accounting Equation.
• Account types.
• Discount and credit rules.
• Understanding accounting framework.
• Understand the accounting process.
• Understand the completion process.
• Understand how financial statements analyzed.
• Understand how consumption accounted for.
• Understanding goods accounting.
• Settlement of cash flows and bank balances.
• Recordkeeping and accounting.
• Transaction analysis.
• Transaction registration.
• Registration in the ledger.
• Balance accounts.
• Prepare the audit balance.
• Methods of consumption.
• Accounting consumption.
• Consumption and its effect on cash flows and income taxes.