Behind every business decision, whether to invest, cut costs, or expand, sits a set of numbers that someone had to prepare, check, and interpret correctly. That is the practical skill this course, delivered by the Arab British Fellowship Training Academy, is built around: reading and producing the financial statements, cost calculations, and tax reports that keep an organization's finances sound.

Participants work through the full accounting cycle, from recording a transaction to analyzing the final financial statements, gaining the grounding usually associated with a college or business-school accounting track, but focused on what is actually used on the job.

Target Audience

• Company and institution managers across all sectors.
• Staff working within finance and administration departments.
• Accountants in government bodies and private companies.
• Management accounting officers within corporations.
• Graduates and students of economics, finance, and banking faculties.
• Anyone seeking a complete, practical grounding in accounting.

What You Will Gain

By the end of the course, participants will be able to:

• Prepare and verify accounting entries, journal vouchers, and supporting documentation.
• Supervise and control the bonds and records issued by accounting offices.
• Implement senior management's financial procedures and manage financial instruments of all types.
• Build budgets and financial plans, and draft and execute contracts for financial instruments.
• Apply tax accounting principles and income-tax procedures, including studying the applicable tax system.
• Calculate and analyze cost elements to determine unit cost, value inventory, and support planning and decision-making.
• Audit public- and private-sector accounts in line with recognized international auditing standards.

Module 1: Building the Accounting Foundation

• Introduction to accounting, its role, and the types of accounting systems.
• The basic accounting equation and the double-entry system.
• The accounting cycle: ledger accounts, trial balance, and financial statements.
• Core accounting principles and generally accepted assumptions.

Module 2: Financial Statements and the Business Document Cycle

• Preparing the income statement, cash flow statement, and balance sheet.
• Reading and analyzing financial statements.
• Valuing assets, liabilities, and equity, and building the planning and execution budget.
• Designing the document cycle: sales invoices, cash and cheque receipts, and inventory orders.

Module 3: Management and Cost Accounting

• Cost concepts and types, and management cost systems.
• Calculating and analyzing costs to support decision-making.
• Analyzing expenses and revenues.

Module 4: Tax and Legal Accounting

• Tax concepts, types, and the procedures and reports required by the tax authority.
• VAT, sales tax, withholding tax, and income tax.
• Legal compliance requirements within tax accounting.

Module 5: Analysis and Period-End Adjustments

• Horizontal, vertical, and financial-ratio analysis of financial statements.
• Inventory adjustments for revenue and expense accounts, bank accounts, and the treasury.
• Fixed-asset adjustments: depreciation, disposals, and reassessing useful life.

Module 6: Advanced and International Accounting

• Integration and cost-allocation accounting.
• Capital budgeting and capital management.
• Estimating real value and added value.
• International accounting and financial reporting standards.

Module 7: Accounting Technology and Digital Transformation

• Types of accounting software and their applications.
• Information technology applications in accounting.
• Information security in electronic accounting.
• Digital transformation across the accounting profession.