Computerized Accounting and Internal Audit Fundamentals Training Course
1Summary
Numbers only become useful once someone can explain why they moved. An accountant who can record a transaction but not interpret what it means for a decision is doing half the job — and that gap is exactly where computer-based accounting systems and internal audit practices are meant to step in.
This Arab British Fellowship Training Academy training course is designed for commerce students, working accountants, and financial professionals who want a refresher on the fundamentals: how accounting supports financial decision-making, how to design accounting data systems and cost structures, and how internal audit and audit committees keep those systems honest, all reinforced through practical, computer-based application.
2Objectives and target group
Course Objectives
- Understand how accounting theory and auditing principles support financial decision-making.
- Apply quantitative methods and accountability accounting to explain organizational performance.
- Design accounting data systems and determine costs, including cost sharing and service transfer between institutions.
- Apply internal audit fundamentals, including audit committee structure and its relationship to internal auditors.
- Execute practical accounting and audit applications using the computer, supported by consulting and assurance services.
Who Should Attend?
- Commerce students, accountants, and financial experts seeking a refresher on accounting fundamentals.
- Managers of governmental institutions and those interested in pricing and costs.
- Staff of financial institutions, banks, investment funds, insurance companies, and accounting or consulting firms.
- Anyone working in the financial or accounting sector.
3Course Content
Module 1: Accounting as a Decision-Support Tool
- Accounting theory and the principles of auditing and accounting.
- Explaining finances and decision-making methods, including quantitative methods.
- Accountability accounting and explanation of performance, and financial budgets.
- Financial statements within governmental institutions: the income list and statement of financial position.
Module 2: Designing Accounting Data Systems and Determining Costs
- Methods of designing accounting data systems.
- Costs within governmental institutions and cost sharing between institutions.
- The cost of transferring services between institutions and the theories used for costs.
Module 3: Internal Audit Fundamentals and Audit Committees
- Key terms and types of examination: analytical versus traditional.
- Principles of internal audit and its general construction.
- Audit committees, their systems, benefits, and relationship with internal auditors and internal references.
- Performance and execution principles as they relate to audit activities and audit programs.
Module 4: Practical Computer-Based Application and Assurance Services
- Establishing specialized reviewing and auditing systems.
- Damage that may occur as a result of audit and review, and how to address it.
- Consulting and assurance services, and using audit activities electronically.
- Executing practical accounting and audit applications using the computer.