Closing the Books: A Training Course in Finalising Company Accounts
1Summary
Every accounting cycle ends the same way: entries need to be checked, wrong ones corrected, and the books closed cleanly before financial statements can be trusted. This training course by the Arab British Fellowship Training Academy focuses on exactly that stage, using interactive, "learning by doing" exercises rather than theory alone.
Participants also build a broader understanding of how accounting and reporting systems support financial decision-making across an organisation, alongside the practical skill of finalising accounts correctly.
2Objectives and target group
This training course is designed for professionals at:
- Supervisory agencies, central banks, and commercial banks.
- Investment banks, housing and savings associations, investment funds, and brokering companies.
- Stock exchanges, insurance companies, and multinational corporations.
- Accounting firms, consulting firms, law firms, rating agencies, and multilateral financial institutions.
By the end of the course, participants will be able to:
- Apply accounting definitions, the accounting equation, and accounting rules when registering transactions.
- Modify and correct commercial books, then prepare accurate financial statements.
- Analyse financial statements and settle the books of accounts at closing.
3Course Content
Module 1: Finding and Fixing the Errors
- Correcting wrong entries.
- Recording correction and adjustment entries.
Module 2: Closing and Reporting
- Closing the accounts.
- Preparing the revised audit (trial) balance.
- Preparing the financial statements.