Beyond the Numbers: A Training Course in Accounting and Financial Analysis Skills
1Summary
Management makes financial, investment and operating decisions constantly, and the quality of those decisions rests on one thing: how well the underlying numbers are analysed. This training course by the Arab British Fellowship Training Academy builds that analytical skill, so participants can prepare and read financial analysis that genuinely improves decision outcomes.
It also lays the groundwork in double-entry accounting itself, widening participants' understanding of its core principles and preparing them for more advanced financial accounting courses.
2Objectives and target group
This training course is designed for:
Accountants, managers, and anyone whose role requires a solid background in accounting and finance.
By the end of the course, participants will be able to:
- Apply accounting concepts, the accounting equation, and accounting rules.
- Register transactions and modify or correct commercial records.
- Prepare complete financial statements and analyse them to support real decisions.
- Settle accounting records at period end.
3Course Content
Module 1: The Decision-Making Lens — Accounting's Real Job
- Understanding the accounting framework and the accounting process.
Module 2: Recording and Reconciling
- Transaction analysis and registration, and registration in the ledger.
- Balancing accounts and preparing the audit (trial) balance.
- Principles and terms of bookkeeping, and recordkeeping.
- Reconciliation between debtors' and creditors' control accounts, and the bank reconciliation statement.
Module 3: Inventory, Goods and Consumption
- Basics and systems of inventory accounting, and evaluation methods.
- Understanding goods accounting and how consumption is accounted for.
- Inventory's impact on the financial statements.
Module 4: Closing the Cycle
- Understanding the completion process.
- Settlement of cash flows and bank balances.
Module 5: Reading and Analysing the Statements
- Understanding how financial statements are analysed.
- Principles of accounting — concepts and conventions, the accounting equation, and account types.
- Discount and credit rules, and the functions of sub-accounting.