MF133
Fundamentals of Accounting
أساسيات المحاسبة
LanguageLanguage: EN

Course Overview

This Introductory course in accounting for any accountant will provides an understanding of the basic principles of accounting as used in general business.
The areas covered will provide a basis for a proper understanding of accounting in the business environment as well as the public sector; coverage will include but not be limited to the accounting information system, comprehensive financial statements preparation and analysis.

Course Objective

  • Read and interpret financial statements
  • Analyse business performance
  • Contribute to cash and working capital management
  • Build budgets and Manage costs and budgets
  • Present business cases and utilise financing techniques to improve decision making

Who Should Attend??

  • All employees of financial and accounting departments and those responsible for the preparation of financial reports

Course Outline

The Basics

  • Accounting Terminology and Policies
  • Accounting as an information system
  • Basic cash flow statements

How To Interpret Accounts and Financial Statement Analysis

  • Preparing income statement & balance sheet
  • Financial and liquidity ratios
  • The cash conversion cycle
  • Accounting cycle
  • Registry books accounting.
  • Preparation of trial balance.
  • Preparation of financial statement
  • Income statement.

Planning for Profit

  • Understanding and working with costs
  • Plan for cost reduction and profit improvement
  • Fixed and variable costs income statement
  • Break-even analysis
  • Contribution margin
  • Standard Costing

Budgeting in Today’s Competitive Business

  • The Budgeting Process
  • The role of budgeting
  • Annual budgeting process
  • Identifying and resolving budgeting variances

Cash Flow & Investment Decisions

  • Capital budgeting
  • Weighted Average Cost of Capital

Training Methodology

  • Presentation & Slides
  • Audio Visual Aids
  • Interactive Discussion
  • Participatory Exercise
  • Action Learning
  • Class Activities
  • Case Studies
  • Workshops
  • Simulation