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

• Define accounting and the accounting cycle
• Identify the major rules and principles of accounting under the International Financial Reporting Standards (IFRS)
• Demonstrate knowledge of the basic accounting equation, double-entry bookkeeping, and the new automated accounting systems
• List the key financial statements (balance sheet, income statement, changes in shareholders’ equity and cash flow statement) and their components
• Practice financial statements’ adjustments at month and year-end

New stuff, and staff from any function including the accounting department who need to improve understanding and application and techniques of the language of numbers.

• Introducing accounting andfinancial statements
• Definition of accounting
• Users of accounting information
• Basic financial statements
• The corporation defined
• Defining the balance sheet
• Assets
• Liabilities
• Presentation of accounting information by different business entities
• The accounting equation
• Traditional double-entry bookkeeping
• Your asset is his liability
• The chart of accounts
• Defining the income statement
• Defining revenue and its recognition
• Cash flow statement

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