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Al Jonah 10-day Mini MBA in Finance and Accounting

Description:

This program is designed for people who desire to work in financial departments in

different firms, all people who engaged in accounting work. Moreover, all employees

in different managerial levels in firms who are interested in developing their skills

related to finance and accounting systems.

Program Objectives:

This program aims to facilitate participants’ knowledge and skills to understand all

rules and procedures related to finance and accounting. This includes accounting

concepts, procedures and treatment of firm transactions that affect assets, liabilities,

owners’ equity, revenues and expenses. Furthermore, the program helps

participants not only in preparing and interpreting basic financial statements but

also in financial analysis. The program highlights the principles of cost accounting

and cost measurement in manufacturing firms.

Program Outlines:

This program consists of four main parts as follow:

Part I: Introduction to Financial accounting

Terminology and concepts of financial accounting system

What are accounting system outputs?

Financial accounting objectives

Accounting equation and the effect different transactions

Financial accounting procedures

Types of firm transactions

Accounting treatment of specific transactions

Preparing income statement and balance sheet of a merchandising firm

Cases and exercises

Part II: Financial Statements preparation

Basic Financial Statements

Key elements of financial statements

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Financial Statements role

Accounting principles govern financial statements preparation

Presentation and Disclosure requirements according to Saudi Accounting

Standards:

- Basic requirements

- Presentation of information on Balance sheet

- Presentation of information on Income statement

- Presentation of information on Cash flows statement

- Presentation of information about changes in owners’ equity

First: The Balance Sheet:

1. Long Term Assets:

Types of long term assets

Acquiring and disposing of long term assets

Depreciation of long term assets

Accounting for intangible assets

Cases and exercises

2. Inventory

Categories of Inventory in different firms

Assumptions of cost flows

Inventory control

Inventory valuation

Inventory costing for financial statements

Cases and exercises

3. Investments

Types of investments in financial securities

Measurement and recording financial securities transactions

Presentation of financial securities

Cases and exercises

4. counts receivable (debtors)

Types of accounts receivable

Accounts receivable adjustment and reconciliation

Presenting accounts receivables in financial statements

Cases and Exercises

5. Cash and Bank account

Cash and accounting treatment

Internal control and cash

Cash counting

Miscellaneous expenditure

Bank account and reconciliation statement

Cases and Exercises

6. Liabilities and owners equity: measurement and disclosure

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Liability and liabilities classification

Bonds: Types and accounting treatment

Owner’s equity in different firms

Items affecting owners’ equity

Presentation of liabilities and owners’ equity

Cases and exercises

Second: Income statement

Accounting principles govern income measurement

Income concepts and measurement methods

Income statements presentation

Earnings per share EPS

Cases and exercises

Third: Cash flows statement

Cash and cash equivalent

Preparation of cash flows statement

Analysis of cash flows statement

Foreign currency cash flows

Cash flows statement, liquidity and financial flexibility

Cases and exercises

Part III: Financial Statement Analysis

Financial management and its objectives

Financial planning and control

Ratio analysis

Financial analysis: importance and users

Financial ratio types

Cash budget

Cases and exercises

Part IV: Cost Accounting

Cost accounting and its objectives

Cost Classifications

Costing approaches

Cost systems pillars

Costing systems

Cases and exercises