Modern Accounting

Overview

This program assumes basic knowledge of Accounting & Finance as would be taught in an introductory course by providing participants with a deeper understanding of accounting concepts and to be aware of basic component in Financial Statements (Balance Sheet, Income Statement, Cash flow & finally Changes of owner equity) & taught in an interactive workshop, so that all attendees will be familiar with different financial evaluation tools & techniques ( NPV, IRR …etc.) related to capital budgeting. In addition, participants will learn how to use their resources effectively & efficiency to maximize their or shareholder wealth in addition to how you can deal with auditor effectively.
All of which will be experienced through various games, group activities, scenarios and story-based narrative.

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Outcome

Recognize the basic component in Financial Statements (Balance Sheet, Income Statement, Cash flow & finally Changes of owner equity.

Measure the financial position on any company under different types of industries and determine the strength and weakness factors that could affect company performance Using Excel to be more practical and interactive as well.

Understand how firms finance, invest and manage themselves in the `real world'. We typically assume that financial markets are perfect. In practice, firms face a variety of market imperfections.

Provide attendees with means to take appropriate financial decision to maximize Shareholder wealth within budget constraints.

Attendees will get the experience and the exposure of Capital budget Evaluation techniques in order to get the scenes of feasibility study.

Details

Developed by: Beacon FinTrain
Standard Total Hours: 18 Hrs
Language: English - Bilingual "English & Arabic"
Modalities: 
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Outline

  • Difference between Finance and Accounting
  • Basic Accounting Concepts
  • Accounting equation
  • Purpose of Financial statements
  • The Balance Sheet
  • Income statement
  • Cash-Flow Statements.
  • Statement of owner equity
  • Preparing simple financial statements
  • Case Study: Preparing simplified financial statement.

  • Identify the different types of receivables
  • Explain how accounts receivable are recognized in the accounts
  • Describe the methods used to account for bad debts.
  • Compute the interest on notes receivable
  • Describe the entries to record the disposition of notes receivable
  • Explain the statement presentation of receivables
  • Describe the principles of sound accounts receivable management
  • Identify ratios to analyze a company's receivables
  • Describe methods to accelerate the receipt of cash from receivables.

  • What is financial audit?
  • What is management’s responsibility Vs auditor’s responsibility;
  • The role of the external auditor;
  • Types of auditing reports issued by external auditor.

  • The need for ratio analysis of external financial statements
  • Strengths and weaknesses of ratio analysis
  • Major ratios commonly used
  • Case Study: Ratio Analysis: Calculation
  • Cash Conversion Cycle.

  • Free Cash Flow
  • Introducing the concept of Free Cash Flow
  • Calculation of Free Cash Flow
  • Basic Valuation Concepts & techniques
  • Time value of money
  • Discounting FCF
  • Net present value (NPV)
  • Cost of capital. (WACC)
  • Cash Flow based valuation
  • Internal Rate of return (IRR)
  • Payback period & discounting Payback period
  • Profitability Index, Cost Benefit Ration.

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Who Should Attend

  • All finance & Accounting Staff
  • Middle Management & Top Management as well Specially on 3rd day

Why Beacon

Quality

Beacon FinTrain prioritizes excellence in every service, ensuring top-notch, reliable, and consistent outcomes that meet and exceed client expectations.

Specialization

We focus on finance, offering expert knowledge and bespoke solutions that cater to the unique needs of finance professionals in the Middle East and Africa.

Punctuality

Time is money. We respect deadlines, delivering precise and timely results to help our clients stay ahead in the fast-paced financial world.

Guidance

Beacon FinTrain is a guiding light in finance, providing insightful advice and support to navigate the complexities of financial markets and regulations.

Integrity

We uphold the highest ethical standards, fostering trust and transparency in all our dealings to build lasting relationships with clients.

Flexibility

Adapting to the dynamic finance sector, we offer versatile services and solutions that align with the evolving needs of our clients.