Overview

This workshop will take the participants through a learning journey where they will be exposed to the modern accounting principles and have the knowledge of the challenges of construction entities in light of modern accounting standards.
Participants will gain a depth knowledge of the conceptual framework, financial statement, Cash & Accounts Receivable, and inventory, etc…

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Outcome

Recognize the conceptual framework, financial statements, and the ability to inventory lists


Understand the components of fixed assets, investments, and Stockholders' equity


Be familiar with the requirements of new Egyptian Accounting no.48 " Revenue from contracts with customers" and its effect on construction sector


Understanding the requirements of New Egyptian Accounting Standards No.49 " Leases" and its effect on construction sector


Understand the estimated cost of long-term contracts

Details

Developed by: Beacon FinTrain

Standard Total Hours: 30 Hrs

Language: English - Bilingual "English & Arabic"

Modalities: 
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Outline

  • The need for and development of conceptual framework
  • Development of conceptual framework
  • Assumptions, Principles and Financial Statements Limitations
  • Principles
  • Limitations of financial reporting

  • Statements of financial position
  • Income statement
  • Statement of Cash flows

  • Cash & Cash Equivalents
  • Receivables

  • Ownership of goods.
  • Cost (acquisition cost)
  • Cost flow assumption
  • Inventory year end physical count
  • Inventory Valuation
  • Inventory Estimation
  • Loss on Purchase Commitments

  • Fixed Assets
  • Intangible Assets

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Who Should Attend

  • Cost Controllers
  • Chief accountants
  • Head section Seniors

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.