Advanced Financial Accounting

Program Goals

Enriching and developing the trainee’s experiences and refining his skills with the foundations and methods of using accounting tools according to generally accepted accounting standards.

At the end of the program, participants will be able to:

1. Identifying the objectives of accounting and its basic elements, the most important of which is the documentation of financial activities and operations,
2. Proving the rights of the transacting parties, measuring the institution’s activity and assisting in decision-making
3. Preparing accounts that reflect the activity of the institution and identifying the main accounts and sub-accounting them to the appropriate sub-accounts
4. Learn how to configure the double entry and the entry, receipt and exchange documents.
5. Possession of the basic skill of accounting skills
6. Preparing detailed statements of all main and subsidiary accounts with the trial balance.
7. The method of preparing the most important accounting statements, which is the income statement, which reveals gross profit and net profit
8. Closing restrictions and settlement procedures
9. Getting acquainted with the income statement and the statement of financial position and their contents.
10. Identifying the break-even point and when it can be reached.
11. Periodic inventory and perpetual inventory
12. Quantity discount and cash discount
13. Electronic billing
14. Learn about value-added tax and prepare the tax return

Evaluation Strategy

Worksheets are distributed with practical exercises to be solved at the beginning of the next day.

Also, the assessment is done through a multiple-choice question program for all trainees, and the assessment is immediate

There is also a pass test.

1. tribal calendar
2. Progressive calendar
3. Final calendar

Training Program Requirements and Equipment

1. Throwing platform.
2. Interactive program
3. Final pass test at the end of training

Course details

Introduction to financial accounting

1. Introduction to financial accounting

2. Objectives of financial accounting.
3. Familiarize yourself with the accounting terminology used
4. branches of financial accounting
5. Users and beneficiaries of accounting information
6. accounting principles

Accounting Foundations

1. Accounting assumptions according to GAAP standards
2. Learn about financial transactions.
3. Steps to analyze a financial transaction.
4. The concept of financial accounting in practice.
5. Types of financial operations and the difference between them.
6. Cash basis and accrual basis.
7. Stages of the accounting cycle.
8. Classification of accounts and their branches.

Accounting books

1. diary and its importance
2. Accounting documents with practical examples.
3. Daily restrictions and identify the debit and credit parties.
4. Forms and types of daily restrictions
5. Accounting documents with practical examples.
6. Daily restrictions and identify the debit and credit parties.
7. Forms and types of daily restrictions
8. Types of financial accounts according to accounting standards.
9. Ledger, deportation and balance of financial operations.

Accounting books

1. Practical example.
2. Errors in the ledger.
3. Depreciation and its types.
4. Read the financial statements.

Financial Statements

1. Trial balance and how to prepare it
2. What are the errors of the trial balance and what are the errors that do not appear in the trial balance?
3. Types of trial balance with a practical example.
4. Inventory adjustments, their types, nature, importance and the difference between them.
5. Locks restrictions and their concept with a practical example.
6. Preparing the income statement and its components with a practical example.
7. Preparing the statement of financial position and its components with practical examples.
8. Income statement for commercial and service establishments
9. Periodic inventory and perpetual inventory
10. Cash discount, quantity discount and trade discount

Specialized Accounting and VAT

1. Purchasing Accounting
2. Sales Accounting
3. Inventory Pricing Methods
4. Learn about value-added tax and its requirements.
5. Preparing the electronic invoice and its terms.

Preparing the tax return