Effective Accountant المحاسب الفعال

Description:

The today’s accountant works in an environment continuously changes. His role has been changed by globalisation, which has created a worldwide marketplace with a new level of competitiveness for every business, and improved and cheaper technology used in recording, processing and reporting of financial information.

This 5-day course examines the developing role of the accountant in business and encourages participants to address how they may make a contribution to the effective management of the business.

Goal:

To enhance the participant’s knowledge, skills, and abilities necessary to be an effective accountant

Objectives:

By the end of this course, the participant will be able to:

  • Understand the sources of information in the business

  • Examine how this information is organised, classified and presented

  • Utilise effective analytical tools to understand the business

  • Effectively participate in the management of his business

  • Critically review the financial and other management systems of his business

  • Understand how changes have impacted the role and effectiveness of the accountant in business

Outlines:

  • Accounting as an Information System
  • Sources of Information
  • Users of Financial Information
  • External and Internal Users
  • Information Flow in a Business
  • Quality of Information and Decision Making
  • Financial (External) and Management (Internal) Accounting
  • Financial Reporting
  • Internal and External Reporting
  • Income Statement and Profitability
  • Balance Sheet and Financial Strength
  • Cash Flow Statement
  • Understanding Financial Statements
  • Employing Other Financial Analysis Techniques
  • Interpreting Results and Making Comparisons Between Businesses
  • Management Reporting
  • The Emphasis on the Customer and the External Environment
  • Management Accounting and Reporting
  • Timing and Accuracy of Data Collection and Reporting
  • Benchmarking
  • The Balanced Scorecard
  • Product Costing
  • Cost Concepts: (Cost, Loss, waste, Expense, Expenditure…)
  • Cost Classification
  • Different Costs for Different Purposes
  • Different Costing Methods Used in Business
  • Absorption Costing
  • Standard Costing
  • Activity-Based Costing
  • Planning, Budgeting And Forecasting
  • Long and Short-Term Planning
  • Budgets for Managing Resources
  • Departmental Budget
  • Basic Forecasting Techniques
  • Comparing Actual Performance with the Budget