Al Jonah Training Center Copyright 2012

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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

Al Jonah Training Center Copyright 2012
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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

Al Jonah Training Center Copyright 2012
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Liability and liabilities classification
Bonds: Types and accounting treatment
Owners 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