Financial Planning and Budgeting
What Will I Benefit?
You will develop your knowledge of the basic principles of financial accounting and the procedure of documenting, recording financial transactions.
Course Objectives
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At the end of this course, the participants should be able to:
- Define financial accounting and describe its basic characteristics
- Identify the double entry system
- Analyze financial transactions
- Make accounting entries for financial transactions
- Prepare income statement and financial statement.
Target Audience
All employees working in the accounting and the financial sector, as well as financial supervisors and controllers
Course Outline
5
5
Topics
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Financial Accounting Assumptions and Principles
- Accounting definition
- Accounting assumptions
- Accounting principles
- Accounting conventions
- Accounting Definitions and Terminologies
- Balance Sheet and Income Statements Equations
- The Accounting System
- The accounting cycle
- Recording transactions
- Posting journal entries
- Balancing ledger accounts
- Preparation of trial balance
- Adjustments
- Adjusting entries for:
- Prepayments,
- Accruals
- Deferrals
- Closing revenues and expense accounts
- The Income Statement and Change in equity
- Income statement items
- Single step income statement
- Multi steps income statement
- Extra-ordinary gains and losses
- Change in equity statement
- The Balance Sheet
- Balance sheet limitations
- Balance sheet items classifications
- Attached Additional information
5
5
Target Competencies
- The Accounting Cycle
- Making Accounting Entries
- Making Adjustment Transactions
- Closing Accounts
- Income Statement Preparation
- Preparing Balance sheet Statement.
5
5
Course Methodology
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This training course will be carried out through the use of best practices and the right combination of engaging and purposeful tools such as:
- Case studies and practical exercises
- Workshops and group activities
- Interactive discussions
- Brainstorming
- Energizing team competitions
- Presentations
- Learning games
Financial Accounting - Level One (Virtual)
4400 SAR
5 Days
Course Dates & Locations
*Prices do not include value added tax.
For more information, do not hesitate to contact us
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