Executive Master in Strategic Finance and Business Leadership

Accounting Methods and Procedures – Best Practices in Financial Accounting and Reporting

Course ID:   2501195701001EGI

Course Dates :          19/01/25             Course Duration :   5   Studying Day/s   Course Location: Bahrain,   Bahrain

Language:  Bilingual


Course Category:          Professional and CPD Training Programs


Course Subcategories:   Finance and Accounting Mastery


Course Certified By:  * Projacs Academy


* Professional Training and CPD Programs


Certification Will Be Issued From :  KSA


Course Fees:      £2,906.43

Vat Not Included in the price. VAT may vary depending on the country where the course or workshop is held.

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Executive Master in Strategic Finance and Business Leadership

Course Information

Introduction

In today’s dynamic business environment, financial accounting and reporting play a crucial role in decision-making, ensuring compliance, and maintaining financial integrity.

This course, "Accounting Methods and Procedures – Best Practices in Financial Accounting and Reporting," provides participants with a comprehensive understanding of modern accounting practices, frameworks, and techniques to enhance financial accuracy and transparency.

The course focuses on best practices in financial accounting, offering insights into effective methods for preparing, presenting, and analyzing financial statements.

It emphasizes compliance with international standards, ethical accounting, and the application of financial data for strategic planning.

With a practical approach, this program equips participants with tools and knowledge to streamline accounting processes, minimize errors, and adapt to regulatory changes.

This course provides a hands-on approach to mastering accounting methods and procedures, equipping participants with the skills needed to excel in financial reporting and analysis.

By implementing the best practices covered in this program, professionals can drive financial excellence, ensure compliance, and contribute strategically to their organizations.

Objectives

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

Understand key financial accounting principles and frameworks, including IFRS and GAAP.
Apply best practices in financial reporting to ensure accuracy and compliance.
Develop skills to analyze and interpret financial statements effectively.
Identify and implement efficient accounting methods to optimize financial processes.
Recognize the ethical considerations and challenges in financial accounting.
Improve decision-making through the use of financial data and reporting tools.

Who Should Attend?

This course is designed for professionals involved in financial management and reporting, including:

Finance Managers and Officers
Accountants and Auditors
Financial Analysts
Corporate Controllers
Business Owners and Entrepreneurs
Professionals preparing for leadership roles in finance

Training Method

• Pre-assessment
• Live group instruction
• Use of real-world examples, case studies and exercises
• Interactive participation and discussion
• Power point presentation, LCD and flip chart
• Group activities and tests
• Each participant receives a 7” Tablet containing a copy of the presentation, slides and handouts
• Post-assessment

Program Support

This program is supported by:
* Interactive discussions
* Role-play
* Case studies and highlight the techniques available to the participants.

Daily Agenda

The course agenda will be as follows:
• Technical Session 08.30-10.00 am
• Coffee Break 10.00-10.15 am
• Technical Session 10.15-12.15 noon
• Coffee Break 12.15-12.45 pm
• Technical Session 12.45-02.30 pm
• Course Ends 02.30 pm

Course Outlines

Week 1
Day 1: Fundamentals of Financial Accounting

Overview of financial accounting principles and frameworks (IFRS, GAAP).
The accounting cycle: From journal entries to financial statements.
Understanding and preparing the balance sheet, income statement, and cash flow statement.
Key concepts: Accrual accounting, double-entry bookkeeping, and matching principles.

Day 2: Best Practices in Financial Reporting

Preparing high-quality financial statements: Accuracy and transparency.
Complying with international reporting standards.
Role of technology and software in financial reporting.
Identifying and rectifying common reporting errors.

Day 3: Financial Analysis and Interpretation

Ratio analysis: Liquidity, profitability, and efficiency ratios.
Trend analysis and comparative financial statement analysis.
Evaluating financial health for decision-making.
Case studies: Analyzing real-world financial statements.

Day 4: Advanced Accounting Methods and Procedures

Handling complex accounting scenarios (e.g., mergers, consolidations).
Accounting for assets, liabilities, and equity in modern businesses.
Revenue recognition and expense management best practices.
Ethical accounting: Identifying and mitigating risks of financial fraud.

Day 5: Financial Reporting for Strategic Decision-Making

Leveraging financial data for business strategy and growth.
Budgeting, forecasting, and financial planning techniques.
Ensuring compliance with regulatory updates and changes.
Developing a roadmap for continuous improvement in accounting practices.