Develop your accounting skills even further with this personal KHDA-certified professional development program.

This private 12-hour course (6 sessions x 2 hours) is designed to enable students to understand the financial reporting standard, apply financial accounting and reporting requirements for higher management and other bodies for the purpose of external reporting and related issues.

Course Content:

• Part 1: Welcome to the World of Accounting

  • Accounting Information

  • The Accounting Profession and Careers

  • The Fundamental Accounting Equation

  • How Transactions Impact the Accounting Equation

  • The Core Financial Statements

• Part 2: Information Processing

  • Computerized Processing Systems

• Part 3: Income Measurement

  • “Measurement Triggering” Transactions and Events

  • The Periodicity Assumption

  • Inventory valuation (FIFO, LIFO Average)

  • Accounting for Depreciation

  • Basic Elements of Revenue Recognition

  • Basic Elements of Expense Recognition

  • The Adjusting Process and Related Entries

  • Accrual- Versus Cash-Basis Accounting

  • Accounting – Versus Economic Versus Law

• Part 4: The Reporting Cycle

  • Preparing Financial Statements

  • The Accounting Cycle and Closing Process

  • Reversing Entries

  • Classified Balance Sheets

  • Cash Flow Statement as per IFRS