Overview

Accounting is applied mainly according to two different methods: cash basis accounting and accrual. The various approved accounting methodologies constitute only modified methodologies for these two foundations which determine the recorded financial operations and the time of registration.However, it may be necessary to convert to the accrual basis of accounting, perhaps to have the company's books audited in preparation for its sale, or to go public, or to obtain a loan. The accrual basis is used to record revenues and expenses in the period when they are earned, irrespective of actual cash flows.In this course, you will learn the exact method of shifting towards an accrual system, and you will master the accounting operations associated with the transformation processز

Course Objective

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

• Train participants to use cash basis rather than accrual
• Review basic information included in the balance sheet, income statement, and related financial disclosures.
• Learn how to submit a cash flow statement.
• Review the key concepts that include the time value of money
• Focus on revenue recognition, including discussion of the new revenue standard.
• Understanding the general approach to revenue recognition, and the specific issues affecting revenue recognition including long-term construction contracts.
• Discuss the use of common ratios in profitability analysis

Certificates and Associations

• KHDA - Accreditation of the Knowledge Authority - Dubai: All of our courses are accredited by the Knowledge and Human Development Authority in the United Arab Emirates
• Bristol Academy: All our courses are accredited by Bristol Academy - Kuala Lumpur
• LMGO: All of our courses are accredited by the Institute of Leadership and Management - Switzerland
• Global Innovation Institute - GInI: The center is accredited to offer all specialized innovation courses from Global Innovation Institute in America