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Financial Accounting and Management Accounting (London)
Training
In Kuwait City ()
Description
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Type
Training
-
Level
Advanced
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Class hours
180h
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Duration
30 Days
Suitable for: This course is specifically designed for: Managers with direct financial responsibilities. Cost and management accountant. Financial Planner and Costs Analysts. Financial and Budget Controller. Executives who need to evaluate plans for approval and variance reports for corrective action. Mangers who need to improve their skills in constructing and controlling their budget. Anyone from non-financial disciplines who needs to evaluate proposed business expenditure decisions
About this course
Degree or Work Experience
Reviews
Subjects
- Business Strategy
- Business Process
- Management
- Decision Making
- Budgeting
- Financial Reporting
- Financial Accounting
- Cash Flow
- Transactions
- Capital Budgeting
- Balance Sheet
- Accounting
- IT
- Approach
- Performance
- Quality
- Illustration
- Materials
- Accounting MBA
- Financial
- Quality Training
- Management Accounting
- Financial Training
- IT Management
- Financial statements
- Total Quality Management
- Ratio Analysis
- Dividends
- Breakeven Analysis
- Value Chain Analysis
- The Working Capital Cycle
- Liabilities for Taxation
- Ownership Interest
- Performance Analysis
- Job Costing
- Process Costing
- Preparing a Budget
- Business Process Re-Engineering
- Just-In-Time Approach
Teachers and trainers (1)
To Be Assigned
Consultant, HRODC Postgraduate Training Institute
Course programme
Course Contents, Concepts and Issues:
A Conceptual Framework: Setting the Scene
Who needs accounting?
- Introduction
- The Development of a Conceptual Framework
- The Statement of Principles
- Types of Business Entity
- Users and Their Information Needs
- General Purpose or Specific Purpose Financial Statements?
- Stewards and Agents
- Who Needs Financial Statements?
A Systematic Approach to Financial Reporting: The Accounting Equation
- Introduction
- The Accounting Equation
- Defining Assets
- Examples of Assets
- Recognition of Assets
- Defining Liabilities
- Examples of Liabilities
- Recognition of Liabilities
- Defining the Ownership Interest
- Recognition
- Changes in the Ownership Interest
- Assurance for Users of Financial Statements
Financial Statements from the Accounting Equation
- Introduction
- The Accounting Period
- The Balance Sheet
- The Profit and Loss Account
- The Cash Flow Statement
- Usefulness of Financial Statements
Ensuring the Quality of Financial Statements
- Introduction
- Qualitative Characteristics of Financial Statements
- Measurement in Financial Statements
- Views on Prudence
- Regulation of Financial Reporting
- Reviewing Published Financial Statements
Reporting the Transaction of a Business
Accounting Information for Service Businesses
- Introduction
- Analysing Transactions Using the Accounting Equation
- Illustration of Accounting for a Service Business
- A Process for Summarizing the Transactions: A Spreadsheet
- Financial Statements as a Means of Communication
Accounting Information for Trading Businesses
- Introduction
- Goods Purchased For Resale
- Manufacturing Goods for Resale
- Illustration of Accounting for a Trading Business
- A Process for Summarising the Transactions: A Spreadsheet
- Financial Statements of Steven Jones, Wholesaler
Recognition in Financial Statements
Published Financial Statements
- Introduction
- International Influences
- The Statement of Principles
- Balance Sheet
- Profit and Loss Account
- Cash Flow Statement
- Group Structure of Companies
- Group Financial Statements
- Beyond The Annual Report
Fixed Assets
- Introduction
- Definitions
- Recognition
- Users' Needs for Information
- Information Provided In the Financial Statements
- Usefulness of Published Information
- Depreciation: An Explanation of Its Nature
- Reporting Fixed Assets and Depreciation in Financial Statements
Current Assets
- Introduction
- Definitions
- The Working Capital Cycle
- Recognition
- Users' Needs for Information
- Information Provided In the Financial Statements
- Measurement and Recording
- Stocks of Raw Materials and Finished Goods
- Debtors Prepayments
- Revenue Recognition
Liabilities Due Within One Year
- Introduction
- Definitions
- Recognition
- Users' Needs for Information
- Information Provided In the Financial Statements
- Measurement and Recording
- Accruals and the Matching Concept
- Liabilities for Taxation
Provisions and Long-Term Liabilities
- Introduction
- Users' Needs for Information
- Information Provided In the Financial Statements
- Provisions for Liabilities and Charges
- Deferred Income
- Long-Term Liabilities
Ownership Interest
- Introduction
- Definition and Recognition
- Presentation of Ownership Interest
- Additional Primary Financial Statements
- Users' Needs for Information
- Information Provided In the Financial Statements
- Dividends
- Issue of Further Shares on the Stock Exchange
Performance Analysis
Ratio Analysis
- Introduction
- Systematic Approach to Ratio Analysis
- Investors' Views on Risk and Return
- Pyramid of Ratios
- Use and Limitations of Ratio Analysis
- Worked Example of Ratio Analysis
Analysis of Corporate Performance
- Introduction
- Operating and Financial Review
- Other Guidance in Analysis
- Linking Ratios to the Cash Flow Statement
- Segmental Information
Current Developments
Developing Issues in Financial Reporting
- Introduction
- International Harmonization and Convergence
- Dynamic Nature of the True and Fair View
- Measurement of Value
- Off-Balance-Sheet Finance
- Related Parties
- Social and Environmental Disclosures
- The Reporting Cycle
- Summary Financial Statements
- Corporate Governance
- Financial Reporting Review Panel
- How Valid Is the Stakeholder Model?
MANAGEMENT ACCOUNTING
Setting the Scene and Defining the Basic Tools of Management Accounting
Functions of Management Accounting
- Introduction
- Meeting the Needs of Internal Users
- Management Functions
- Role of Management Accounting
- Judgments and Decisions: Case Study Illustrations
- Terminology of Management Accounting
Classification of Costs
- Definition of a Cost
- The Need for Cost Classification
- The Meaning of 'Activity'
- Variable Costs and Fixed Costs
- Direct Costs and Indirect Costs
- Product Costs and Period Costs
- Cost Classification for Planning, Decision-Making and Control
- Cost Coding
- Cost Selection and Reporting
Product Costs: Materials, Labour and Overheads
- Introduction
- Accounting for Materials Costs
- Accounting for Labour Costs
- Production Overheads: Traditional Approach
- Production Overheads: Activity-Based Costing (ABC)
- Comparing Traditional Approach and ABC
Product Costs and Stock Valuation
Job Costing
- Introduction
- Job Cost Records: An Illustration
- Job Costing: Applying the Accounting Equation to Transactions
- Absorption Costing and Variable Costing
- Moving Forward
Process Costing
- Introduction
- Allocation of Costs to Products in a Process Industry
- Joint Product Costs and By-Products
- Decisions on Joint Products: Sell or Process Further
Decision-Making
Breakeven Analysis and Short-Term Decision Making
- Introduction
- Cost Behaviour: Fixed and Variable Costs
- Breakeven Analysis
- Using Breakeven Analysis
- Limitations of Breakeven Analysis
- Applications of Contribution Analysis
- Short-Term Decision-Making
- Pricing Decisions
Planning and Control
Preparing a Budget
- Purpose and Nature of a Budget System
- Administration of the Budgetary Process
- The Benefits of Budgeting
- Problems of Budgeting
- Public Service Organisations
- Practical Example - Development of a Budget
- Shorter Budget Periods
Standard Costs
- Purpose of Using Standard Costs
- The Level of Output to Be Used In Setting Standards
- The Control Process
- Direct Materials Cost Variance
- Direct Labour Cost Variance
- Variable Overhead Cost Variance
- Fixed Overhead Expenditure Variance
- Case Study: Lincoln Ltd
- Investigating Variances
- Flexible Budgets and Variance Analysis
- Case Study: Jerald Ltd
- Is Variance Analysis, Based On Standard Costs, A Useful Exercise?
- A Broader View of Applications of Variance Analysis
Performance Evaluation and Feedback Reporting
- Introduction
- Preparing Performance Reports
- Performance Evaluation
- Benchmarking
- Non-Financial Performance Measures
- The Balanced Scorecard
- Management Use of Performance Measurement
Capital Budgeting and Business Strategy
Capital Budgeting
- Purpose of Capital Budgeting
- Payback Method
- Accounting Rate of Return
- Net Present Value Method
- Internal Rate of Return
- Mutually Exclusive Projects
- Which Methods Are Used In Practice?
- Control of Investment Projects: Authorisation and Review
- Advanced Manufacturing Technologies
Business Strategy and Management Accounting
- Introduction
- Strategic Management Accounting
- The Just-In-Time Approach
- Value Chain Analysis
- Total Quality Management and Cost of Quality
- Business Process Re-Engineering
- E-Business and E-Commerce
Additional information
Financial Accounting and Management Accounting (London)