Course overview
This course covers more advanced topics in Financial Accounting including consolidation accounting, foreign currency transactions, translation of foreign-currency-denominated financial statements and not-for-profit accounting.
What will you learn?
Upon successful completion of this course, the student will have reliably demonstrated the ability to
- Determine the appropriate accounting method required under various share ownership scenarios.
- Determine Goodwill and prepare a consolidated balance sheet at the date of acquisition for business combinations.
- Translate the financial statements of a foreign subsidiary using the appropriate method.
- Prepare consolidated financial statements.
- Prepare journal entries to record foreign currency transactions including hedges.
- Differentiate between not-for-profit and for-profit accounting.
Course Content
- Accounting methods – strategic vs non-strategic percentage ownership.
- Business combinations.
- Purchase of net assets.
- Purchase of shares.
- Consolidated financial statements.
- At the date of acquisition, one year after acquisition and subsequent years.
- Foreign currency transactions.
- Currency Hedges.
- Translation of foreign-denominated financial statements.
- Not-for-profit accounting.
Who should attend?
The course will help all accounts of people and is ideal for those who work in:
- The purchase ledger/accounts payable functions of an accounts department
- The sales ledger/accounts receivable functions of an accounts department
- The nominal ledger/general ledger functions of an accounts department
Extra benefits
- A course pack containing the information presented on the day.
- A certificate of attendance.
- Complimentary refreshments and snacks provided.
Training Details
- Training Days: 5 days.
- Training Timing: 4:00 PM-9:00 PM.
- Training Language: 50% English 50% Arabic.
- Material Language: English.
- Training Venue: Fully equipped training facility in a hotel.
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