Advanced Financial Accounting

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

1. Determine the appropriate accounting method required under various share ownership scenarios.
2. Determine Goodwill and prepare a consolidated balance sheet at the date of acquisition for business combinations.
3. Translate the financial statements of a foreign subsidiary using the appropriate method.
4. Prepare consolidated financial statements.
5. Prepare journal entries to record foreign currency transactions including hedges.
6. Differentiate between not-for-profit and for-profit accounting.

• 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.

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

• A course pack containing the information presented on the day.
• A certificate of attendance.
• Complimentary refreshments and snacks provided.

• 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.