Course Fee
1500
Class Duration
20 Hours
Sessions
10
No of Weeks
5 Weeks
Course Calendar
External financial
reporting decisions
Timing:Feb 1st (9AM to 6PM) Feb 2nd (9AM to 6PM)
Course Fees: AED 2500
Enquire NowPlanning, budgeting
and forecasting
Timing:Feb 1st (9AM to 6PM) Feb 2nd (9AM to 6PM)
Course Fees: AED 2500
Enquire NowPerformance
management
Timing:Feb 1st (9AM to 6PM) Feb 2nd (9AM to 6PM)
Course Fees: AED 2500
Enquire NowInternal
controls
Timing:Feb 1st (9AM to 6PM) Feb 2nd (9AM to 6PM)
Course Fees: AED 2500
Enquire NowOverview
What I will Learn!
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Requirements
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Description
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Enquire Now
Course Syllabus
Topic 1: Financial Statements
a) Income Statement
b) Balance Sheet
c) Statement of Cash Flows
d) Limitations of Financial Statements
e) Footnotes/Disclosures to Financial Statements
f) Users of Financial Statements
Topic 2: Recognition, Measurement, Valuation and Disclosure
a) Fair Value Standards and Measurements
b) Accounts Receivable
c) Inventory
d) Investments
e) Intangibles
f) Deferred Income Taxes
g) Leases
h) Equity Transactions
i) Revenue Recognition
j) Gains and Losses
k) Expense Recognition
l) Comprehensive Income
m) Discontinued Operations
n) Extraordinary Items
o)Differences in Financial Results: IFRS vs GAAP
Topic 1: Strategic Planning
a) Strategy and Strategic Planning
b) Analysis of External Factors Affecting Strategy
c) Analysis of Internal Factors Affecting Strategy
d) SWOT Analysis
e) Long-Term Vision, Mission, Goals and Objectives
f) Alignment of Tactics with Long-Term Strategic Goals
g) Characteristics of Successful Strategis/Tactical Planning
h) Contingency Planning
i) Other Planning Tools and Techniques
Topic 2: Budgeting Concepts
a) Fundamentals: Terminology, Budget Cycle and Reasons for Budgeting
b) Operations and Performance Goals
c) Characteristics of Successful Budgeting & Budget Process
d) Resource Allocation
Topic 3: Forecasting Techniques
a) Quantitative Methods
b) Regression Analysis
c) Linear Curve Analysis
d) Expected Value
Topic 4: Budgeting Methodologies
a) Annual/Master Budget
b) Project Budgeting
c) Activity Based Budgeting
d) Incremental Budgeting
e) Zero-Based Budgeting
f) Continuous (Rolling) Budgets
g) Flexible Budgeting
Topic 5: Annual Profit Plan and Supporting Schedules
a) Master Budget
b) Operating Budget
c) Financial Budgets
d) Relationship Among Cash Budget, Capital Expenditure Budget and Pro Forma Financial Statements
Topic 6: Top-Level Planning Analysis
a) Pro Forma Financial Statements and Budgets
b) Creating a Pro Forma Income Statement with the Percentage of Sales Method
c) Assessing Anticipated Performance Using Pro Forma Financial Statements
d) Performing Sensitivity Analysis
Topic 1: Cost and Variance Measures
a) Bounce Sporting Goods Illustration
b) Standard Cost System
c) Management by Exception
d) Flexible Budget
e) Direct labor Variances
f) Direct Materials Variances
g) Variable Overhead Variances
h) Fixed Overhead Variances
i) Multiple Products and Sales Mix Variance
j) Mix Variance when Raw Materials are Substitutable
k) Variance Analysis in Non Manufacturing Organizations
l) Importance of Industry Knowledge
Topic 2: Responsibility Centers and Reporting Segments
a) Types of Responsibility Centers
b) Contribution and Segment Reporting
c) Transfer Pricing Models
d) Reporting of Organizational Segments
Topic 3: Performance Measures
a) Product Profitability Analysis
b) Business Unit Profitability Analysis
c) Customer Profitability Analysis
d) Return on Investment
e) Residual Income
f) Balanced ScoreCard
g) Performance Measures and Reporting Mechanisms
Topic 1: Measurement Concepts
a) Actual, Normal, and Standard Costing
b) Cost Behaviour and Cost Objects
c) Cost Drivers
d) Absorption (Full) and Variable (Direct) Costing
e) Joint Product and By-Product Costing
f) Market-Based Methods of Allocating Joint Costs to Joint Products
g) Physical Measure
h) Absorption Versus Full Costing
Topic 2: Costing Systems
a) Cost Flows in a Manufacturing Organization
b) Job Order vs Process Costing
c) Life Cycle Costing
d) Other Costing Methods
Topic 3: Overhead Costs
a) Fixed and Variable Overhead Expenses
b) Plant-Wide, Departmental, and Activity-Based Overhead Costing
c) Allocation of Service Department Costs
Topic 4: Supply Chain Management
a) Supply Chain Management
b) Lean Manufacturing
c) Materials Requirement Planning
d) Just-in-Time Manufacturing
e) Enterprise Resource Planning
f) Outsourcing
g) Theory of Constraints
h) Capacity Concepts
Topic 5: Business Process Improvement
a) Value Chain Analysis
b) Value-Added Concepts and Quality
c) Process Analysis
d) Benchmarking
e) Activity-Based Management
f) Continuous Improvement (Kaizen) Concepts
g) Best Practice Analysis
h) Costs of Quality Analysis
i) Business Process Improvement in Accounting Operations
Topic 1: Governance, Risk and Compliance
a) What is Internal Control?
b) 17 Principles of Internal Control
c) Enterprise Risk Management Policies and Procedures
d) The COSO Control Components: Designing Controls to Address Risks
e) A Key Control and Goal: Safeguarding Assets
f) Internal COntrol Monitoring Purpose and Terminology
g) Audit Risk
h) External Auditor’s Responsibilities
i) Corporate Governance and Responsibility
Topic 2: Internal Auditing
a) Internal Audit Definition, Function and Scope
b) Internal Control Objectives, Components and Tests
c) Internal Audit Plans
d) Internal Control Breakdowns and Risks
e) Internal Audit Types and Objectives
f) Roles and Responsibilities of the Chief Audit Executive
g) Reporting Relationship of the Chief Audit Executive
Topic 3: Systems Control and Security Measures
a) General Information Systems Controls
b) Network, Hardware and Facility Controls
c) Business Continuity Planning
d) Accounting Controls
e) Flowcharting to Assess Controls