Many non-accountants wonder why they need to take accounting courses, especially when faced with challenging exams. However, today, a basic understanding of accounting is essential for everyone, regardless of their profession. The primary reason is that effective communication among various specialists requires a common language, which, in the business world, is the language of money—essentially, the accountants’ language. By using this common language, all business activities can be translated into financial terms, allowing for uniform reporting across departments. Therefore, if you want to understand what’s happening in other areas of your organization, speaking the language of accounting will make it much easier. The British Academy for Training and Development offers valuable courses in accounting to help professionals gain this essential knowledge.

Who Should Attend?

• Managers and supervisors.
• Employees from any function including the accounting department who need to improve their understanding, application and techniques of the language of numbers.

Knowledge and Benefits:

After completing the program, participants will be able to master the following:

• Defining accounting and the accounting cycle.
• Main rules and principles of accounting under International Financial Reporting Standards (IFRS).
• Knowledge of the basic accounting equation, double-entry bookkeeping, and new automated accounting systems.
• Main financial statements (balance sheet, income statement, changes in shareholders' equity and cash flow statement) and their components.
• Adjustments to financial statements at the month and end of the year.

• Definition of accounting and finance
  • Difference between accounting and finance
  • Importance of accounting in business
• Basic concepts
  • Assets, liabilities, equity
  • Revenues and expenses
• Types of financial statements
  • Balance sheet
  • Income statement
  • Cash flow statement
• Reading financial statements
  • How to analyze financial statements and understand the information provided
  • Importance of financial statements in decision making
• Daily records and accounting
  • The concept of accounting entries
  • How to record daily transactions
• Preparing financial reports
  • How to prepare a comprehensive financial report.
  • The importance of periodic reports.
• Payments and receipts
  • Cash management and cash flows
  • The importance of tracking payments and receipts
• Budgeting
  • How to develop an effective budget
  • Analysis of differences between the actual budget and the planned budget
• Financial planning
  • The importance of financial planning in achieving goals
  • Financial planning tools
• Financial indicators
  • Definition of the most important financial indicators such as return on investment, debt to equity ratio
  • How to use these indicators in evaluating financial performance
• Digital accounting
  • The role of technology and artificial intelligence in accounting.
  • Modern applications in accounting.
• The future in the world of accounting
  • Future trends in accounting and finance.
  • How businesses adapt to change.