Accounting is the language of business. By attending this course you will learn the fundamentals of accounting, reading and analysing financial statements. You will also appreciate the relationship between accounting and finance and understand the use of debits and credits. Finally, this course will help you to record financial transactions accurately and summarize them in financial statements.

Who can do?

• Jurists and their employees
• Tax specialists and their employees
• Lawyers and their employees
• Notaries and their employees
• Internal auditors
• Finance Controllers
• Beginners in accounting, accounting assistants and fiduciary staff willing to expand their knowledge of some specific accounting points.

Course Objectives

By the end of the course, participants will be able to:
• Define accounting and the accounting cycle
• Identify the major rules and principles of accounting under the International Financial Reporting Standards (IFRS)
• Demonstrate knowledge of the basic accounting equation, double-entry bookkeeping, and the new automated accounting systems
• List the key financial statements (balance sheet, income statement, changes in shareholders’ equity and cash flow statement) and their components
• Practice financial statements’ adjustments at month and year-end

Course Outline

•Accounting and the business environment
• Understanding and applying the accounting equation
• Concepts and conventions of assets, liabilities and owners’ equity
• Role of books of accounts
• Recording financial information in books of primary entries
• Posting into general ledger and subsidiary ledgers
• Trial balance and rectification of errors
• Basic financial statements/ Preparing financial statements
• IAS 1 presentation of financial statements
• Control accounts – accounts payable & accounts receivable ledgers
• Bank reconciliation
• IAS 2 Inventory – costing and recording keeping
• Accruals accounting
• Accounting for receivables and payables
• IAS 37 Provision
• IAS 16 Property, plant & equipment
• IAS 38 Intangible assets
• IAS 16 Leases
• IAS 23 Borrowing costs
• IFRS 16 Contract with Customers
• IAS 40 Investment property
• IAS 8 Accounting policies, changes in accounting estimates and errors
• IAS 10 Events after reporting date
• IAS 37 Provisions, contingent assets & contingent liabilities
• IAS 36 Impairment of assets
• IAS 11 Construction contracts
• IFRS 13 Fair value
• IFRS 15 Contract with Customers
• Financial statement analysis & IAS 33 Earnings per share
• IAS 7 Cash flow statements
• IFRS 9 IAS 32 Financial instruments
• IAS 19 Employee benefits
• IAS 21 The effects of changes in foreign exchange rates
• IFRS 5 Discontinued operations and presentation of assets held for sale
• IFRS 3 Business Combinations

Exam Format & Duration

This course will contain a major element of continual assessment. The assignments will seek to apply the learning in class back to your workplace (where applicable) and so underling the value of the course on a day to day basis to you and your organization.

Assessment will be based upon the following mix; 
• 10% for Attendance (must attend minimum 5 Units)
• 3 assignments
• Case Study 
• End of course examination (40%, open book three hour written examination preceded by 30 minutes reading time)

Exam Dates

Exams are flexible in nature and you can sit in the exam throughout the year immediate after the program or may can delay for time management issues. Please, read carefully the instructions till the very end mentioned in candidate guidelines. The students who will not succeed in getting the examination, at the first attempt will be allowed to have retake. For more details please review the candidate profile for general guidelines or contact us.

Exam Fee

Please contact us for updated information. Exam Location

Exams will be conducted on spot during and after the training. All instructions shall be included in the candidate file. A candidate file is one that generally a candidate gets after completing the enrollment formalities.