Finance For Non Finance Managers / Modern Accounting

by Khawarizmi Training Solutions

This is part of a series of 6 training courses designed to teach you about 'Modern Accounting'. Completing each module will lead to the other one.

AED 2500

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img Duration

40 Hours

Course Details

Modern Accounting program covers a series of 6 training courses.  Each of them is a pre-requisite of the next one. It is taken for granted that this program paves the way to a better job performance and job opportunities in every organization.

 

Eligibility / the program is designed for:

1. Candidates who have not completed their academic studies and they want to work in accounting field OR if they want to get a general awareness of the Accounting field.

2. Those that have completed their Academics but did not work in the accounting field and are seeking to do so now.

3. Students who have completed their Academics and worked in accounting field and stopped for many years and they want to return to the accounting domain.

 

Course Format and Key topics:

1.       Essentials Of Accounting 

  • Introduction to types and normal of accounts Debit & Credit)
  • Assets, liabilities, and capital
  • Journalizing and posting transactions
  • The double entry bookkeeping system
  • Adjusting procedures
  • Closing procedures
  • Preparation of Trial Balance
  • Preparation of Financial statements

 

2.       Accounting – Intermediate Level 

  • Plant and equipment depreciation
  • Bank reconciliation
  • Petty cash fund
  • Cash Management
  • Accounts Receivable: Doubtful Debts Recording Methods
  • Assets transactional recording (Disposal, Exchange, Sales) & Market Value

 

3.     Financial Statements Analysis & Interpretation

  • Balance sheet
  • Income Statement
  • Statement of Cash Flows
  • Statement of Retained Earnings
  • Managerial view of the Financial Statement
  • Liquidity ratios
  • Activity, or utilization, ratios
  • Financial, or leverage
  • Profitability ratio
  • Market-value ratios
  • Analysing Results
  • Time Series Comparisons
  • Management Targets

 

4.    Budgeting & Cost Control

  • The Role of Budgets 
  • Working Capital Management
  • Preparation of Budget
  • The Production Budget
  • Cash Flow Management
  • The Evaluation and Co-ordination of a Budget
  • Measuring Costs and Benefits for Decision-making  
  • Keeping Costs Down

Founded in 1985, Khawarizmi International College (KIC) is a higher education institution in the UAE accredited by the Ministry of Education. Since its inception KIC has provided students with a variety of opportunities aiming to advance their education and to open doors to a successful future.

KIC focuses on teaching through practical application. The college aims to graduate students who are prepared to meet the demands of current and future challenges. Its programs provide students with theoretical and conceptual knowledge in their fields, whilst equipping them with the practical skills and competencies they will need to excel in their chosen careers.

KIC offers various methods of delivery of the programs to suit students from all walks of life. In addition to convenient morning sessions, evening and weekend sessions are made also timetabled so that students can find study timings that work for them.

With this flexibility, KIC students can remain employed, while completing the program of their choice, gaining both professional and educational experience.

All KIC classrooms are equipped with modern learning facilities to enhance our students’ educational experience. Affordability and convenient payment plans ensure accessibility for all applicants. The college aims to provide quality education to as many students as possible.

  • Al Nahyan Branch

    Khawarizmi Training Solutions Mezzanine Floor, Muroor Road, Next to Bus station, Al Nahyan, Abu Dhabi
  • Al Tiwayyah Branch

    Al Meryal, Next to Al Towaya Park, Al Tiwayyah, Al Ain

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