This comprehensive course is designed to equip finance professionals and decision-makers with a solid understanding of essential accounting principles and effective cash management strategies. The course will dive into the core aspects of accounting, differentiating between financial and management accounting, and explore the conceptual framework for financial reporting. Learners will gain proficiency in the matching principle, revenue recognition, and be able to assess advantages and disadvantages of using accrual and cash accounting. Additionally, learners will be exposed to essential knowledge on managerial accounting, budgeting fundamentals, cost management, and cost-volume-profit analysis.
Accountants, Budget Managers, Financial controllers, and other finance or non-finance professionals aiming to learn more about Accounting and Cash Management.
Upon successful completion of this course, participants will be able to:
Differentiate between financial and management accounting.
Apply accounting principles, including the matching principle and revenue recognition.
Understand and utilize the accrual versus cash accounting methods.
Navigate the accounting cycle, recording adjusting and closing entries.
Gain proficiency in budgeting and cost management.
Analyze cost-volume-profit relationships for better financial decision-making.
Develop effective cash handling and cash management strategies.
Assess and manage financial risks for better business decisions.
Introduction to Accounting
The Role and Purpose of Accounting
Financial Accounting vs. Management Accounting.
Conceptual Framework for Financial reporting.
Fundamentals of Financial Accounting
Matching Principle and Revenue Recognition.
Accrual vs. Cash Accounting
Recording Adjusting Entries
Recording Closing Entries
Preparing Post-Closing Trial Balance
Presentation of Financial Statements
Fundamentals of Managerial Accounting
Cost Management (Classifications, Measurement and Behavior).
Cost-Volume – Profit (Breakeven Point).
Cash Handling and Cash Management
Seven Golden Rules for Treasury.
Cash Flow forecast Presentation.
Cash Management importance in Business Management.
Managing Risk Options.
About the trainer
Ibaa Amayri: About 6 years’ experience in Financial Management, Accounting and analysis in NGOs and UN agencies, with 4 years’ experience in accounting & finance in private (trading/industrial) sector. Financial analyst with excellent analytical skills, financial management, economic feasibility studies, Internal control, applying financial standards and policies, cost control, and budgeting.
MSc in Risk Management, Bachelor in Economics.
Time and Location
Location: Erbil, mselect office
Duration: 8 days ( 2 days per week, Monday and Wednesday)
Time: 17:00 - 19:30
Must be made 5 working days before the start of the course. Payment can be made in cash, by bank transfer or through exchange offices.
How do I register?
You can register by emailing email@example.com with the following details:
Name of course:
For more information, please call 0771 842-2380