Document No.: EC-CO-01 Effective Date: 14.06.

2020
EMARATI CONSULTANT
Revision No. : 01 Revision Date:18.07.20
COURSE OUTLINE FORMAT

Course Title: Financial Accounting & Reporting

Sub – Title: Unlock the secrets of your accounting statements

Introduction
When we think of accounting, we usually picture pages upon pages of columns of numbers. However, whether you
are a business owner or work for a company , accounting gives you a way to figure out what those numbers mean in
terms of your business, and it shows you how they work together to measure your company’s financial health.

Today and more than ever, non financially trained professionals are required to understand the language of
accounting. As a matter of fact, there is an increasing need, in the business world, for a better communication
between financial and non financial professionals. To this purpose, this intensely instructional course is designed to
introduce corporate professionals with necessary concepts and fundamentals about financial accounting and
reporting statements.

This training course will highlight the following:

 Financial Accounting: Definitions, Regulators, and Principles

 Chart and Nature of Accounts
 Transactions Reporting and Bookkeeping
 Accounting Cycle
 Components of the Annual Report

Objectives
By the end of this training course, the participants will:

 Identify steps of accounting cycle

 Demonstrate a range of reporting tools and techniques available to prepare the annual reports
 Explain the purpose of the three key financial statements namely: Income Statement, Balance Sheet and Cash
Flow Statement

Methodology
This Virtual Training Course is designed for online computer teaching with the use of an Advanced Virtual Learning
Platform in the comfort of any location of your choice. There will be an exercise, case studies, and real-life examples
helping the participants to use their knowledge in order to build their skills on each separate topic.

Audience
This training course is ideal for corporate professionals, business owners, consultants public and semi public employees
and others who are not financially trained, but who need to be familiar with the overall concepts and language used in
accounting, financial reporting and financial analysis activities.

This training course is suitable for a wide range of professionals but will greatly benefit:

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 Document No.: EC-CO-01 Effective Date: 14.06.2020
EMARATI CONSULTANT
Revision No. : 01 Revision Date:18.07.20
COURSE OUTLINE FORMAT
 Professionals with technical/ Industrial backgrounds :
o Product Design
o Engineers
o Production Managers
o IT Managers

 Corporate professionals with limited Financial Training such as:

o Sales professionals
o Marketing Managers
o Legal Managers
o HR Managers
o Project Managers

 Public and Semi Public sectors' professionals

 Entrepreneurs and Business Owners
 Consultants

Topics
DAY 1: Dealing with the fundamentals of Accounting

 Introduction to Accounting: Definitions, Types, and Origin

 Financial Accounting Users or Stakeholders
 Accounting Authorities: SEC, FASB,& IASB
 Accounting Principles and Conventions
 Sarbanes Oxley Act
 Accounting Abuses and Update: Global Accounting in The New Century

DAY 2: Financial Accounting Starts with Accounts

 The Basics of Accounts:

o Understanding Assets
o A Look at Liabilities
o All about Equity
o Revenues, Costs, and Expenses
o How the Accounts Connect
o Debits and Credits
 Keeping Track of Transactions:
o Understanding the chart of accounts
o The General Ledger
o Setting up your accounts
o Analyzing Business Transaction
 The Journal
 Trial Balance
 The Accounting Cycle

DAY 3: Understanding your Statements

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 Document No.: EC-CO-01 Effective Date: 14.06.2020
EMARATI CONSULTANT
Revision No. : 01 Revision Date:18.07.20
COURSE OUTLINE FORMAT
 Introducing the annual reports components
 How the Financial Reports are interconnected?
 Fundamentals of accounting statements: Income Statement
 Fundamentals of accounting statements: Balance Sheet
 Fundamentals of accounting statements: Cash flow

Certifications
(The certificate will be identified by the Training Center depends on the certain level of expertise in
a particular training course.)

Fee Structure
(This will be given by the Training Center highlighting the rates on the various training courses
offered.)

Entry Criteria
(To be identified by the Training Center)

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