عربي
عربي
Passionately developing careers since 2000.
عربي
عربي
Why Attend
The transition from the cash basis to the accrual accounting system is considered one of the most recent accounting applications. The accrual accounting system records revenues, expenses, assets, liabilities, and equity ("net assets") in the general ledger when the relevant economic activity occurs and when cash is received or paid. The transition from the cash basis to the accrual basis has several advantages, the most important of which is providing more accurate data to the government through a statement of assets and liabilities financially valued at the end of the fiscal year, a statement of accrual-based expenses and revenues, and a statement of cash payments and receipts. The system also provides the elements of financial control over assets and provides data that helps evaluate the performance of government agencies more accurately.
Overview
Course Outline
Schedule & Fees
Methodology
The training course uses a combination of interactive techniques, such as brief presentations by the consultant, group exercises, and actual financial statements published using Excel to apply the acquired knowledge, followed by participant presentations of the results.
Course Objectives
By the end of the course, participants will be able to:
Provide participants with the latest advanced practices in government accounting, particularly IFAC publications for the government sector, leading to improved efficiency and effectiveness of government accounting performance.
Provide Participants will be equipped with the skills to apply accrual accounting procedures and determine the expenses and revenues of the financial period in accordance with international standards.
Participants will be equipped with the skills to close accounts and prepare final accounts and budgets in accordance with International Government Accounting Standards.
Participants will be equipped with special skills to apply advanced methods for preparing government budgets and how to prepare and link government budgets to government accounting systems, thus strengthening the effectiveness of government financial oversight.
Participants will be equipped with the skills to close accounts and prepare final accounts and budgets based on the accrual basis.
Participants will be introduced to the success factors of the accounting transformation project and the challenges that countries will face when transitioning from the cash basis.
Target Audiences
Chief Accountants, Accounting Managers, Senior Accountants, Financial Affairs Managers, Financial Analysts, Financial Controllers, Financial Accounting Managers, Heads of Financial Departments, Credit Risk Analysts, Bankers, and Relationship Managers.
Target Competencies
Cash Basis vs. Accrual Accounting
The Importance of Accrual Accounting
Types of Accrual Accounting Accounts
Advantages of Accrual Accounting
Disadvantages of Accrual Accounting
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