عربي
عربي
Passionately developing careers since 2000.
عربي
عربي
Why Attend
Many governments in many countries are moving toward transitioning from the cash basis to the accrual basis of accounting. This aims to provide an accurate picture of the financial obligations arising from government entities' operations, preserve the state's assets, inventory them, and record them in accounting records, and create appropriate governance mechanisms to safeguard public funds. This also aims to improve the efficiency of preparing the state's general budget, provide a clear vision for the future, create consistency and effective financial oversight among all financial practices followed in the state, and rationalize government expenditures. The transition from the cash basis to the accrual basis is considered one of the most recent accounting applications. Accrual accounting is based on recording revenues, expenses, assets, liabilities, and equity ("net assets") when the relevant economic activity occurs and when cash is received or paid. The transition from a cash basis to an accrual basis has several advantages, the most important of which is providing the government with more accurate data through a statement of assets and liabilities financially valued as of the end of the fiscal year, a statement of expenditures and revenues based on accruals, and a statement of cash payments and receipts. The system also provides the elements of financial oversight of assets and provides data that helps in assessing 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 with the skills to apply accrual accounting procedures and determine the expenses and revenues for the financial period according to international standards.
Provide participants with the skills to close accounts and prepare final accounts and budgets according to International Governmental Accounting Standards.
Provide participants with specialized skills in applying advanced methods for preparing government budgets and how to prepare and link government budgets to government accounting systems, leading to enhanced effectiveness of government financial oversight.
Provide participants with the skills to close accounts and prepare final accounts and budgets according to the accrual basis.
Introduce participants to the success factors of the accounting transformation project and the challenges that countries will face when transitioning from a cash basis.
Target Audiences
Financial Managers Deputy Chief Financial Officers and Department Heads
Planning Managers in Organizations
Internal and External Auditors
Professionals responsible for financial reporting
Accountants, project managers, and budget analysts
Accountants, financial management personnel, and those interested in preparing and analyzing financial statements
Financial planning and budgeting personnel
Target Competencies
Cash Basis vs. Accrual Accounting
The Importance of Accrual Accounting
Types of Accrual Accounting
Advantages of Accrual Accounting
Disadvantages of Accrual Accounting
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