|E003||December 4, 2022 - December 8, 2022||Basel||$ 3500||
|E003||March 5, 2023 - March 9, 2023||Dubai – UAE||$ 3500||
|E003||May 14, 2023 - May 18, 2023||Online||$ 1500||
|E003||June 4, 2023 - June 8, 2023||Cairo - EGYPT||$ 1900||
- Discuss the structure and foundations of financial reporting
- Be aware of creative accounting and how it can be determined
- Determine the need for forensic accounting by means of case study and other analysis
- Appreciate the nature or Benford’s Law and its increasingly important role in the prevention and detection of fraud
- Discuss the role of the auditor in detecting fraud
- Carrying out a variety of statistical tests on financial reports and accounting data
- Understand the content of and relationships between financial statements (income statement, balance sheet, and statement of cash flows ).
- Understand how to use financial statements to evaluate the financial performance of an organization
- Understand discounted cash flow (DCF) techniques and their application to financial decision making .
- Understand the budgeting process, including performance evaluation .
- Communicate and to question financial information effectively .
- This programme is aimed at finance and accounting professionals and those for whom the prevention and detection of fraud is a major issue .
- Finance Executive and financial professionals involved in the development and delivery of financial strategy .
- Junior Executives and financial professionals seeking career advancement and development .
- Financial Accounting Review .
- Structure of financial reports :
- Regulation of financial reporting
- Financial reporting standards
- The Analysis of Financial Reports
- Detecting bias in accounting numbers
- Qualitative analysis: what people say and what they might mean
- Creative Accounting :
- What is creative accounting and why is it a bad thing?
- Inappropriate accruals, estimates, and excessive provisions
- Identifying premature revenue recognition and fictitious revenue
- Aggressive capitalisation
- Creative income statements: classification and disclosure
- Problems with cash flow reporting
- Forensic Accounting
- The basics of forensic accounting
- The need for Sarbanes-Oxley
- The going concern concept in greater detail
- Cases in which forensic accounting was used
- Off balance sheet finance
- Introduction to Benford’s Law
- Financial Statements, Accounting Policies, and Reporting Standards :
- Income Statement – basic components :
- Revenues & the questions .
- Direct/variable/product costs .
- Indirect/fixed/period costs .
- Mixed costs .
- Non-cash deductions: the what, the why & the how :
- Depreciation: various methods explored .
- Amortization: impairment test .
- Depletion: when & how .
- The difference between profit and cash .
- A closer look at costs and expenses .
- Profit calculations .
- Summarizing profit statements and extracting the key figures .
- Balance Sheet :
- Assets – current & long term .
- Liabilities – current & long term .
- Equity – components .
- Capital employed – options .
- Managing the working capital cycle .
- Cash Flow Statement.
- Operating sources/uses .
- Investing sources/uses .
- Financing sources/uses .
- Making and Communicating Decisions using Budgets :
- The master budget .
- The budgeting as a planning tool, a control mechanism, a communications device & value creation .
- Budgeting Sales to “drive” the correct budget .
- Operating budget components .
- Financial budget .
- Pro Forma Financial Statements .
- Cash Budgets – Capital budget .
- Interrelationship of Financial Projections .
- Dynamics and Growth of the Business System – a model review .
- Flexible vs. traditional budgets – the pros & cons .
- Variance analysis as a tool for improvement & communications .
- Price and volume effects within variance analysis: state of the
- The Role Of The Auditor And Detecting Fraud :
- The Role of the Auditor in the Prevention and Detection of Fraud
- Deterring Fraud – The fraud triangle
- The COSO “Internal Control – Integrated Framework,” (COSO Model)
- 20 ways to detect fraud
- Identifying fraud using time series analysis
- Fraud risk assessments
- Tools for Detecting Fraud :
- Further Statistical Analysis of accounting and other data
- Further application of Benford’s Law
- Chi Square and Kolmogorov Smirnoff Tests
- Mean Absolute Deviation test
- Mantissa Arc Test
- Second Order and Summation Tests
- Great Discount For Companies And Governmental Organizations .
- All Programs Are Held In Five Star Hotels .
- All Lecturers Have Sufficient Knowledge And Experience To Implement The Programs At An Optimal Level .
- Large Package Of Services Is Offered To The Participants .
10% in case of Three P. (or more)
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