Introduction:

Preparing the financial statement and the general budget are fundamental and vital aspects of accounting and finance. The financial statement provides a detailed presentation of the financial performance of an entity during a specific period, often on an annual basis, while the general budget reflects the financial expectations of the entity for the upcoming period.

The significance of this course lies in providing the necessary understanding and skills to effectively analyze and prepare these financial documents. In this course, participants will explore advanced practices and fundamental concepts related to preparing the financial statement and the general budget. They will gain a profound understanding of advanced accounting and financial operations applied in corporations and organizations.

The program will also focus on how to use this information in making managerial and strategic decisions. Participants will be guided through the course to understand how to prepare, analyze, and present financial reports and how to use them to improve the performance of the organization and ensure the achievement of its goals. This program aims to broaden participants' perspectives and enhance their understanding of accounting and financial issues, enabling them to achieve more success and efficiency in their professional roles.

Course Objectives:

Enhance a deep understanding of the principles and basic accounting concepts related to preparing the financial statement and the general budget.

Provide participants with the practical skills required to prepare and analyze financial statements and budgets effectively.

Learn how to use the financial statement to assess the financial performance of the entity during a specific period.

Understand how to use the general budget as a tool for financial planning and setting goals and strategies for future periods.

Improve participants' ability to analyze cash data and financial information and make decisions based on them.

Deepen the understanding of the relationship between accounting information and managerial and strategic decisions.

Develop effective communication skills for explaining and presenting accounting and financial information to various stakeholders.

Training Methodology:

In this training course, an integrated and multidimensional methodology will be adopted to achieve effective and sustainable learning. The course will include the presentation of accounting theories and principles with practical applications through case study solutions and practical exercises to ensure deep understanding and practical skills. Additionally, diverse teaching methods such as presentations, group discussions, and workshops will be used to enhance interaction and participation. These methods are crucial to deepening participants' understanding and skills in preparing the financial statement and the general budget, enabling them to apply knowledge effectively in practical contexts.

Program Content:

Introduction to Accounting and Budgeting:

- Basic concepts of accounting and budgeting.

- Differences between the financial statement and the budget.

- Review of debt and credit principles.

- Financial account classifications.

- Basics of financial management.

Preparing the Financial Statement:

- Review of accounting closing processes.

- Analysis and evaluation of financial data.

- Completion and presentation of the financial statement.

- Recording financial transactions.

- Analysis of financial results and financial reports.

Preparing the General Budget:

- Identification and classification of budget components.

- Methods and techniques for budget preparation.

- Budget management and control.

- Evaluating budget performance.

- Using the budget as a tool for planning and control.

Financial Data Analysis:

- Fundamentals of financial data analysis.

- Various financial analysis techniques.

- Analysis and evaluation of financial indicators.

- Comparisons between financial data.

- Using analyzed data in decision-making.

Analytical Accounting and Budget Analysis:

- Introduction to analytical accounting and budget analysis.

- Analysis and evaluation techniques.

- Using analytical accounting models.

- Financial impact of analytical decisions.

- Applying analytical accounting to practical cases.

Financial Strategies and Financial Planning:

- Introduction to financial strategies.

- Importance of strategic financial planning.

- Developing effective strategic financial plans.

- Analysis and evaluation of financial strategic options.

- Using financial strategies to achieve organizational goals.