Location

Community Services & Continuing Education - Alexandria

Objectives

• • To enable students to understand the conceptual framework for financial reporting, preparing the basic financial statements—the statement of income, the cash flow statement, the retained earnings statement, and the statement of financial position—including presentation and disclosure issues and accounting issues (both procedural and conceptual) related to the asset side of the statement of financial position.• Introduce an in-depth review of accounting issues associated with liabilities and shareholders’ equity, as well as consideration of matters related to presentation and disclosure of these items.

Outcomes

Upon successful completion of this course , the learners will be able to :• Apply the cost model, fair value model and revaluation model to the initial recognition, depreciation, and impairment of tangible and intangible assets.• Demonstrate an understanding of the problems related to measurement and disclosure of current liabilities.• Apply the revenue recognition principle to record; revenue recognition at point of sale, percentage-of completion method for long-term contracts, completed-contract method for long-term contracts.

Course Contents

Part of the: Professional Certificate in Financial and Management Accounting• Fixed Assets (Acquisition)• Fixed Assets (Depreciation / Impairment)• Fixed Assets (Exchange)• Intangible Assets• Current Liabilities• Contingent Liabilities• Revenue Recognition -Construction companies• Revenue Recognition - Installment Sales