Certified Finance Manager (CFM) Inspire Training Center
Price: AED 4,198
AED 4,882
Instructor led live virtual classroom online. Classes may be individual or in group.
  • Location: Kuwait City
  • Duration: 9 Weeks
  • Timings: Full Time, Weekday evening classes

Course details

Module (1): 
  • Introduction
  • The Accounting Cycle
  • The Key Reports
  • A Review of Financial Terms
  • Understanding Debits and Credits
  • Your Financial Analysis Toolbox
  • Identifying High and Low Risk Companies
  • The Basics of Budgeting
  • Working Smarter
  • People and Numbers
Module (2): Budgets and Managing Money
  • Introduction
  • Finance Jeopardy
  • The Fundamentals of Finance
  • The Basics of Budgeting
  • The Budgeting Process
  • Budgeting Tips and Tricks
  • Monitoring and Managing Budgets
  • Crunching the Numbers
  • Getting Your Budget Approved
  • Comparing Investment Opportunities
  • ISO 9001 :2008
  • Directing the Peerless Data Corporation
Module (3):Accounting - Merchandising Transactions
  • Merchandising Transactions
  • Gross Selling Price
  • Returns and Allowances
  • Cost of Goods Sold
  • Classified Income Statement
Module (4): 
Measuring and Reporting Inventory
  • Merchandise Inventory
  • Determining Inventory Costs
  • Four Inventory Costing Methods
  • Pro's and Con's of the Four Costing Methods
  • Journal Entries for the Perpetual Inventory Procedure
  • Determining from Cost Basis for Inventory Measurement
Module (5): Accounting Control and Monitoring of Cash Assessment
  • Control of Cash
  • Internal Controls
  • Controlling Cash
  • The Bank Checking Account
  • Bank Reconciliation
  • Petty Cash Fund
Module (6): Accounting - Receivables and Payables
  • Accounts Receivable
  • Uncollectable Accounts
  • Write-offs and Recoveries
  • Current Liabilities
  • Notes Receivable and Note Payable
  • Short Term Financing through Notes Payable
Module (7): Adjustments for Financial Reporting
  • Cash versus Accrual Basis Accounting
  • Classes and Types of Adjusting Entries
  • Adjustments for Deferred Items - Expenses
  • Adjustments for Deferred Items - Depreciation
  • Adjustments for Accrued Items
Module (8): Accounting and Its Use in Business Decisions
  • The Accounting Environment
  • Accounting Defined
  • Overview of Accounting
  • Financial Statements of Business Organizations
  • The Financial Accounting Process
  • How Transactions Affect Income Statements and Balance Sheets
  • Dividends and Equity Ratios
  • Corporate versus Sole Proprietorship or Partnership Accounting
Module (9):Recording Business Transactions in Accounting
  • The Account and Rules of Debit and Credit
  • Recording the Transactions
  • The Accounting Cycle
  • The Accounting Process in Operation
  • Analyzing and Using the Financial Results
  • The Use of Ledger Accounts
Module (10): 
Completing the Accounting Cycle
  • The Work Sheet
  • Preparation of Financial Statements from the Work Sheet
  • Accounting Systems: From Manual to Computerized
  • The Closing Process
  • A Classified Balance Sheet
  • Analysis-Current Ratio
Module (11): 
Accounting Theory
  • Traditional Accounting Theory
  • Major Principles
  • Modifying Conventions
  • Objectives of Financial Statements
  • Basic Elements of Financial Statements
Module (12): 
Financial Topics
  • Foundation 1
  • Foundation 2
  • Checking Accounts
  • Short Term Savings
  • Credit
  • Summary
  • Foundation 3
  • Money Management
  • Matching Product
  • Comparison with Cash Management
  • Emergency Fund
  • Managing Debt
  • Insurance and Protection
  • Employee Wages
  • Employee Benefits
  • Stock and Commodities Markets
  • Inflation
  • Homeowners Insurance
  • Taxation
  • Shares and Bonds
Updated on 15 July, 2021

Eligibility / Requirements

Establishing an objective measure of a candidate's knowledge and competence in the field of financial & management accounting.
• Help the accountants how to apply the academic knowledge into practical experience.
• Identify the: functional role of financial department in terms of accounting cycle and its final output.
• Encourage continued professional development for financial department team.
• Full practical applying of accounting cycle starting from double entry system up to issuing financial reports and its analysis in accordance with IFRS.
• Identify the major accounting treatment for various types of activities such as: Investment, Construction, Retail & Merchandising, eCommerce and services companies.
• Explain the practical approach for handling accounting records and how to prepare monthly management reports after closing.
• Describe the art of finance and key financial terms and determine your role in company finances.
• Discuss various types of financial reports, including income statements, balance sheets, cash flow statements, and statements of changes in owners’ equity along with full notes. & disclosures


Job roles this course is suitable for:

Junior Accountant , Senior Accountant , Cheif Accountant

About Inspire Training Center

ITC, An establishment incorporated under the law of the State of Kuwait since 2003 as a certified center, including Education, Training, and Consultancy holding a training license number (29/2003) as privately owned registered institute by the PAAET (Public Authority for Applied Education & Training), CSC (Civil Service Commission) Reg. Number (111), and Civil ID Number (3076306). ITC leading-edge training courses provide business professionals the skills they need to develop their competency, improve their performance, and drive business success.

Our talented team of international instructors has exceptional credentials complemented by practical, real-world experience. We are proud to have earned recognition as an ISO 9001:2008 and OHSAS 18001:2007 Certified Training Center. ITC works hard for nationalizing and developing them in accordance with realities of our environment and enhance practical and scientific experiences of society.

The best advantage of our center is distinguished by possessing national experience of high standard that helps the spirit of harmony and team work. ITC has a passion for excellence and operates under the highest of business and ethical standards.

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