Financial Statements of Companies under the Egyptian Accounting Standards Egyptian Banking Institute

During this course, participants will learn the latest accounting standards used in preparing company’s financial statements and its amendments. Participants will also acquire the skills required to work with various components of the company’s financial statements, understand the underlying accounting treatment and confirm their credibility.Course Description:

During this course, participants will learn the latest accounting standards used in preparing company’s financial statements and its amendments. Participants will also acquire the skills required to work with various components of the company’s financial statements, understand the underlying accounting treatment and confirm their credibility.

Course Objectives:

  • Define accounting standards and their importance
  • Prepare cash flow statements
  • Use the different methods of inventory cost accounting
  • Explain fixed asset measuring concepts and depreciation methods
  • Define the revenue recognition concepts
  • Illustrate special accounting treatment items

Course Outline:

Module 1: Introduction to Companies’ Accounting Standards

  • Types of companies
  • The importance of accounting standards
  • Financial statements
  • Consolidated and separate financial statements
  • Subsequent events of balance sheet date
  • Case studies

Module 2: Cash Flow

  • The concept of cash inflows and outflows
  • Preparation of cash flow statement
  • Case studies

Module 3: Inventory

  • The concept and components of inventory
  • Methods of inventory cost accounting
  • Case studies

Module 4: Fixed Assets and its Depreciation

  • The concept and components of fixed assets
  • Depreciation methods
  • Case studies

Module 5: Revenue

  • Revenue
  • Interests, royalties, dividends
  • Case Studies

Module 6: Special Accounting Treatment

  • Accounting policy changes, accounting estimates and errors.
  • The impact of changes in foreign currency exchange rates
  • Cost of borrowing
  • Financial investments
  • Case studies

Assessment Strategy:

Participants will be informally assessed on their interaction during sessions and their participation in exercises

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