Accounting Fellowship Exam Skills Training Course (Financial Accounting)

General Overview of the Program

تهدف دورة “المحاسبة المالية” إلى تطوير المهارات المحاسبية والمالية للمشاركين من خلال التركيز على المفاهيم المتقدمة لإعداد التقارير المالية وتطبيق المعايير الدولية. تتناول الدورة الجوانب الأساسية والتفصيلية للدورة المحاسبية، وطرق القياس والعرض والإفصاح عن عناصر القوائم المالية. كما تهدف إلى تمكين المشاركين من استيعاب تأثير الأحداث الاقتصادية والتغيرات المحاسبية على المركز المالي ونتائج الأعمال.

This course is a key step in enhancing the professional competence of accountants, as it equips them with the necessary knowledge to accurately understand and analyze financial data, increasing their opportunities in the job market and giving them a competitive advantage that contributes to achieving organizational success.

Main Topics:

• The Conceptual Framework of Financial Reporting and the Accounting Cycle
  • The Conceptual Framework of Financial Reporting
  • The Objective of Financial Reporting
  • Users of Financial Statements
  • The Nature of Information That Can Be Produced by Financial Accounting
  • Objectives of Financial Statements
  • Qualitative Characteristics of Useful Financial Information
  • Going Concern Principle
  • Definition, Recognition, and Measurement of the Elements That Make Up the Financial Statements
  • Concepts of Capital and Capital Maintenance
  • First-time Adoption of International Financial Reporting Standards (IFRS)
  • Presentation of Financial Statements
• The Accounting Cycle:
  • The Concept of Double-Entry Accounting
  • Books and Records
  • Analysis, Recording, and Posting of Financial Transactions
  • Preparation of the Trial Balance and Adjustments
  • Preparation of Financial Statements
  • Closing and Carrying Forward Accounts
• Measurement, Presentation, and Disclosure of the Basic Elements of Financial Statements:
  • Cash and the Statement of Cash Flows
  • Financial Instruments
  • Debtors and Notes Receivable
  • Inventory
  • Property, Plant, and Equipment
  • Investment Property
  • Intangible Assets
  • Leases
  • Current and Non-Current Liabilities
  • Provisions, Contingent Liabilities, and Contingent Assets
  • Owners’ Equity
  • Revenue from Contracts with Customers
  • Zakat and Income Taxes
• Measurement, Presentation, and Disclosure of Certain Financial Events and Circumstances:
  • Accounting Policies, Changes in Accounting Estimates, and Errors
  • Related Party Disclosures
  • Changes in Foreign Exchange Rates
  • Joint Arrangements and Consolidated Financial Statements
  • Fair Value Measurement and Accounting for Agriculture
  • Accounting for the Exploration and Evaluation of Mineral Resources
  • Accounting for Small and Medium-Sized Entities (SMEs)

Target Audience:

• Financial Accountants
• Financial Department Managers
• Students and Researchers in the Field of Accounting
• Internal and External Auditors
• Professionals Specializing in Financial Reporting
• Those interested in obtaining the fellowship of the Saudi Organization for Auditors and Accountants (SOCPA)

Basic Training Information 

• Course Duration: 15 days
• Number of hours: 60 hours
• Training System: In-person at the institute’s premises
• Training Duration (in hours): 4 hours per day

Program Benefits

• Accredited Training Certificate: Accredited by the Technical and Vocational Training Corporation (TVTC).
• Enhancing Professional Competence: Preparing participants to pass the SOCPA Financial Accounting exam.
• High-level professional qualification: Enabling participants to practice the accounting profession with a high level of professionalism in accordance with local and international standards.
• Ideal Training Environment: Classrooms and labs equipped with the latest devices and technologies.
• Comprehensive training materials: Providing summaries, practical examples, and practice tests similar to the SOCPA exam, enhancing participants’ readiness.
• Professional Instructors: Experienced and highly qualified trainers in accounting and auditing.

Program Outcomes 

By the end of the course, participants will be able to:

• Understand the conceptual framework for financial reporting.
• Master the accounting cycle.
• Measurement, presentation, and disclosure of financial statement elements.
• Account for significant accounting events and influencing conditions.
• Apply International Financial Reporting Standards (IFRS).
• Enhancing professional competence.

Program Fee

SAR 2,300

Installment service:

Available upon request through monthly installment service via Tamara.