Program Details ( Transition from Cash Basis to Accrual Basis )

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Transition from Cash Basis to Accrual Basis

A Cash basis of accounting was abandoned, and an accrual basis adopted due to rapid advancements in several fields of knowledge. This required those in government accounting to catch up with these advances, to prove that the government accounting profession has an essential role in serving the public interest, it cannot be bypassed or dispensed with. This training program covers the motives for shifting to the accrual basis, the basic stages of the accounting transformation, as well as enabling participants to prepare final accounts, settlements, and accounting entries for some financial operations according to the accrual basis through workshops and practical application.

Overview

Sectors

Banking

Capital Market

Insurance

Financing

Job Families

Not Exist

Topics

Accounting and Finance

Prerequisite Programs

Not Exist

Training Methods

Lecture

Case Studies +1

Evaluation

Pre Assessment

Post Assessment

Target categories

Finance

+108

View Program Policy

Available Dates Available Dates

This provides you with the opportunity to select the available times that suit you best for participation in our program. These times represent slots during which we are ready to welcome you and provide assistance and guidance.

Program Agenda

Schedule

Day 1
Day 2
Day 3
Day 4
Day 5

Day 1

Self Learning

Module 1: Justification of the Transition to Accrual Basis

Module 2: Steps to the Transition to Accrual Basis

Module 3: Preparation of Accounting Settlements on an Accrual Basis

Module 4: Closing Accounts and Preparing Final Accounts and Financial Statements

Module 5: Workshops to Prepare Settlements and Accounting Entries for some Financial Operations according to the Accrual Basis

Program Targets

Evaluating and comparing the cash basis to the accrual basis and understanding the reasons for its ineffectiveness in achieving the objectives of the economic units to understand the justifications and importance of switching to the accrual basis.

Prepare a realistic and achievable work plan and successfully implement it in accordance with IPSAS International Government Accounting Standards by understanding the basic steps and stages of accounting transformation.

Using accrual accounting procedures to determine the financial period's expenses and revenues and preparing for the end-of-period accounting settlements.

Closing accounts and preparing final accounts and financial statements efficiently according to the accrual basis.