Training program Details ( Transition from Cash Basis to Accrual Basis )

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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.

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Overview

Sectors

Banking

Capital Market

Insurance

Financing

Job Families

Actuary

AI and Data Science +110

Actuary

AI and Data Science

Banking Operations

Claims

Clearing, Reconciliation and Settlements

Collateral / Asset Valuation

Collateral Management

Collection and Recovery

Compliance, AML, and CTF

Corporate Governance

Corporate Strategy

Credit

Credit Modelling

Credit Rating Analysis

Custody

Customer Care

Cyber Security

Dealing - Broking

Delivery Channels

Facilities Management

Finance

Finance Operations

Finance Origination

Financial Advisory

Health Operations

Human Resources

Information Technology

Internal Audit

Investor Relations

Legal

Loss Adjustment/ Assessors

Marketing

Origination and Structuring

Policy Operations

Portfolio Management

Portfolio/ Fund Management

Procurement

Product Development

Project Management

Reinsurance / Retro Operations

Risk Management

Sales and Distribution / Intermediaries

Sell-Side Research

Sharia Advisory and Research

Sharia Compliance and Audit

Treasury

Underwriting

Topics

Accounting and Finance

Prerequisite Programs

Not Exist

Training Methods

Lecture

Case Studies +1

Evaluation

Pre Exam

Post Exam

Target categories

Finance

Finance +110

Finance

View Program Policy

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

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Day 1

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Day 2

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Day 3

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Day 4

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Day 5

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Module 1: Justification of the Transition to Accrual Basis

In Class Training-Online Training

Cash basis assessment

Why switch to the accrual basis of accounting?

Steps of the project to transition to accrual basis

Elements of the success of the accounting transition project

Challenges faced by countries in transition to accounting

Module 2: Steps to the Transition to Accrual Basis

In Class Training-Online Training

Prepare a realistic and achievable action plan

Implementation of the accounting transformation plan in each entity

Develop accounting manuals and accounting systems to apply the accrual basis

The actual launch of the accounting system according to the accrual basis

Restructuring government accounts

Inventory settlements as a mandatory measure to apply the accrual basis

Basis of preparing inventory settlements

General Framework of International Accounting Standards in the Government Sector IPSAS

Requirements for the application of IPSAS in government institutions

Module 3: Preparation of Accounting Settlements on an Accrual Basis

In Class Training-Online Training

Principles of accrual accounting

Settlement of accounts

Settlement of expenses

Income reconciliation

Identification of receivables and Advance Payments

Preparing the trial balance after settlement after settlement

Various practical situations

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

In Class Training-Online Training

Set up settlement constraints

إعداد قيود الاقفال للحسابات

Trial balance after closure restrictions

Preparation of financial statements and final accounts from the revised trial balance

Use the accounting worksheet to prepare settlement and closing entries

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

In Class Training-Online Training

Preparation of settlements and accounting entries for salaries and wages

Preparation of settlements and accounting entries for covenant and trusts

Preparation of settlements and accounting entries on loans and expenses

Preparation of accounting settlements and accounting entries for revenue

Preparation of accounting settlements and accounting entries for assets

Various applications and practical situations

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.

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Transition from Cash Basis to Accrual Basis

Transition from Cash Basis to Accrual Basis

Overview

Sectors

Job Families

Topics

Prerequisite Programs

Training Methods

Evaluation

Target categories

Available Dates

Program Agenda

Schedule

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

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