Advance Accounting

Course Description:

Advance Accounting course in Dubai covers accounting operations, patterns, the merger of public holding companies, foreign currency operations, changing financial statements prepared in foreign and local currencies.  Advanced accounting also includes a variety of advanced financial accounting issues such as lease contracts, pension funds, end of service severance payments.

Target Audience

  • Fresh graduates
  • Junior Accountants
  • Accounting Students

Advance Accounting course contents: 

Advance Accounting training course offered by Bright Future Training Institute Dubai will cover the following topics;

Part 1:  Welcome to the World of Accounting

  • Accounting Information
  • The Accounting Profession and Careers
  • The Fundamental Accounting Equation
  • How Transactions Impact the Accounting Equation
  • The Core Financial Statements

Part 2: Information Processing

  • Computerized Processing Systems

Part 3: Income Measurement

  • “Measurement Triggering” Transactions and Events
  • The Periodicity Assumption
  • Inventory valuation (FIFO, LIFO Average)
  • Accounting for Depreciation
  • Basic Elements of Revenue Recognition
  • Basic Elements of Expense Recognition
  • The Adjusting Process and Related Entries
  • Accrual- Versus Cash-Basis Accounting
  • Accounting – Versus Economic Versus Law

Part 4: The Reporting Cycle

  • Preparing Financial Statements
  • The Accounting Cycle and Closing Process
  • Reversing Entries
  • Classified Balance Sheets
  • Cash Flow Statement as per IFRS

Asif Ahmed

  • ACMA, CPA, APFA, M.com, B.com
  • 9 Years of practical accountancy experience
  • 4 years of teaching experience