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ANA561-2D
2 Week Job Process Performance & Productivity Process Skills Training
Practical Accounting for Non-Accounting Professionals & Managers
Building Process-by-Process Skills & Competencies in
Understanding Accounting Basis & Reports
Identifying Usual Mistakes/Misrepresentations in Accounting Reports
- International Standards
- Evaluating Health of Entity through its Accounting Reports
- Identifying Key Concern Areas from the Reported Numbers
- Fraud Prevention Actions, Aggressive Accounting and Misrepresentation Identification
www.eurotraining.com/bro/ana561-2.php
2 Week Training Workshops
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What is covered in this Program?
This Job Process Competency program will provide the participant practical skills and competencies required to Understand Accounting Statements, and, Contribute effectively to the accounting process. The participant will understand what data was used to prepare the audit reports and what controls were in place when using the accounting data.
The participant will also understand the how to Identifying Usual Mistakes/Misrepresentations in Accounting Reports. The participant will understand the key requirements of the International Standards to which his organization subscribes. Participant will gain Understanding of how to Evaluating the true health of Entity Through its Accounting Reports. Participant will also understand how to Identify Concern Areas from the Reported Numbers. Program will also cover basics of Fraud Prevention, Aggressive Accounting and Misrepresentation.
Through this Accounting & Finance workshop the participant will gain Deeper Performance Level Insights into Accounting & Finance Technical & Management Processesmentioned above.
(1) Participant will attend hands on workshops to confirm development of actual job related Accounting & Finance skills.
(2)Participant will prepare a Accounting & Finance Performance Evaluation System based on Meaningful KPIs, Financial Ratios and Meeting of Operational and Strategic Objectives.
(3) Participant will understand Accounting & Finance Knowledgebase Framework that exists in his organization so he can perform his related job reponsibilities more effectively and efficiently.
(4) Participant will further prepare a Customized Action Plan detailing the Steps he can take in this Business Unit to understand and apply some of what he has learnt during the program to bring about improvements.
Understand the fundamentals of accounting, including key concepts, basis, and reports. Learn to identify common mistakes and misrepresentations in accounting reports.
Gain awareness of international accounting standards (e.g., IFRS, GAAP). Evaluate the financial health of an entity through its accounting reports.
Develop the ability to identify key areas of concern from reported financial numbers.
Understand fraud prevention measures and how to detect aggressive accounting or misrepresentation.
This Job Process Competency program will provide the participant practical skills and competencies required to Understand Accounting Statements, and, Contribute effectively to the accounting process. The participant will understand what data was used to prepare the audit reports and what controls were in place when using the accounting data.
The participant will also understand the how to Identifying Usual Mistakes/Misrepresentations in Accounting Reports. The participant will understand the key requirements of the International Standards to which his organization subscribes. Participant will gain Understanding of how to Evaluating the true health of Entity Through its Accounting Reports. Participant will also understand how to Identify Concern Areas from the Reported Numbers. Program will also cover basics of Fraud Prevention, Aggressive Accounting and Misrepresentation.
Through this Accounting & Finance workshop the participant will gain Deeper Performance Level Insights into Accounting & Finance Technical & Management Processesmentioned above.
(1) Participant will attend hands on workshops to confirm development of actual job related Accounting & Finance skills.
(2)Participant will prepare a Accounting & Finance Performance Evaluation System based on Meaningful KPIs, Financial Ratios and Meeting of Operational and Strategic Objectives.
(3) Participant will understand Accounting & Finance Knowledgebase Framework that exists in his organization so he can perform his related job reponsibilities more effectively and efficiently.
(4) Participant will further prepare a Customized Action Plan detailing the Steps he can take in this Business Unit to understand and apply some of what he has learnt during the program to bring about improvements.
Understand the fundamentals of accounting, including key concepts, basis, and reports. Learn to identify common mistakes and misrepresentations in accounting reports.
Gain awareness of international accounting standards (e.g., IFRS, GAAP). Evaluate the financial health of an entity through its accounting reports.
Develop the ability to identify key areas of concern from reported financial numbers.
Understand fraud prevention measures and how to detect aggressive accounting or misrepresentation.
Who Should Attend?
This Work Process Skills program is intended for Professionals, Supervisors and Managers from any Department of Business Unit.
Accounting and Audit Professionals may attend to gain a multi-discipline understanding and to refresh their Accounting Domain Knowledge. IT Professionals who are involved in Data Analytics or Accounting Software Development or Updating will find the program will provide them the Essential Domain Knowledge.
This Work Process Skills program is intended for Professionals, Supervisors and Managers from any Department of Business Unit.
Accounting and Audit Professionals may attend to gain a multi-discipline understanding and to refresh their Accounting Domain Knowledge. IT Professionals who are involved in Data Analytics or Accounting Software Development or Updating will find the program will provide them the Essential Domain Knowledge.
Program Content & Modules
Practical Accounting for Non-Accounting Professionals & Managers
Importance of accounting knowledge for non-accounting professionals.
Key objectives of accounting: recording, reporting, and decision-making.
Overview of the accounting cycle and reporting framework.
Understanding Accounting Basis & Reports
Accrual Basis vs. Cash Basis Accounting:
Differences and implications for financial interpretation.
Advantages and limitations of each approach.
Key Financial Reports Processes
Income Statement: Revenue, expenses, and profitability.
Balance Sheet: Assets, liabilities, and equity snapshot.
Cash Flow Statement: Operational, investing, and financing cash flows.
Practical guidance on reading and interpreting these reports.
Identifying Usual Mistakes and Misrepresentations in Accounting Reports
Common errors in financial reporting Processes
Revenue recognition issues.
Incorrect expense classification.
Misstatement of liabilities or assets.
Examples of misrepresentation Processes
Inflating revenue or underreporting expenses.
Improper use of estimates and assumptions.
Warning signs of misstatements, including unexplained variances or unusual trends.
International Standards Processes
Overview of IFRS and GAAP principles.
Importance of standards for consistency and comparability.
Key differences between IFRS and GAAP in revenue recognition, lease accounting, and asset valuation.
Role of accounting standards in global business operations.
Evaluating the Health of an Entity through its Accounting Reports Processes
Profitability: Analyze gross profit, operating profit, and net income.
Liquidity: Use current and quick ratios to assess short-term financial stability.
Leverage: Evaluate debt levels through debt-to-equity and interest coverage ratios.
Efficiency: Review asset turnover and working capital management metrics.
Cash Flow: Assess the sustainability of cash inflows and outflows.
Identifying Key Concern Areas from Reported Numbers Processes
Pinpointing red flags
Fraud Prevention Actions
Aggressive Accounting
Misrepresentation Identification
Best Practices for Non-Accounting Professionals
Use simple tools and techniques to analyze financial reports, such as ratio analysis and trend evaluation.
Ask critical questions about financial data to clarify assumptions and estimates.
Leverage financial data for strategic decision-making and risk assessment.
Improvement and Continuous Learning Processes
Stay updated on changes to accounting standards and practices.
Develop a habit of regular financial report review.
Collaborate with finance teams to enhance understanding and improve processes.
Reporting Processes
Learn to communicate financial findings effectively to stakeholders.
Present key metrics and insights in an accessible manner for non-finance audiences.
Use dashboards and visual aids for simplified reporting.
Key Areas of Focus for Non-Accounting Professionals
Practical Use Cases
2 Week Training Workshop
Outcomes & Takeaways
Job Process Good & Best Practices Workshop Outcomes and Takeaways
Knowhow and Technology Transfer to the Participants. Building relevant Understanding, Competencies & Process Knowledge.
Multi-discipline understanding of Program Topics.
Means that post program when participant takes decisions, related to his work, participant will automatically and subconsciously consider and take into account (as applicable) Internal & External Customer Needs and Expectations, Operational & Strategic Objectives, Regulatory Aspects, Industry Standards, Technology Options, Understand Helpful Modern Tools and Methods, Understand Risks, Actions for Increasing Productivity, Legal & Contractual Aspects, Intellectual Property Aspects, Safety, Security, Audit, Cost Benefit Aspects, Value Engineering Opportunities, Key Performance Indicators, Meaningful Performance Evaluation System, and, Data Analytic Opportunities.
This type of understanding and habit otherwise develops after years of rich and diverse work experience. (few get this opportunity)
Knowledge Framework which will enable the participant to understand and learn the right lessons from his own past, present and future on-the-job experience.
Training that will empower the participant to identify, support and implement improvements in his work area, team, section, department, and organization.
This 2 Week Training Workshop participant will typically take away...
Program related detailed knowhow, skills, competencies and process knowledge, and hands on practice on applying some of the key skills.
This 2 week programs add depth to the program topics covered in the first week, by including additional discussions on (as applicable) Risks, Prioritization, Quality Assurance, Strategic Considerations, Process and Control Automations, Early Warning Systems, Performance Evaluation, Key Performance Indicators, Improvements, Benchmarking, Innovation, Disruptive Innovation, Risk Management, and Work Standardization.
This program adds more case studies and hands on workshops to help apply what the participant has learnt during the program.
Domain Knowledge, process knowledge, and hands on practice of decisions on actually job situations.
The participant will become empowered and should become more Productive, Effective, Efficient, Customer Focused and Strategic Focused.
At the end of the program, the Participant will prepare a Customized Detailed Action Plan which will serve as the roadmap to implement some key improvements in his work area.
Knowhow and Technology Transfer to the Participants. Building relevant Understanding, Competencies & Process Knowledge.
Multi-discipline understanding of Program Topics.
Means that post program when participant takes decisions, related to his work, participant will automatically and subconsciously consider and take into account (as applicable) Internal & External Customer Needs and Expectations, Operational & Strategic Objectives, Regulatory Aspects, Industry Standards, Technology Options, Understand Helpful Modern Tools and Methods, Understand Risks, Actions for Increasing Productivity, Legal & Contractual Aspects, Intellectual Property Aspects, Safety, Security, Audit, Cost Benefit Aspects, Value Engineering Opportunities, Key Performance Indicators, Meaningful Performance Evaluation System, and, Data Analytic Opportunities.
This type of understanding and habit otherwise develops after years of rich and diverse work experience. (few get this opportunity)
Knowledge Framework which will enable the participant to understand and learn the right lessons from his own past, present and future on-the-job experience.
Training that will empower the participant to identify, support and implement improvements in his work area, team, section, department, and organization.
Program related detailed knowhow, skills, competencies and process knowledge, and hands on practice on applying some of the key skills.
This 2 week programs add depth to the program topics covered in the first week, by including additional discussions on (as applicable) Risks, Prioritization, Quality Assurance, Strategic Considerations, Process and Control Automations, Early Warning Systems, Performance Evaluation, Key Performance Indicators, Improvements, Benchmarking, Innovation, Disruptive Innovation, Risk Management, and Work Standardization.
This program adds more case studies and hands on workshops to help apply what the participant has learnt during the program.
Domain Knowledge, process knowledge, and hands on practice of decisions on actually job situations.
The participant will become empowered and should become more Productive, Effective, Efficient, Customer Focused and Strategic Focused.
At the end of the program, the Participant will prepare a Customized Detailed Action Plan which will serve as the roadmap to implement some key improvements in his work area.
Benefits to the Organization Sponsoring Participants to this program
(Benefits made possible by Euro Training's unique, multidiscipline, customer focused, strategic focused, easy to understand and apply training methodology that relies on Industry Good and Best Benchmarked Practices)
Euro Training programs are different. They develop practical Job Skills.
This program is designed to make the participant aware of the domain processes, multi-discipline skills and competencies related to his job responsibilities.
Each program is customized and made useful for the particular participant group, our target is 90%+ topics directly applicable to the work today or in future.
Benefits you may see in participant post program...High level Job skills & competencies
Taking Initiative to Propose Improvements and help implement them
Build a Knowledge System for his Work Responsibility Area
Further, this program will Build Multi-Discipline Understanding, Skills and Competencies including (as relevant)...
Increased Technical and Process Knowhow
Awareness to the Need to align performance to the Needs and Expectations of Stakeholders/ Customers (internal & external)
Awareness of the Need to Align performance to Organizational Operational and Strategic Objectives.
Understanding Domain Good Management Practices, and, Awareness to meet Requirements and Recommendations of the Relevant Industry and Professional Standards.
Awareness to consider for possible application the Best Benchmarked Domain Practices that can assist making Dramatic Process Improvements, including (as relevant) Productivity Improvements, Product and Service Differentiation and Exceeding Stakeholder & Customer Expectations.
This training can be used to build a pool of trained manpower for your organization. After this training, you can consider purchasing special instructor training materials to build Internal Training Capacity and leverage your participants as Instructors. When you buy the instructor training materials you get access to Online eResources for your participants for 1 year.
Euro Training Instructors often act as mentors for participants (solely subject to instructor approval). Your participants can utilize this free service to ensure effective post program reinforcement and help when applying the ideas, skills and competencies acquired during the training.
Participant Individual Career Benefits
First, and most important benefit, is the positive self-esteem that will come from being able to do your work right first time and meet internal and external customer expectations.
Second, the Program developed Understanding, Skills & Competencies will help you successfully present your professional and Team skills at Job Interviews and Internal Performance Evaluation Reviews.
You gain a clear direction for analyzing, proposing and implementing improvements in his work area.
The detailed action plan you prepare and take away after the program will help you take improvement initiatives and make a positive difference in your performance on the job, team, business unit or organization. This difference after implementation and when added to your resume will make you a prime candidate for career advancement in your own organization or in your next job.
This program ensures you will learn about and understand the Strategic Alignment Aspects of your job (as relevant) and in the process enable you to understand how to make a leadership contribution in your work area, team, or organization.
Post program when you take decisions related to your work processes you will automatically consider (as applicable): Internal & External Customer Needs and Expectations, Technology Options, Helpful Tools and Methods, Consider Risks, Mitigate Risks, Take Actions that Increasing Productivity, Consider Legal & Contractual Aspects, Consider Intellectual Property Aspects, Pay attention to Safety and Security, Consider future Audit, Weigh Cost Benefit between options, Analyze Value Engineering Opportunities, Be Mindful of Key Performance Indicators (KPIs), Consider how Performance will be evaluated, Consider Data Analytic Opportunities, Be mindful of Artificial Intelligence Opportunities, Consider need for and Opportunity to Develop a Decision Support Knowledge Base, Consider need to perform Internal Training or Mentoring, Consider need for Setting-up an Internal Employee Certification System .... (and more multi-discipline aspects).
First, and most important benefit, is the positive self-esteem that will come from being able to do your work right first time and meet internal and external customer expectations.
Second, the Program developed Understanding, Skills & Competencies will help you successfully present your professional and Team skills at Job Interviews and Internal Performance Evaluation Reviews.
You gain a clear direction for analyzing, proposing and implementing improvements in his work area.
The detailed action plan you prepare and take away after the program will help you take improvement initiatives and make a positive difference in your performance on the job, team, business unit or organization. This difference after implementation and when added to your resume will make you a prime candidate for career advancement in your own organization or in your next job.
This program ensures you will learn about and understand the Strategic Alignment Aspects of your job (as relevant) and in the process enable you to understand how to make a leadership contribution in your work area, team, or organization.
Post program when you take decisions related to your work processes you will automatically consider (as applicable): Internal & External Customer Needs and Expectations, Technology Options, Helpful Tools and Methods, Consider Risks, Mitigate Risks, Take Actions that Increasing Productivity, Consider Legal & Contractual Aspects, Consider Intellectual Property Aspects, Pay attention to Safety and Security, Consider future Audit, Weigh Cost Benefit between options, Analyze Value Engineering Opportunities, Be Mindful of Key Performance Indicators (KPIs), Consider how Performance will be evaluated, Consider Data Analytic Opportunities, Be mindful of Artificial Intelligence Opportunities, Consider need for and Opportunity to Develop a Decision Support Knowledge Base, Consider need to perform Internal Training or Mentoring, Consider need for Setting-up an Internal Employee Certification System .... (and more multi-discipline aspects).
Registration Form
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Registration & Fee Information (2 Week Workshops)
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Fee information is also available at:
PROGRAM-FEE-PAGE
Special Discounts May be Available Please email scholarships@eurotraining.com.
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To register please send us an official letter confirming registration (on organizational letterhead or company email), or, send us a completed registration form above.
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Fees are Payable by Bank Transfer or Bank Draft.
2 week (80 hrs) 2 week (80 hrs) Process-by-Process Approach Training :
Classroom Training at USA, Dubai, Kuwait, New Delhi, Qatar USD $8,900 per participant.
Classroom Training at London, Europe, Malaysia, Singapore USD $9,790 per participant.
Online eTraining Fee USD $4,375 per participant.
Fee includes Course Materials, Certificate, Refreshments and Lunch (classroom programs).
Accommodation is not included in Program fee. Special rates may be available at venue hotel for participants.
A Special discount of 10% is offered for participants who pay their fees at least 45 days before start of the program.
Cancellation & Date Change: No Fee Refund if participant cancels his registration less than 3 weeks before start of the program. Alternate nominations may be allowed if requested atleast 2 weeks before program start. In case of exceptional hardship or emergency participant may be allowed to attend same program at another location or date on payment of 10% of fee.
All participants are required to fill in Participant Information Form and Program Related Questionnaire - on first day of the program.
Each program Undergoes Customization to Better Meet Participant Present and Future Job and Career Needs. Please be prepared to let the Instructor/s know about your organization's Special Needs, Interests or Initiatives.
It is always useful for participants to bring their existing problems or case studies, work-process flow charts or job related problems for discussion - consideration will be at sole discretion of the program director/s.
Provisional Registration : You can make a provisional registration request by sending us an email using an official email account. Provisionsl registration request, when confirmed by Ai Knowledge Systems, will reserve a seat for you for 14 days. After our Confirmation you have 2 weeks to send us an official registration request. Provisional registration is automatically cancelled at the earlier of (1) 2 weeks after Provisional Registration Confirmation if registration is not reconfirmed from your side (2) Two weeks before start of the program. We do request you to inform us ASAP you have decided either way.
Fees are Payable by Bank Transfer or Bank Draft.
2 week (80 hrs) 2 week (80 hrs) Process-by-Process Approach Training :
Classroom Training at USA, Dubai, Kuwait, New Delhi, Qatar USD $8,900 per participant.
Classroom Training at London, Europe, Malaysia, Singapore USD $9,790 per participant.
Online eTraining Fee USD $4,375 per participant.
Fee includes Course Materials, Certificate, Refreshments and Lunch (classroom programs).
2 week (80 hrs) 2 week (80 hrs) Process-by-Process Approach Training :
Classroom Training at USA, Dubai, Kuwait, New Delhi, Qatar USD $8,900 per participant.
Classroom Training at London, Europe, Malaysia, Singapore USD $9,790 per participant.
Online eTraining Fee USD $4,375 per participant.
Accommodation is not included in Program fee. Special rates may be available at venue hotel for participants.
A Special discount of 10% is offered for participants who pay their fees at least 45 days before start of the program.
Cancellation & Date Change: No Fee Refund if participant cancels his registration less than 3 weeks before start of the program. Alternate nominations may be allowed if requested atleast 2 weeks before program start. In case of exceptional hardship or emergency participant may be allowed to attend same program at another location or date on payment of 10% of fee.
All participants are required to fill in Participant Information Form and Program Related Questionnaire - on first day of the program.
Each program Undergoes Customization to Better Meet Participant Present and Future Job and Career Needs. Please be prepared to let the Instructor/s know about your organization's Special Needs, Interests or Initiatives.
It is always useful for participants to bring their existing problems or case studies, work-process flow charts or job related problems for discussion - consideration will be at sole discretion of the program director/s.
Provisional Registration : You can make a provisional registration request by sending us an email using an official email account. Provisionsl registration request, when confirmed by Ai Knowledge Systems, will reserve a seat for you for 14 days. After our Confirmation you have 2 weeks to send us an official registration request. Provisional registration is automatically cancelled at the earlier of (1) 2 weeks after Provisional Registration Confirmation if registration is not reconfirmed from your side (2) Two weeks before start of the program. We do request you to inform us ASAP you have decided either way.
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