New Courses Addressing Some of the Professional and Practical Problems for Companies and Institutions
25 Jul 2007New courses dealing with the latest developments and addressing professional processes for companies and institutions, in addition to other topics in the field of accounting and business Administration, are being launched ,and they are:-
(1) Fair Value Accounting and Its Impact on the Quality of Financial Information
Objectives:
1. Providing the participants with comprehensive knowledge on the importance of fair value accounting in reflecting the economic reality of the company.
2. Discussing the advantages and disadvantages of historical costs and fair value measurement, regarding relevance and reliability of the accounting information.
3. Explaining the difficulties and problems facing the application of fair value in practice.
4. Discussing the International Accounting Standards dealing with measurement, recognition, and disclosure of fair value accounting.
5. Explaining and analyzing the external auditor’s role and responsibility in auditing fair value.
6. Providing the participants with case studies on the application of fair value.
Target Group
Financial managers and accountants in financial, industrial, and commercial Organizations, in addition to external auditors.
Contents:
Contents:
1. Definition and determination of the fair value of the financial instruments.
2. Basic requirements for measuring fair value.
3. Historical costs versus fair value:
a- Merits and dismerits of historical costs principle
b- Merits and dismerits of fair value.
a- Merits and dismerits of historical costs principle
b- Merits and dismerits of fair value.
4. Disclosure of fair value in financial statements.
5. Difficulties and problems facing measuring and implementing fair value in different types of organizations.
6. Advocates and critics of fair value accounting.
7. Fair value according to the International Accounting Standards (IAS). These Standards include the following : IAS No. 16 , 19 ,22 , 26 ,30 ,32 , 33 , 38 , 39 , 40 , and 41.
8. The role and the responsibility of the external auditor in auditing fair value information including measurement, recognition, and disclosure.
9. Case studies in application of Fair Value Accounting.
Course Duration: (25) Training Hours
Trainer:
Dr. Sulayman Atieh
Languages:
Conducted in both languages: Arabic and English
Trainer:
Dr. Sulayman Atieh
Languages:
Conducted in both languages: Arabic and English
(2) Earnings Management and Its Impact on Financial Reporting, and The risk on the future Existence of the Company
Objectives:
1. Providing the participants with comprehensive understanding of earnings management strategy, and explaining how this strategy is applied in practice to mislead some stakeholders about underlying economic performance of the company.
2. Explaining the incentives and motives for practicing earnings management such as increasing executives’ compensations, and influencing stock market.
3. Analyzing the methods and techniques used in earnings management, such as distortion application of generally accepted accounting principles, or application of inherently faulty accounting principles.
4. Discussing the methods used in assessing earnings quality for evaluating the profitability and financial health of the company.
5. Discussing the responsibility of the independent auditors regarding the earnings management with regards to the international auditing standards.
6. Case Studies in earnings management such as Enron Corporation in the U.S.A. to show the results of practicing.
7. Earnings management on the existence of the company.
Target Group:
Financial executives in different organizations, accountants, controllers, auditors, audit committees members with financial background.
Contents:
Financial executives in different organizations, accountants, controllers, auditors, audit committees members with financial background.
Contents:
1. Definition and explanation of earnings management.
2. Earnings management strategy.
3. Incentives and motivations for earnings management, such as :
a- Maximizing executive compensations
b- Influencing stock market
c- Reducing the likelihood of violating lending agreements
d- Smoothing income
e- Cases on these motives.
a- Maximizing executive compensations
b- Influencing stock market
c- Reducing the likelihood of violating lending agreements
d- Smoothing income
e- Cases on these motives.
4. Forms and means of earnings management, such as :
a- Unsuitable revenue recognition
b- Appropriate accruals and estimates of liability
c- Excessive provisions and allowances
d- Examples and case studies on these forms and techniques.
a- Unsuitable revenue recognition
b- Appropriate accruals and estimates of liability
c- Excessive provisions and allowances
d- Examples and case studies on these forms and techniques.
5. Earnings management methods :
a- Method within GAAP and IAS
b- Methods outside the scope of GAAP and IAS ( Fraud )
a- Method within GAAP and IAS
b- Methods outside the scope of GAAP and IAS ( Fraud )
6. Assessing earnings Quality.
7. Earnings management and creative accounting.
8. Methods of detecting earnings management.
9. The role and the responsibilities of the auditors according to auditing standards.
10. Audit committees and earnings management
11. The impact of earnings management on the financial health of the company.
12. Case studies on earnings management covering: incentives of earnings management, detecting earnings managements, means and procedures of practicing earnings managements, and the impact of earnings management on the existence of the company.
Course Duration:
(25) Training Hours
Trainer:
Dr. Sulayman Atieh
Languages:
Conducted in both languages: Arabic and English
(25) Training Hours
Trainer:
Dr. Sulayman Atieh
Languages:
Conducted in both languages: Arabic and English
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