Conference on Accountants Forum
Overview:
Introduction:
Conference Objectives:
By the end of the conference, participants will be able to:
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Enhance their knowledge about the evolution of financial information systems amidst increasing financial risks within business organizations.
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Apply knowledge of the new International Financial Reporting Standards (IFRS) and understand the changes accompanying the implementation of these standards on international and Arab business environments.
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Utilize and benefit from financial reports through critical analysis, enabling judgment on the financial strength and stability of organizations and contributing to informed managerial decisions.
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Forecast future financial performance and report on instances of financial success or failure within organizations, reviewing financial restructuring approaches.
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Identify professional issues arising from the implementation of certain accounting treatments for various accounting standards.
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Use a range of modern financial tools to determine budgetary allocations in financial risk management.
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Apply skills in dealing with real-world problems in practical financial risk management applications.
Target Audience:
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Accounting department managers and financial managers.
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Accountants and auditors across all sectors.
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Providers of accounting and auditing technology programs.
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Relevant government and private entities.
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Local and international accounting firms and offices.
Conference Outline:
Unit 1:
Evolution of International Accounting Information Systems:
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Abolition of International Accounting Standards (IAS) in 2011.
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Evolution of accounting information systems according to the economic relevance of international standards.
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A joint project to develop accounting theory: IASB & FASB 2005 - 2011.
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Issuance of International Financial Reporting Standards (IFRS) 2010.
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International Financial Reporting Standards Foundation (IFRS Foundation)
Unit 2:
2010 IFRS and IAS Financial Reporting Standards: Presentation of Financial Statements according to International Standards:
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Draft IFRS – 7, IAS – 1: Presentation of Financial Statements.
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Presentation of the Balance Sheet.
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Presentation of the Comprehensive Income Statement.
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Presentation of the Cash Flow Statement.
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Supplementary explanations.
Unit 3:
Modern Strategies in Financial Performance Reporting and Analysis:
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Vertical and Horizontal Analysis of Financial Data.
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Financial Ratio Analysis.
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Benchmarking.
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Strategic Financial Analysis of Financial Statements
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Balance Sheet Analysis.
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Comprehensive Income Statement Analysis.
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Cash Flow Statement Analysis.
Unit 4:
Financial Risk Management:
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Principles of Financial Risk Management.
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Steps in Financial Risk Management, and Dealing with Risks.
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Developing a Plan to Address Risks.
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Reviewing, Evaluating, and Implementing the Plan.
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Constraints and Obstacles.
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Areas of Financial Risk Management Application.
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Financial Risk Management and Contract Continuity.
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Methods of Dealing with Financial Risks.
Unit 5:
Principle of Mitigating Risks and Damages After Realization:
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Compensable Damage.
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Anticipated Damage in National Legal Systems.
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Formulation of the Rule in European Contract Principles.
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Principle of Full Compensation, Function and Source of Compensation.
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Obligation to Mitigate Damage.
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Methods of Implementing the Obligation.
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Effects of Fulfilling the Obligation to Mitigate Damage.
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Consequences of Non-Fulfillment of the Obligation to Mitigate Damage.