I. Introduction
The Professional Certificate in Accounting and Budgeting (PC-AB) equips business professionals with the essential knowledge and skills required to maximize success in corporate financial management. The PC-AB certification provides a comprehensive overview of effective accounting practices, account management, and budgeting. This course serves as a guide to understanding key financial terminology, establishing a robust financial reporting plan, managing accounts payable (AP) and accounts receivable (AR), and distinguishing between management and financial accounting.
II. General Objective
To provide a concise overview of accounting policies and practices, empowering professionals with the skills and expertise needed to manage business finances and accounts effectively.
III. Detailed Objectives
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Acquire the necessary skills to achieve peak success in corporate financial management.
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Master key financial and accounting terminology.
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Develop a comprehensive financial reporting framework.
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Manage operational accounts payable (AP) and accounts receivable (AR).
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Differentiate clearly between Management Accounting and Financial Accounting.
IV. Training Modules
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Module 1: Introduction to Financial Accounting
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The concept and role of accounting in the business environment.
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Generally Accepted Accounting Principles (GAAP).
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The Accounting Cycle: From recording to reporting.
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Types of accounts: Assets, Liabilities, Equity, Revenue, and Expenses.
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Journal entries and General Ledgers.
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Module 2: Preparation of Financial Statements
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Income Statement (Profit and Loss).
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Balance Sheet (Statement of Financial Position).
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Cash Flow Statement.
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Interrelationships between financial statements.
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Financial statement analysis for decision-making.
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Module 3: Costing Tools and Management Accounting
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Fixed vs. Variable costs.
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Break-even analysis.
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Cost centers and unit cost calculation.
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Direct and Indirect costs.
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Leveraging management accounting for decision support.
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Module 4: Budgeting and Financial Planning
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Concept and importance of estimated budgets.
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Types of budgets: Operating, Cash, and Capital budgets.
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Budget preparation steps.
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The difference between "Budget" (Estimated) and "Financial Statements" (Actual).
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Reviewing financial performance against the budget (Variance Analysis).
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Module 5: Financial Analysis and Decision Making
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Using financial ratios (Liquidity, Profitability, Efficiency).
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Financial trend analysis.
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Sensitivity analysis and forecasting scenarios.
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Utilizing Excel tools for financial analysis.
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Module 6: Auditing, Review, and Internal Controls
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Differences between Internal and External Auditing.
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Elements of a financial control system.
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Verifying the integrity of accounting records.
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Preventing financial manipulation and fraud.
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Principles of transparency and financial governance.
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V. Program Specifications
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Language: Arabic (with technical accounting terms in English).
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Duration: 30 Training Hours / 6 Days.
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Training Mode: Online (Remote).
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Accreditation:
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Local: University of Bisha - Mutqin for Professional Certificates.
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International: The CPD Standards Office (UK).
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VI. Program Outcomes
By the end of the program, trainees will be able to:
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Enhance efficiency in managing accounts and budgets using best practices.
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Analyze financial data to make strategic business decisions.
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Improve operational efficiency and financial transparency within organizations.
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Utilize modern technology in accounting and budget management.
VII. Target Audience
Professionals in the following fields:
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Finance and Investment.
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Accountants.
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Bookkeepers.
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Business Owners and Entrepreneurs.
VIII. Program Advantages
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Professional, integrated content covering practical accounting and budgeting.
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Real-world qualification for accounting roles and financial positions.
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Prepares participants for advanced certifications like CMA, CPA, or ACCA.
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Practical training using case studies and simulated budget models.
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Flexible learning with access to recorded live sessions.
IX. Examination Mechanism
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Format: Multiple Choice (MCQ) / True or False.
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Number of Questions: 30 Questions.
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Duration: 90 Minutes (1.5 Hours).
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Passing Grade: 70%.
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Method: Online via PC/Laptop.
