Accounting and Finance World Bank Compliant Seminar or Course

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HRODC Postgraduate Training Institute, A Postgraduate-Only Institution

Comments about Accounting and Finance World Bank Compliant Seminar or Course - At the institution - London - Greater London

• Course description
  Part 1: A Conceptual Framework: Setting the Scene The Accountant and the Accounting Environment Ø  Accounting – Defined;Ø  The Development of a Conceptual Network;Ø  External Reporting;Ø  Internal Reporting;Ø  Types of Business Entity:·         Sole Trader;·         Partnership;·         Limited liability Company.Ø  Formation of Business Entity;Ø  Running the Business;Ø  Accounting Information;Ø  Meeting Obligations;Ø  Users and Their Information Needs;Ø  General and Specific Purpose;Ø  Agency Theory. A System Approach to Financial Reporting: The Accounting Equation Ø  Assets and Liabilities;Ø  The Accounting Equation – Statement of Financial Position;Ø  Alternative Ways of Expressing Accounting Equation;Ø  Asset:·         Definition;·         Examples;·         Recognition.Ø  Liabilities:·         Definition;·         Examples;·         Recognition.Ø  Ownership Interest;Ø  Changes in Ownership Interest;Ø  Subtracting;Ø  Causes of Changes in ownership Interest;Ø  Revenue and Expense;Ø  Net Impact of Business Transaction;Ø  Equation for Change in Ownership Interest. Financial Statements from the Accounting Equation Ø  Primary Financial Statements;Ø  Financial Statement Preparation;Ø  Statement of Financial Position – Balance Sheet;Ø  Other Forms of Statement – Horizontal and Vertical;Ø  Income Statement;Ø  Statement of Cash Flows;Ø  Subdivision of Cash Flows;Ø  Profit Does Not Equal Cash;Ø  Practical Illustration;Ø  Debit and Credit Recording;Ø  Analysis of Transaction;Ø  Trial Balance. Ensuring the Quality of Financial Statements Ø  Qualitative Characteristics;Ø  Relevance and Reliability;Ø  Measurement Principles;Ø  Materiality;Ø  Prudence;Ø  Regulation;Ø  Reviewing Published Financial Statements. Management Accounting Ø  Introduction;Ø  Meeting the needs of internal users;Ø  Management functions;Ø  Role of management accounting;Ø  Judgments and decisions: case study illustrations;Ø  Terminology of management accounting;Ø  Cost:·         Definition of a Cost;·         The Need for Cost Classification;·         The Meaning of 'Activity';·         Variable Costs and Fixed Costs;·         Direct Costs and Indirect Costs;·         Product Costs and Period Costs;·         Cost Classification for Planning, Decision-Making and Control;·         Cost Coding;·         Cost Selection and Reporting.  Part 2: World Bank Overview and Its Financial Aspects  Introduction to World Bank Ø  Strategies:·         Comprehensive Development Framework;·         Country Assistance Strategies;·         Poverty Reduction Strategies;·         Non-lending Activities;·         Debt Relief (HIPC);·         Low Income Countries Under Stress. Ø  Country Diversity:·         Low Income Countries;·         Middle Income Countries;·         Fragile and Conflict-Affected Countries. Ø  Development Effectiveness:·         Harmonization;·         Alignment;·         Aid Effectiveness Review. Ø  Project Database:·         Country lending Summaries;·         What is a Project?;·         Project Major Sector;·         Procurement Method;

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