Financial Accounting and Reporting (FA&R) Course in Oman

The Financial Accounting and Reporting (FA&R) Course in Oman focuses on the latest developments and best practices in corporate financial reporting. This course is tailored to cater to finance and accounting professionals. Through this training, participants can effectively evaluate financial reports.

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  • 24 Hours Training
  • Online / Classroom / Onsite
  • 27 Jul, 2024 / 27 Jul, 2024
  • Additional Program Dates
  • 100K+ Happy Students

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What is The Financial Accounting and Reporting (FA&R) Course in Oman All About?

The Financial Accounting and Reporting (FA&R) Course shows learners how to analyse profit and loss statements. Participants can assess financial statements and receivables, as well as acknowledge revenue. It also helps candidates understand the long-term liabilities and balance sheet account analysis.

 

Why is The Financial Accounting and Reporting (FA&R) Course in Oman Important?

The FA&R Course in Oman covers the updated financial reporting standards and regulations. This proficiency ensures compliance with evolving accounting standards and regulations. Additionally, it promotes financial transparency and trust among stakeholders for overall financial stability and growth.

How Does the Financial Accounting and Reporting (FA&R) Course in Oman Help You Get Hired by Companies?

Organisations prefer professionals who finished their FA&R Course in Oman. Certified professionals can offer small and midsize organisations a significant return on investment by enhancing financial transparency and decision-making. This is why they become a valuable asset to the company.

 

Industry Trends

The finance industry is quickly changing due to digitalisation and globalisation. This has created a huge demand for trained professionals in Finance Accounting and Reporting. Companies are offering lucrative jobs to such employees.

 

Market trends

Financial analyst employment is expected to expand by 5.5% between 2019 and 2029, as per the Bureau of Labor Statistics. Furthermore, Financial Analysts have been placed 18th in the category of the best job roles in the world.

Salary Trends

Financial reporting experts have a high earning potential due to their competence in the sector. According to a survey, the income of Financial Analysts would increase by 28% during the next 5 years. In Oman, financial analysts are earning a salary ranging between OMR 200 to OMR 300 per month.

Demand & Opportunities

The Financial Accounting and Reporting (FA&R) Course in Oman offers promising career opportunities. They can find opportunities in various industries, including banking, finance, manufacturing and government sectors.

Here are some job roles that benefit from the FA&R Course, which are as follows:

 

  1. Financial Accountants
  2. Auditors
  3. Financial Analysts
  4. Tax Consultants
  5. Budget Analyst
  6. Financial Controllers

Course Outcome

After completing the Financial Accounting and Reporting (FA&R) Course in Oman, the candidate will be able to do the following:

  • Determine the best structure and presentation of the financial statements
  • Identify periodical adjustments and their effects on financial statements
  • Reconcile recurrent and non-recurring transactions' assets, liabilities, equity, revenues, and expenses.
  • Determine the minimum disclosure requirements for major accounts of transactions in financial statements
  • Create comprehensive financial statements by starting with raw trial balances and ending with full disclosures

Course Module

  • The financial accounting cycle
  • Four or five key financial statements
  • Management uses of financial statements
  • Relationship among financial statements
  • Essential notes and disclosures to the financial statements
    • Basis of preparation
    • Accounting policies
    • Related parties' transactions
    • Contingencies
    • Risk management
    • Subsequent event
  • Simulation 1: Reporting on general information, the basis of preparation, and significant accounting policies

 

  • Minimum presentation requirements of balance sheet accounts
  • Definitions of accounts in the balance sheet
  • Correct presentation for the statement of owners' equity
  • Simulation 4: Mapping accounts and preparing equity and balance sheets using Excel
  • Accruals and unearned revenues
  • Prepayments and deferrals
  • Accounting estimates

 

  • Revenue and expense recognition: applying the accrual basis
  • Matching principle between revenues and expenses
  • Other comprehensive income components
  • Earnings per share reporting
  • Simulation 2: Mapping accounts and preparing income statements using Excel
  • Simulation 3: Creating Income Statement Disclosures

 

  • Exploring the three sections of cash flow statements
  • Direct versus indirect method of cash flow statement preparation
  • Linking cash flow statements to notes
  • Measuring and reporting accounts receivable
  • Estimating and accounting for bad debts
  • Costs to be capitalised in inventory value
  • Inventory cost flow assumptions
  • Presenting inventory at a lower cost or net realisable value
  • Simulation 5: Hands-on preparation of disclosures on current assets
  • Classifying, measuring, and recording long-lived assets
  • Repairs, maintenance, and additions to long-lived assets
  • Depreciation and amortisation
  • Disposal of long-lived assets
  • Accounting and reporting for intangibles
  • Accounting for investments
    • Passive investment, exercising significant influence or control
    • Types of equity and debt investments
  • Simulation 6: Hands-on preparation of disclosures on non-current assets
  • Definitions and classification of liability accounts
  • Types of ownership and stock
  • Accounting for capital and dividends
  • Simulation 7: Required disclosures on long-term obligations and equity
  • Wrapping it up: Linking notes to the face of financial statements

Program Dates

27 Jul
  • 11:00 AM
  • Sat
  • Online Live
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Expert Instructors & Teaching Methods

Dr Srinivas is a leading industry professional in the field of finance and accounting. He is an established corporate trainer with demonstrated experience in his field. He is the holder of some of the world’s most valued professional credentials such as CMA, CPA, PMP, CCA, CFE, etc. He has an extensive educational background as well in finance which establishes his mettle in designing, developing and delivering excellent training programs. His training records mark exceptional results in guiding and teaching professionals of all experience levels and from diversified backgrounds. He integrates his excellent presentation skills with the knowledge of educational theories and methodologies to provide onsite and virtual training that is of unparalleled quality. His high community services contribution also ascertains his commitment to training potential aspirants to become tomorrow’s professionals.

Education

  • ⦾ Ph.D. in Management, 2018 (Provisional yet to be received) OPJS University, India
  • ⦾ M.Sc. in Applied Psychology 2016, Bhartiyar University, India
  • ⦾ MBA in Finance 2012, Nagarjuna University, India
  • ⦾ LLB 1998, Osmania University, India
  • ⦾ M.Com 1994, Osmania University, India
  • ⦾ B. Com 1990, Osmania University, India

 

Professional Qualifications

 

  • ⦾ Certified Public Accountant, (CPA), The American Institute of Certified Public Accountants, U.S.A
  • ⦾ Certified Management Accountant, (CMA), The Institute of Management Accountants, USA
  • ⦾ Certified Fraud Examiner, (CFE), Association of Fraud Examiners, USA
  • ⦾ Certified Cost Accountant (ICWA-Inter), The Institute of Cost and Works Accountants of India, India
  • ⦾ Project Management Professional (PMP), Project Management Institute

Dr. Srinivas, PhD, MSc, MBA, LLB, CMA, CPA, PMP

Why Count on Learners Point?

Being the leading provider of Financial Accounting and Reporting Course in Oman, we have substantial experience in teaching relevant skills and knowledge.
Our FA&R Course in Oman offers the following advantages:

  • Our Financial Reporting courses in Oman are designed based on real-world scenarios, formulating and evaluating practical requirements
  • Our Financial Accounting and Reporting course strives to provide a reality check and insight into the requirements of a challenging role and how to fulfil it
  • Our Financial Accounting and Reporting training course also provides live interactive sessions and hands-on experience through assignments associated with the actual work environment
  • To enhance the learning experience of our students we provide organised group sessions and integrated training modules in our Financial Reporting courses
  • Our discrete approach to career guidance enables our students to get successfully placed in renowned organisations

Learners Experience

“After joining Learners Point for this course, my concepts have become clear. I am now updated with the latest techniques and trends in finance reporting. I recommend this course to everyone.”

Ibrahim Khan

Auditor

“The course is extremely informative and well structured. The staff and teachers are also nice. Overall, I am impressed with the course.”

Isabella Al Hosni

Budget Analyst

“Enrolling in the Finance Accounting and Reporting Course in Oman was the best career move. It helped me learn many aspects of finance, especially how to evaluate balance sheets. The instructors are also very knowledgeable.”

Samira Al Zadjali

Auditor

“I am very satisfied with the training program. Starting from the course module to case studies, everything is up to date. This is a very good course for anyone who wants to improve their finance and reporting knowledge.”

Anfal Shamsudeen

Financial Controller

“The FA&R Course in Oman at Learners Point changed my career. The course gave me a career boost. It built my self-confidence and knowledge. I am now promoted to the Financial Controller position in my company.”

Farida Zaal

Financial Controller

Our Graduates

Our graduates are from big companies, small, companies, they are founders, career changers and life long learners. Join us and meet your tribe!

FAQs on Financial Accounting and Reporting (FA&R) Course in Oman

The Financial Accounting and Reporting (FA&R) Course in Oman is delivered in two languages - English and Arabic
Yes. After the completion of the Financial Accounting and Reporting (FA&R) Course in Oman, you will receive a course completion certificate from LPA.
At Learners Point, after the registration, if a participant doesn’t wish to continue with the Financial Accounting and Reporting (FA&R) Course in Oman, he or she is entitled to a 100% refund. Refunds will only be issued if we receive a written application within 2 days of registration and the refunds will be processed within 4 weeks from the day of discontinuation.
The course fee for the Financial Accounting and Reporting (FA&R) Course in Oman starts from OMR 100.
After completing the Financial Accounting and Reporting (FA&R) Course in Oman, you will have expertise in the following aspects:
1) Financial Statement and Business Decisions
2) Income Statement
3) Balance Sheet and Statement of Owner’s Equity
4) Cash Flow Statement
5) Accounting Adjustments
6) Financial Reporting for Major Accounts and Transaction
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