Financial Accounting & Reporting (FA&R) Course in Saudi Arabia

The Financial Accounting and Reporting (FA&R) course in Saudi Arabia is structured to cultivate a comprehensive understanding of the significance of financial reporting in the corporate realm. With a focus on the latest developments and best practices in corporate financial reporting, this course is tailored to cater to finance and accounting professionals.

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

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What is This Financial Accounting and Reporting (FA&R) Course in Saudi Arabia All About?

The Financial Accounting and Reporting course in Saudi Arabia offers a comprehensive study of crucial financial accounting information. It also teaches how to present it in financial statements effectively. It focuses on key concepts and the business context for financial reporting, analysis, and interpretation of financial reports. It has a special emphasis on understanding the framework, structure, and format of financial statements.

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

The Financial Accounting and Reporting course in Saudi Arabia is important due to the rapid developments in accounting standards, regulations, and industry practices. By acquiring solid and practical experience in corporate financial reporting, one can effectively record, report, and disclose regular and unusual business transactions.

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

Companies in Saudi Arabia value professionals who have completed the Financial Accounting and Reporting course for several reasons. Firstly, these experts possess specialized knowledge to navigate complex accounting regulations within the country's unique regulatory framework. Secondly, certified professionals enhance financial transparency and decision-making for small and midsize organizations, providing a significant return on investment.

Industry Trends

With the latest developments and best practices covered in the Financial Accounting and Reporting course, professionals gain a competitive edge in the finance reporting industry. The increasing demand for skilled financial experts creates ample opportunities for certified individuals to secure promising careers in various sectors.

Market trends

The Bureau of Labor Statistics projects an 11% growth in employment for accountants and auditors from 2014 to 2024 in the region, indicating promising opportunities for those who have completed the Financial Accounting and Reporting course.

Salary Trends

Professionals with expertise in financial reporting can expect impressive earning potential, with the average salary for Financial Reporting Analysts at $72,267 (SAR 271,654) per annum as of April 27, 2021, falling between $59,373 (SAR 222,331) and $86,932 (SAR 326,228). 

Demand & Opportunities

The Financial Accounting and Reporting course in Saudi Arabia offers promising career opportunities. In this course individuals gain the necessary competencies for related roles, leading to top-notch career prospects. Companies in Saudi Arabia seek qualified professionals to maintain their financial records and prepare accurate reports, making the demand for certified accountants high.

Here are some job roles that benefit from the Financial Accounting and Reporting course in Saudi Arabia (as observed in popular job portals):

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

Course Outcome

Successful completion of our Financial Accounting and Reporting course in Saudi Arabia will help you to:

  • Master financial accounting for statement preparation
  • Analyze financial statements for insights
  • Develop Integrated Reports with diverse data
  • Use Excel for efficient reporting
  • Communicate financial performance effectively

Course Module

  • The financial accounting cycle
  • Four or five key financial statements
  • Management uses 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 a 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 a 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 capitalized in inventory value
  • Inventory cost flow assumptions
  • Presenting inventory at a lower cost or net realizable 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 amortization
  • 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 providers of the Financial Accounting and Reporting course in Saudi Arabia, at Learners Point we help professionals master the necessary skill sets to complete the Financial Accounting and Reporting course in Saudi Arabia.

Following are the USPs our Financial Accounting and Reporting course in Saudi Arabia offers you:

  • We look at real-world scenarios organizations face and formulate our Financial Accounting and Reporting course evaluating practical requirements.
  •  Apart from theoretical knowledge, we also focus on practical case studies to give you a reality check and insight into what exactly will be asked of you while delivering in a demanding role.
  • Our bespoke Financial Accounting and Reporting course in Saudi Arabia also equips you with hands-on experience by offering assignments related to the actual work environment.
  •  Apart from organizing group sessions, we also offer a guided learning experience to enhance the quality of our Financial Accounting and Reporting course in Saudi Arabia.
  •  We also take a discrete approach to career guidance so that one can be successfully placed as a professional.

Learners Experience

"Learners Point Academy's Financial Accounting and Reporting course has been a pivotal experience in my career development. The course structure is well-designed, and the instructors bring real-world insights to the classroom. I can confidently say that this course has contributed significantly to my proficiency in financial reporting and analysis."

Khalid Mansour Al-Ghamdi

Senior Financial Analyst

"The Financial Accounting and Reporting course at Learners Point Academy is a game-changer for finance professionals. The course not only covers the fundamentals but also delves into advanced topics, making it suitable for professionals at various career stages. The knowledge gained has proven invaluable in my role as a Finance Manager."

Fatima Abdulaziz Al-Muhanna

Finance Manager

"As an Audit Manager, staying updated with the latest accounting standards is crucial. Learners Point Academy's Financial Accounting and Reporting course exceeded my expectations. The course material is detailed, the instructors are industry experts, and the interactive learning environment ensures a thorough understanding of intricate accounting concepts."

Mohammed bin Saud Al-Rashid

Audit Manager

"I am extremely pleased with the Financial Accounting and Reporting course at Learners Point Academy. The course content is not only relevant but also delivered in a way that makes complex accounting principles easy to grasp. The practical approach has significantly improved my day-to-day accounting practices."

Sarah Abdullah Al-Mansoori

Senior Accountant

"The Financial Accounting and Reporting course at Learners Point Academy has been instrumental in enhancing my team's skills. The comprehensive curriculum and expert instructors provided invaluable insights, enabling us to navigate complex financial scenarios with confidence. Highly recommended for professionals seeking advanced financial expertise."

Dr. Ahmed Al-Farsi

Chief Financial Officer

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 & Reporting (FA&R) Course in Saudi Arabia

The FA&R course in Saudi Arabia equips participants with skills in financial statement preparation, analysis for valuable insights, integrated reporting with diverse data, efficient Excel reporting, and effective communication of financial performance.
Certainly, upon successful completion of the Financial Accounting and Reporting course in Saudi Arabia, you will be awarded a course completion certificate issued by LPA. Additionally, you will receive a certificate from the accreditation body, if applicable.
At Learners Point, if a participant doesn’t wish to proceed with the Financial Accounting and Reporting course in Saudi Arabia after the registration due to any reason, he or she is entitled to a 100% refund. However, the refund will be issued only if we are notified in writing within 2 days from the date of registration. The refund will be processed within 4 weeks from the day of exit.
The Financial Accounting and Reporting course in Saudi Arabia is delivered in two languages - English and Arabic.
The training sessions of the Financial Accounting and Reporting course in Saudi Arabia at Learners Point are interactive, immersive, and intensive hands-on programs. We offer 3 modes of delivery and participants can choose from instructor-led classroom-based group coaching, one-to-one training sessions, or high-quality live and interactive online sessions as per convenience.
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