Introduction

    The importance of training courses is not only limited to professional life, as most of us think but training courses aim to transfer knowledge and practical experiences that enrich the skills of individuals and enhance their self-confidence, which contributes to the preparation of cadres which in turn contributes to the development and progress of institutions. Therefore, Strategic Vision Training Center aims to enhance the skills and experiences of individuals through the strongest training programs to keep pace with every development in the labor market.

Objective

• Providing participants with the latest advanced practices in government accounting, especially the publications of the International Federation of Accountants for the government sector, which leads to improving the efficiency and effectiveness of government accounting performance.
• Providing participants with the skills of applying accounting procedures on an accrual basis and determining the expenses and revenues of the financial period in accordance with international standards
• Providing participants with the skill of closing accounts and preparing final accounts and budgets in accordance with IPSAS International Government Accounting Standards
• Introducing participants to the latest electronic financial systems and ERP systems, such as Oracle, SAP and others, and the procedures for their application and the success factors of applying systems in account management
• Providing participants with the skill of preparing accounts and recording all financial transactions in an integrated system that ensures the accuracy of accounting information and the provision of effective financial reports to assist management in making decisions

Course content:

Module One:
Governmental Accountability and the Transition to the Accrual Basis

• The general framework for accountability in government units.
• Basis of accounting measurement used in governmental accounting.
• Governmental accounting and shifting from cash to accrual basis
• Accrual and cash based international government accounting standards
• The general framework of international accounting standards in the government sector IPSAS
• Requirements for the application of IPSAS International Standards for Government Accounting in governmental institutions.

Module Two:
 Introduction to Modern Electronic Financial Systems:

• ERP System concept
• Objectives of the system and its importance for organizations
• The difference between information processing systems and ERP systems
• The most famous ERP System and its accounting applications
• Familiarity with SAP, IFS, Oracle

The importance of the system in managing accounts

Module Three:
 Requirements for the ERP System Application in Account Management

• Components of the ERP System
• Professional services needed to implement the system
• Steps to apply and use the ERP System in managing accounts
• Evaluation of the use of the ERP System in the management of accounts
• The structure of the new government accounts and financial statements in the light of modern financial systems

Module Four:
 Accounting for Government Revenues and Expenditures According to International Standards

• Accounting for revenue from transactions from exchange transactions
• Accounting for non-exchange revenue
• Accounting for wages, salaries and employee benefits
• Accounting for lease contracts
• Reconciliation of expenses and revenues
• Settlement of covenants, trusts, current and regular accounts

Module Five:
 Accounting Treatment of Assets, Property, Government Obligations and Closing of Accounts

• Accounting for fixed assets and depreciation
• Accounting for inventory, damaged and lost items
• Accounting for government investments
• Accounting for depreciation of assets after acquisition
• Accounting for provisions, liabilities and potential assets
• Closing government final accounts
• Preparing and presenting government financial statements
• View cash flow data