General Goal: increase and deepen knowledge of modern accounting concepts and methods in accordance with international accounting and auditing standards and obtain an officially recognized certificate in a number of Arab countries for the purposes of practicing the accounting and auditing profession.

Target Groups: All those specialized in accounting and auditing, financial managers, auditors, financial analysts and administrative officers in all ranks, as well as those who wish to increase and deepen their knowledge of modern accounting concepts and methods in accordance of international standards of accounting and auditing. And those wishing to obtain a certificate officially recognized in a number of Arab countries, for the purpose of practicing the profession accounting and auditing.

Outline: During the course, the subjects prescribed for the “IACPA” curriculum will be discussed and explained, and include the following topics:

First paper: Economics and Finance
• Introduction to economics and the economic problem
• The supply and demand model and its applications
• Product behavior and market structures
• Macroeconomics and its applications
• Money market and government policies
• Preparing capital budgets and evaluating projects
• The nature and purpose of financial management
• Capital structure and cost
• Working capital for management
• Investment analysis and the role of financial markets
• Financial risk management
• Short-term financing and preparing capital budgets

Paper Two: Accounting
• The framework for preparing and presenting financial statements
• Display financial data
• Income statement items
• Statement of cash flows
• Disclosure of financial statements
• Cash and receivables
• Inventory
• Property, plant and equipment
• Intangible assets
• Property rights
• Lease contracts
• Financial instruments
• Current liabilities and contingent items
• Consolidated and separate financial statements and mergers
•Business
• Construction contracts
• Accounting firms
• The concept, accounting and reporting of non-profit organizations.
• Government accounting.
• Basics of cost determination.
• Costing approaches (absorption and variable costs).
• Costing systems (work order, ABC, operations).
• Cost allocation (common costs and service department costs).
• Cost control



Third paper: Auditing
• General objectives of the audit and acceptance of the audit process.
• Planning the audit process and obtaining an understanding of the nature of the client and the environment in which he operates.
• Internal Control.
• Risk assessment and response.
• Design and implement the audit program (1): compliance tests.
• Design and implementation of the audit program (2): fundamental tests.
• Evaluating evidentiary evidence.
• Issuing the report.
• Providing audit services.
• Providing other assurance services and services.
• Relationship and quality control.

Fourth paper: Regulations
1. Taxes
2. Business and trade law
3. Corporate governance