Financial and Managerial Accounting Associate (FMAA)

Financial and Managerial Accounting Associate (FMAA)

ﺷﻬﺎدة اﻟﻤﺤﺎﺳﺐ اﻟﻤﺎﻟﻲ واﻹداري اﻟﻤﺴﺎﻋﺪ

Objectives:

Upon completion, the trainee will be better able to:
  • Identify the accounting cycle and prepare journal entries and trial balances.
  • Analyze the four basic financial statements and interpret their indicators.
  • Calculate and interpret key financial ratios (liquidity, leverage, activity, and profitability).
  • Prepare operating and financial budgets and understand their various methodologies.
  • Apply cost management concepts, analyze variances, and support managerial decisions.
  • Become familiar with professional ethics as outlined in the Institute of Management Accountants and the Fraud Triangle.

Topics:

  • Role of accounting in business
  • Comparison of management accounting to financial accounting
  • Types of businesses
  • The accounting equation
  • Common accounting terminology
  • Accounting principles
  • Double-entry bookkeeping
  • Analyzing a business transaction
  • The accounting cycle
  • Recording journal entries
  • General ledger
  • Trial balance
  • Definition of asset, liability, revenue, expense, and equity
  • Balance sheet
  • Income statement
  • Statement of changes in equity
  • Statement of cash flows
  • Internal control risk
  • Organizational structure and management philosophy
  • Policies for safeguarding and assurance
  • Working capital
  • Cash management
  • Accounts receivable management
  • Inventory management
  • Accounts payable management
  • Recognition and valuation in financial statements
  • Asset valuation
  • Valuation of liabilities
  • Revenue recognition
  • Equity transactions
  • Income measurement
  • Common-size financial statements
  • Common base year financial statements
  • Liquidity
  • Leverage
  • Activity
  • Profitability
  • Performance goals
  • Characteristics of a successful budgeting process
  • Master budget
  • Flexible budgeting
  • Rolling budget
  • Zero-based budget
  • Operational budgets
  • Financial budgets
  • Capital expenditures budgets
  • Cost behavior and cost objects
  • Fixed costs vs. variable costs
  • Actual and normal costs
  • Standard costs
  • Product/service costing systems
  • Classifying fixed, variable, and mixed overhead expenses
  • Corporate-wide vs. departmental overhead expenses
  • Allocation of overhead costs to products
  • Comparison of actual results to planned results
  • Use of flexible budgets to analyze performance
  • Price and efficiency variances for direct material and direct labor
  • Overhead variance
  • Product profitability analysis
  • Business unit profitability analysis
  • Customer profitability analysis
  • Return on investment
  • Breakeven analysis
  • Sunk costs and opportunity costs
  • Marginal costs and marginal revenue
  • Ethical decision making
  • Types of business fraud
  • IMA Statement of Ethical Professional Practice
  • The fraud triangle

Evaluation and resolution of ethical issues

Prerequisites:

N/A

Trainer:

Firas Abu Qtaish

Firas Abu Qteish joined Ritaj’s Team in 2015. As a certified professional and a financial manager, Firas has a wealth of experience in training groups on specific financial topics ranging between analysis and certification.

Prior to stepping into the training field, Firas has chosen to build and strengthen his knowledge in particular areas such as budget policies, compliance, compliance, reviewing and interpreting accounting and financial management policies, procedures, standards and statutes.

With his current position as Head of Risk management at Palestine Investment Bank Holding and a previous position at the AB Invest-?the investment arm for Arab Bank Palestine, Firas has influenced his training approach by linking theory with practice using actual case studies from the Palestinian economy and relating it to the international standards of professional certification. He has both the CMA & CIA, CRMA credentials in addition to the CFA.

For more information:

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Financial Analysis (FAS)

Financial Analysis Skills (FAS)

مهارات التحليل المالي

FAS Objectives

  • Understand the fundamentals of financial statements, including how the statements link and the key accounting principles that govern them
  • Analyze the balance sheet of companies and assess their position
  • Analyze the income statement of companies and assess their performance
  • Carry out ratio analysis and assess the drivers of performance
  • Analyze the cash flow statement of companies and assess the cash flow drivers
  • Carry out an overall appraisal of a company based on financial and operating data
  • Compare a company’s performance against that of its industry peers to gain valuable insights.

FAS Topics

The process, purpose and context of accounting

  • Background accounting knowledge for analysts to help understand the basis of financial statements

The primary financial statements and how they link

  • Balance sheet: Showing the position of a company
  • Income statement: Showing the performance of a company
  • Cash flow statement: Showing the difference between a company’s ability to generate and spend cash

Key accounting principles and terms

  • Accruals concept
  • Going concern
  • Double entry
  • Accounting Standards

Analysis of the Balance Sheet

  • Non-current assets
  • Intangibles
  • Current assets
  • Creditors and debt
  • Equity capital and reserves

Analysis of the income statement

  • Different types of profit metric: Gross profit, operating profit, net profit
  • Classification of expenses: Cost of sales, operating expenses
  • Capitalization vs. expense
  • EBIT, EBITA, EBITDA

Ratio analysis

  • Horizontal Analysis
  • Vertical Analysis
  • Liquidity Analysis
  • Solvency Analysis
  • Profitability Analysis
  • Asset Management
  • Performance: Margin ratios, return on equity
  • Working capital: Inventory days, receivable days, payable days
  • Debt service: Interest cover
  • Leverage: Debt: EBITDA, Debt: FCF

Analysis of the cash flow statement

  • How to analyze the cash flow statement: Asset management, operational management, financing strategy

Prerequisites

Basic understanding of accounting and/or finance.

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Chartered Financial Analyst (CFA)

Chartered Financial Analyst (CFA)

CFA Objectives

By the end of the trainings, participants will be able to:

  • To identify the main tested areas in the CFA level 1
  • To introduce an efficient methodology to prepare for the CFA
  • To discuss tips and tricks to pass the exam
  • To manage time in order to cover the material
  • To prepare practically for the exam

CFA Topics

Level I CFA exam will cover the following topics:

  • Ethical and Professional Standards
  • Quantitative Methods
  • Economics
  • Financial Reporting and Analysis
  • Corporate Finance
  • Portfolio Management
  • Equity
  • Fixed Income
  • Derivatives
  • Alternative Investments

Prerequisites

An individual wishing to enroll in the CFA Program and register for the Level I exam for the first time must possess an international travel passport. In addition, candidates must meet one of the following requirements:

  • Have earned a bachelor’s (or equivalent) degree, or be in their final year of a bachelor’s program.
  • Have accumulated four years of applicable professional work experience (not required to be investment related).
  • Candidates may also have a combination of full-time professional experience and education that totals a minimum of four years. The four years of experience/education must be accrued prior to enrollment in the program. This article has more details.

Delivery

The content is divided into 6 sections. Participants are expected to study each section before the session.

Plan

Introduction to the methodology
Study time (section 1) two weeks
Seminar 5 hours
Study time (section 2)
Seminar
Study time (section 3)
Seminar
Study time (section 4)
Seminar
Study time (section 5)
Seminar
Study time (section 6)
Seminar
Review workshop day 1
Review workshop day 2
Review workshop day 3
Review workshop day 3

Study Plan

The average candidate for Level I of the CFA exam should spend roughly 300 hours over the course of six months preparing for the exam

To learn more fill the following form (English or Arabic) and a training consultant will call you:

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Thank you for your response. ✨