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Beacon FinTrain

Provides an array of professional business and financial training services that stem from improving a corporate's treasury workflow —all the way to efficient, finance training programs.

Course Overview

All Companies should ensure that the principles and practices used in modern accounting are implemented to make sure that proper financial controls are maintained
This course will guide you through the accounting process, so by the end of this course, you’ll be able to read the three most common financial statements: the income statement, balance sheet, and statement of cash flows. Then you can apply these skills to a real-world business setting.
You will also analyze accounting concepts applied within different business scenarios, analyze financial statements and other related business practices to improve organizational effectiveness.

Learning Outcome

Differentiate Between Finance and Accounting

Identify Different accounting terminologies

Explain the format of the income statement and balance sheet

Define various financial statement terms

Prepare a simple income statement and balance sheet

Build a solid financial model

Course Outline

  • Difference Between Finance and Accounting
  • Basic Accounting Concepts
  • Accounting Equation
  • Purpose of Financial Statements

  • The Balance Sheet
  • Income Statement
  • Cash-Flow Statements
  • Statement of Owner Equity
  • Preparing Simple Financial Statements

  • Understanding the Monthly Closing Process
  • Overview of the monthly accounting cycle
  • Importance of monthly closing for financial reporting
  • Timeline and key activities involved in the monthly closing process

  • Explanation of consolidation in accounting
  • Importance of consolidating financial statements for group reporting
  • Types of entities subject to consolidation (e.g., parent companies, subsidiaries, affiliates)
  • Consolidation Methods

  • Preparing Simplified Financial Statements



  • Return on investment (ROI)
  • Residual Income. (RI)
  • Free cash flow (FCF) used by “venture capitalist “
  • EVA Economic Value Added



Who Should Attend

Professionals seeking to refresh their accounting knowledge = Small business owners managing their own finances = Individuals interested in understanding basic accounting principles = Anyone considering a career in finance or business

Waleed Arafat

Chief Marketing Officer MEA