Accounting is considered one of the most important social sciences, and no company, institution, government, or other entity is exempt from using it. Perhaps understanding accounting from a non-specialized perspective is a priority for company owners, investors, and even individuals, to achieve the necessary understanding of how money flows and is managed, which allows for the best possible economic efficiency.

This course is designed to provide learners who are not accountants and financial professionals with the knowledge necessary to read and understand published financial statements accompanied by the necessary disclosures. This will also provide the opportunity to understand the importance of using certain International Financial Reporting Standards (IFRS).

We will discuss:

• The legality of international standards and the extent of their binding in countries of the world
• The role of international standards in maintaining the stability of capital markets
• Applying international standards in preparing financial statements and the latter’s role in preserving the funds of creditors, lenders and shareholders
• Contents and elements of the income statement
• Budget contents and elements
• Book value and shareholders’ equity in companies
• Definition of the cash flow statement, which is considered one of the most important financial statements
• How to link the actual financial statements with the estimated budgets at the beginning of each year
• The latest financial analysis methods used by lenders, investors and departments