This course presents the underlying framework and fundamental of Finance, Accounting & Budgeting in the context of how accounting fits into the overall business environment of contemporary society. Participants will learn how accounting functions as an information development and communication system that supports economic decision making and provides value to entities and society. As well this course provides an overview of the essential tools and the skills to build world-class standards into your budgeting. Important elements of this programme include making your budgeting process more efficient & effective.

• Understanding basics of Finance & Accounting
• Generally Accepted Accounting Principles (GAAP)
• Producing financial statements and analysis techniques
• Preparing efficient & effective budget
• Analyzing Financial indicators and using it in planning

• Explain basic accounting concepts, terminology, principles, processes and procedures that govern how the financial statements are prepared. and the relevance to a business department.
• Identify the basic principles used in safeguarding assets and insuring the accuracy of accounting records
• Understand the difference between accrual and cash basis accounting
• Know the importance of accounting in running businesses.
• Understand the accounting cycle.
• Explain the components of an annual report.
• Understand how financial information, primarily that provided by the financial statements, can be used to analyze business operations and make economic decisions
• Effectively prepare balance sheets and income statements.
• Analyze a set of financial statements to evaluate the business’ financial health.
• Differentiate the financing options available to a business and situations where each might be used.
• Explain how to prepare a budget and effectively manage the budgeting process
• How to implement advanced planning and control techniques into your budgeting process
• Know how to integrate the budgeting process with the development of the company’s long-term strategic vision
• Successfully build an integrated planning, budgeting and reporting process
• Know how to provide a decision support structure that provides timely and useful information to decision makers
• Apply management tools to the budgeting process that contribute to strategic goals
• Develop ways to increase profitability and performance through stream lined planning and reporting

• All professionals with financial responsibility
• Managers seeking to develop their understanding of the accounting methods
• All professionals with planning and budgeting responsibility
• Anyone with direct planning and budgeting responsibility
• Professionals responsible for management reporting
• Corporate governance directors and compliance officials
• Board level members who wish to develop their understanding of Budgeting & Planning
• Professionals who are working with financial organizations

• Measuring company performance
• Introduction to finance: Terminology
• Purpose of financial analysis and reporting
• The finance role in running businesses
• Accounting terminology
• Accounting as an Information System
• The Accounting Equation- what does it mean?
• Generally Accepted Accounting Principles
• Understand the nature, purpose and role of accounting
• The accounting environment
• Walking through an Annual Report
• The Role of External Auditor
• Users of accounting and financial information
• Fundamental Accounting Concepts Cash versus Profit
• Profit and profitability
• Distinguish between accounting and finance

• Understanding the Financial Statement
• Why are ratios useful
• Horizontal and trend analysis
• Vertical analysis: common size statements
• Building blocks analysis and reading through the numbers
• Limitations of financial ratio analysis

• Decision-Making Technique
  • Cost behavior: fixed, variable, semi-fixed cost
  • Understanding Cost behaviour and types of costs
  • Plan for Cost Reduction and Profit Improvement
  • Costing Approaches – Full Absorption, Marginal, ABC
  • Cost volume profit analysis (CVP)
  • Break-even Analysis
  • Contribution Margin
• Working Capital Management
  • Definition of working capital and working capital management
  • Working capital management strategies for current assets
  • Balancing profitability and liquidity
  • Working capital management strategies for current liabilities
  • A trade-off between profitability and certainty

• What is the budget?
• The objectives of budgeting
• Types of Budgets
• The budget process
• The Role of Budgeting
• How to identify problems and limitation of budgetary control?
• Approaches to Budget Development
• Using budgets to manage organizational performance
• Finance and budgeting teams- role in supporting strategic planning
• Capital budgeting techniques & Cash Flow
• Using Activity-based Budgeting
• Developing the Cash Budget
• Case study

• Business risk and cost of capital
• Classifying investment projects
• Analyzing investment and operating cash flows
• The time value of money concept
• The required rate of return
• Net Present Value (NPV)
• Internal Rate of Return (IRR)
• Multiple internal rates of return
• Modified Internal Rate of Return (MIRR)
• Profitability Index (PI)
• Payback period and discounted payback period
• Capital rationing
• Comparing and evaluating techniques

‘Internal Audit & Control Best Practices’ is a highly interactive training course, it helps participants to acquire the knowledge to understand the Internal Controls environment and the roles of the respective stakeholders in monitoring, evaluating and the implementation of internal controls best practices. By applying this knowledge, participants will develop the skill to perform an Internal Controls risk assessment to support the organization’s strategic objectives, improve its sustainability and leverage its ability to face future challenges.

• Reinforce key elements related to internal audit, its scope and function within the organization
• Understand the relationship between internal stakeholders and types of engagements with them.
• Distinguish the types of internal audit assignments related to operational, compliance or financial internal audit
• Develop engagement process based on considerations, objectives, scope and risk-based internal audit engagements
• Comprehending the organizational governance including principles, various frameworks, codes and legislation.
• Perceive ways to identify, analyze and manage the risks in your business.
• Identification of reportable items, report formulation, and methods of communication.
• Understand the organizational ethics, fraud, and role of internal auditing
• Recognize internal auditing’s role regarding, fraud prevention, detection, and investigation

• Internal auditors who wish to understand their role in the audit process and update the knowledge
• Accountants who wish to understand the scope of the audit and their role
• Financial executives who wish to gain a better understanding of the regulatory audit environment
• Supervisors and managers who are interested in updating, upgrading, and refreshing their knowledge in internal audit.
• Personnel within the public sector who need a better understanding of internal audit role
• Any other professional involved in the preparation for the audit process or the conducting of audit procedures

• Definition of internal auditing
• Overview of internal auditor’s roles and responsibilities
• Overview of the relationships of the internal auditor
  • Board of directors
  • Senior management
  • Audit committee
• Types of engagements
  • Assurance
  • Consulting
• Types of audits
  • Operational
  • Financial
  • Compliance

• Engagement plan (considerations, objectives, scope, risk-based internal audit engagements)
• Engagement resource allocation
• Developing the work program
• Various tools and techniques
• Performing the engagement
• Communicating the results
• Evaluating the audit performed

• Organizational governance
  • Corporate governance principles
  • Various frameworks, codes and legislation
  • The role of the audit committee and internal auditing
• Understanding risks and controls
• ERM, methods, processes, and structures
• The relationship between internal audit and risk management
• Various risk assessment processes (models and differences)
• Overall risk management methodologies (risk management framework)
• Control frameworks and procedures

• Identifying and communicating reportable items
• Communicating results:
  • Criteria (methods, add value, attributes of effective reporting, key summary reporting)
  • Quality
• Disclosing noncompliance issues
• Use of the term “conducted in accordance with…”
• Obtaining sufficient evidence to form an opinion
• Follow-up

• General understanding of organizational ethics
• The role of internal auditing
• General understanding of internal auditing’s role regarding:
  • fraud prevention,
  • detection
  • investigation
• Case Study

• Performing the usual accounting work
• Mastering the current operations
• Knowing how to master the accounting of stock management

• Beginer accountants
• Unique accountants
• Accounting collaborators

• Accounting for current operations
• Balance sheet and income statement
• Optimization of inventory management
• Definition of maintenance stock
• Different methods of inventory management
• The reliability of stocks by statistical analysis

• Mastering the organization of the accounting system
• Counting and validating current operations
• Performing the usual accounting controls

• Accountants
• Aid-accountants

• Controlling and accounting for purchase and sales invoices
• Mastering the rules and register VAT
• Process treasury transactions
• Calculation of taxable income and corporation tax
• Accounting for investment transactions
• Preparing year-end operations
• Calculation and recording of inventory transactions
• Reliability of accounts

• Evaluating and recording inventories, asset depreciation and amortization
• Counting and validating current operations
• Knowing how to carry out accounting controls
• Building balance sheet and profit and loss account

• Accountants
• Aid-accountants

• Respect the legal obligations
• Completing closing of investment transactions
• Evaluating and accounting for inventory
• Dealing with the closing of the receivables sales cycle
• Evaluating operating expenses and debts and investments and financings
• Knowing how to record a payslip
• Building balance sheet and profit and loss account
• Controlling and count sales invoices
• Checking and accounting for purchase invoices

• Mastering the context and framework of taxation
• Identifying the architecture of the tax system

• Managers
• Accounting officers
• Financial managers

• History of the tax system
• General architecture of the tax system
• Tax Expenditures and Budgetary Grants
• Tax audit
• Informal and tax evasion

• Knowing and understanding the main taxes that weigh on the company
• Risk management and corporate strategy

• Accountants
• Tax officials
• Legal officers

• The Moroccan tax system
• VAT: calculation and accounting
• Tax optimization
• Stakeholders