Current Principles in Financial Regulations and Management of Digital Transactions

The international best practices in financial accounting, reporting and regulation is a vast subject area of huge importance globally, with interest rising significantly in the light of the ongoing global financial crisis.

This specialised course details the accounting standards that embody societal and professional values and contribute to the distribution of financial benefits that put international harmonization of standards into the limelight. The training helps finance officers develop a sound, broad overview of the subject of accounting, setting the stage for the theoretical and practical issues and debates regarding financial reporting, which are expanded on in the later sessions of the course.

These include how to define the reporting entities, recognition and measurement of the elements of financial statements, fair values in financial reporting and the costs/benefits of transactional disclosures. The course further reviews assessment of interest rates, need and theories behind the accounting, reporting and regulation industry.

Participants further benefit from a thorough review of institutional, social, and economic aspects of financial regulations, including issues such as accounting for environmental management, accounting regulation and financial reporting in Islamic countries, and other issues of increasing importance in financial accounting principles.

Materials shared during the course provide a comprehensive reference source for senior and middle level finance managers involved in accounting, regulation, and reporting.

Objectives

Develop increased understanding of methodology and fundamentals of financial accounting and reporting theories.
Be better able to undertake sound financial reporting, including recognition and measurement of key criteria.
Develop a better perspective on need for accounting standards setting and regulations.
Get to grips with institutional aspects of international financial reporting regulations.
Develop current and best practices in social and economic aspects of international financial reporting regulations.
Renewed approach to management of digital transactions that meet standards of global auditing firms, regulators and international organisations.

Who should attend

The programme is ideal for accounting and finance managers, including other senior and middle management personnel such as general managers, deputy general managers and assistants.