Foundational Financial Accounting Certificate (FFAC™)

As companies strive harder to enhance bottom-line profitability, it becomes more crucial for key employees to have a basic understanding of accounting and financial terms and concepts. Often, nonaccounting and financial professionals need accounting and financial information to make important business decisions, making it vital that they know how to use and understand the common language of accounting and finance.

 

The FFAC workshops focus on essential accounting and finance concepts to assist candidates, employees, and executives from nonaccounting and finance backgrounds to be better equipped to make informed management decisions.

 

Why FFAC™

Without any prerequisites, the FFAC™ workshops provide a comprehensive overview of accounting and finance terminologies, enabling participants to analyze and report on financial activities and apply the fundamentals of accounting by establishing a foundation of knowledge of  the accounting and finance process. The live workshops cover accounting cycles, financial statements, revenue recognition, cash flow preparations, IFRS, and much more.

After completing the workshops, participants are required to sit for a short exam to complete the assessment and be granted a certificate from IMA.

 

Content

1. Introduction to Financial Accounting

2. Fundamentals of Financial Accounting

3. Period-End Accounting Activities

4. Financial Statements: An Introduction

5. Balance Sheet Components

6. Income Statement Components

7. Statement of Cash Flows Components

8. Special Topics in Accounting

9. Other Financial Statement Information

10. Annual Report

11. Internal Controls Over Financial Reporting

12. Comprehensive Problem and Workshop Conclusion

 

Learning Objectives

The ability to understand and work across the breadth and depth of the entire accounting statements and related processes within organizations.

Proficiency in decision making, planning, and control functions.

Acquire substantial knowledge of accounting, finance, and important related fields and demonstrate the ability to integrate this information into the business decision process.

Encourage sharing of best practices and tools, which leads to optimal bottom-line results.

Fully utilize the content of the workshop-related topics in order for them to manage, drive, and stay on top of their company's professional environment.

 

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