Financial Accounting (SOCPA)

Accounting and finance are essential pillars of any organization’s success, helping to measure financial performance and efficiently manage resources to achieve strategic goals.

With the development of global standards and the increasing need for financial transparency, accounting skills have become a vital tool for enhancing trust between organizations and stakeholders.

In the Kingdom of Saudi Arabia, the accounting and finance sector is witnessing a remarkable development thanks to regulatory and legislative efforts to enhance professional practices in accordance with international standards.

From this standpoint, the Saudi Organization for Certified Public Accountants (SOCPA) Fellowship comes as an accredited program that enhances the competence of practitioners and places them at the forefront of professionals in this field.

The Financial Accounting course within the fellowship program focuses on enabling trainees to gain a comprehensive understanding of accounting concepts and prepare financial statements professionally, while being aware of economic changes and local laws.

The program provides added value to participants, enhancing their opportunities in the labor market, and giving them a competitive advantage in performing financial and accounting tasks efficiently and reliably.

Objectives

• The participant will be familiar with the framework of financial reporting concepts and the accounting cycle.
• The participant understands the objectives of the financial report and the needs of the beneficiaries of the financial statements.
• The participant should explain the qualitative characteristics of useful financial information according to international standards.
• The participant must be proficient in analyzing and recording financial transactions and preparing financial statements.
• The participant will be familiar with the concepts of measurement, presentation and disclosure of the basic elements of financial statements.
• The participant understands accounting policies and their impact on financial estimates and errors.
• The participant should explain how to prepare financial reports under different economic conditions.
• The participant shall apply the accounting standards for changes in currency rates and joint contracts.
• The participant should be familiar with the interpretations approved by the Saudi Organization for Certified Public Accountants.

Target Group

• Financial accountants.
• Internal and external auditors.
• Finance department managers.
• Financial reporting professionals.
• Students and researchers in the field of accounting.
• Those interested in obtaining a fellowship from the Saudi Organization for Certified Public Accountants