Programme Objectives

By the end of the programme, participants will be able to:

• Describe the importance of the accounting process in proper business financial management.
• Describe the context and purpose of financial reporting.
• List the qualitative characteristics of financial information.
• Describe the context and usefulness of conceptual framework.
• Describe and illustrate the accounting principles.
• Explain the main provisions for financial reporting as those derive from accounting standards.
• Choose the appropriate accounting policies as per the guidance of relevant reporting standards.
• Explain the requirements of the main accounting standards.
• Develop financial statements in compliance with financial reporting standards.
• Encourage themselves to apply simple methods that provide meaningful financial results.
• Share their view regarding the importance of conceptual and regulatory frameworks for financial reporting.
• Discuss the importance of having and using a budget for corporate value creation.
• Discuss the role and purpose of the financial management function.

Programme Outline

• The financial reporting framework
• Anatomy of a balance sheet
• Controlling cash -The Cash Flow Statement
• Managerial Accounting: Reporting to management
• Budgeting: A business plan in numbers
• Financial management function
• Business analysis and valuation tools
• Investment appraisal
• Business finance
• Long term and short-term decision making
• The Cyprus Tax System
• Special contribution for the defence
• Capital gains tax

View the Full Training Outline 

Who Should Attend

The programme is ideal for individuals engaging in accounting and finance at any level that are engaged in business decision making or engage in any way to the financial of the organization and would like to acquire a thorough overview of the topic.

Industry Expert | Marios Mortis

Marios Mortis holds a bachelor’s degree in Business Administration in Accounting, a Master’s in Banking and Finance, and he is a qualified member of Association of Certified Chartered Accountants (ACCA). Marios has developed and conducted professional training courses on corporate reporting, Accounting and Finance, and Financial Workshops. He had, also, participated to researches on the area of finance and accounting in both academic and professional level. He has a working experience in the accounting, audit, advisory, assurance and banking sectors in various positions and companies in Cyprus. During last 4 years Marios continued his path in the education field which is a challenging and interesting field for him. He currently works as a Visitor Academic for a local University in Cyprus, where he is teaching courses such as Corporate Governance and Business Ethics, Corporate Finance, Corporate Risk Management and Audit and Assurance. He also holds the position of Trainer & Accountancy Programmes Leader for a local institute where among others he is teaching many courses of various accountancy qualifications, such as the Cash and Treasury Management, Credit Management, Governance, Ethics, and Risks, Management Accounting, and Indirect Tax.

Training Style

• Illustration of key terms and concepts
• Preparation and discussion of practical examples, including mini cases
• The course will have both a theoretical and practical framework with real examples drawn from actual companies, local and international
• Activities and Break-out groups

CPD Recognition

This programme may be approved for up to 40 CPD units in Accounting and Auditing. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.