The trainee is to be familiarized with “Egyptian Accounting standards” established according to the resolution of minister of Economy by which the companies are bound to prepare their financial statements in accordance with such standards, in addition to an explanation of each standard and practical cases “if any”. Also, the program refers to the application of the standard practically and discussion of problems, which companies may encounter upon application.

Presentation of the financial statements as amended

Inventory 

Cash flows statements

Net profit or loss of the period and the material errors and changes in accounting policy

Contingencies and events subsequent to the date of the balance sheet

Construction contracts   

Fixed assets and their depreciation “as amended”

  Revenues 

Accounting for government donations and disclosure Of government assistance

 Effect of foreign exchange fluctuations

Borrowing cost 

Disclosure of related parties

Accounting for investments

Combined financial statements for investment in affiliated companies

Accounting for Investments in associated companies

Disclosure in the financial statements of banks and similar financial firms 

Rules and accounting standards related to financing lease 

Accounting and presentation of financial statements  retirements, pensions and benefits systems

Share dividend

Accounting for Intangible assets                                          

Date is fixed in agreement with the company management provided that the period required for preparing the program is one month at least from the date proposed for carrying out the program.