Practical Training for Accountants - 5 Days

Throughout the training, participants will engage in practical exercises, case studies, and group discussions to reinforce their learning. This comprehensive five-day program equips accountants with a deep understanding of accounting principles, taxation, and auditing standards, preparing them for success in their roles and ensuring compliance. A five-day comprehensive training plan for accountants that covers a wide range of relevant accountancy areas, including international accounting standards, taxation, and auditing standards:

Day 1: Financial Accounting and International Standards

1. Introduction to Financial Accounting

2. Basics of International Accounting Standards (IAS/IFRS)

3. IAS 1: Presentation of Financial Statements

4. IAS 2: Inventories and Stock Valuation

5. IAS 16: Property, Plant, and Equipment

6. IAS 36: Impairment of Assets

7. Practical Application of IFRS to Financial Statements

8. Group Discussion

Day 2: Management Accounting, Costing, and Budgeting

1. Principles of Management Accounting

2. Cost Classification and Behaviour

3. Costing Methods (Job Costing, Process Costing)

4. Cost-Volume-Profit (CVP) Analysis

5. Activity-Based Costing (ABC) 6. Budgeting Fundamentals

7. Variance Analysis

8. Case Study: Cost Analysis and Budgeting

Day 3: Taxation:

1.   Personal Taxation Essentials

2.   Income Tax Calculation and Allowances

3.   National Insurance Contributions (UK) vs Social Security (GH)

4.   Business Taxation: Corporation Tax

5.   VAT (Value Added Tax) Principles and Compliance

6.   PAYE (Pay As You Earn) and Payroll Taxes

7.   Inheritance Tax and Capital Gains Tax

8.   Tax Planning Strategies

Day 4: Auditing Standards and Practices:

1. Introduction to Auditing Standards (UK GAAS and International Standards on Auditing)

2. Audit Planning and Risk Assessment

3. Audit Evidence and Sampling Techniques                                                                                                    

4. Internal Controls and Control Testing 5. Auditing in a Digital Environment

6. Reporting and Communication of Audit Findings

7. Ethical Considerations in Auditing

8. Case Study: Conducting an Audit

Day 5: Advanced Topics and Integration

1. Advanced Financial Reporting Issues (Consolidation, Joint Ventures)

2. International Accounting Standards (IAS 39, IFRS 9)

3. Transfer Pricing and International Taxation

4. Emerging Trends in Accounting and Auditing

5. Group Discussion: Challenges and Solutions in Accounting and Taxation

6. Professional Development and Continuing Education

7. Final Exam and Assessment 8. Course Conclusion and Certificates