The Art & Science of Accounting: From Basics to Forensics
What you'll learn
- Gain a thorough understanding of the fundamental accounting principles that underpin financial reporting.
- Understand the criteria for recognizing and measuring assets, liabilities, revenues, and expenses in financial statements.
- Understand the basic accounting equation (Assets = Liabilities + Equity) and its implications for recording transactions and preparing financial statements.
- Gain knowledge of the principles and methods used to recognize revenue in financial statements, including the revenue recognition principle.
- Understand the principles and methods used to recognize expenses in financial statements, including matching expenses with revenues.
- Learn about the underlying assumptions that guide financial reporting, including the monetary unit assumption, time period assumption, and going concern.
- xplore ethical issues and considerations in accounting, such as integrity, objectivity, confidentiality, and professional skepticism.
- Understand the regulatory framework governing financial reporting of the concept of creative accounting, including its definition and techniques.
- Develop skills in forensic accounting techniques used to detect and investigate instances of financial fraud, including data analysis.
Requirements
- Accounting basic knowledge is required
- Microsoft Office
Description
Section1: Accounting Principles
Accounting principles are the rules and guidelines that companies and other agencies must abide by when reposting their financial data and results. These principles and rules make it a bit easier to standardize financial data by setting the standards and rules that Accountants must use.
The main purpose of Accounting principles is to establish the framework for how financial Accounting is recorded and reported on financial statements to be reliable for decision makers.
It’s important to have a basic understanding of these main Accounting principles as you learn Accounting.
Generally accepted Accounting principles are important because they set the rules for financial reporting and bookkeeping as well. These rules or guides are often called the GAAPs framework and they maintain consistency in financial reporting from company to company across all industries.
Section2: Creative Accounting
Creative accounting refers to the use of accounting practices that deviate from standard principles or exploit gaps in financial regulations to present financial statements in a more favorable light. While not inherently illegal, creative accounting can manipulate figures to influence stakeholder perceptions, enhance company performance metrics, or meet specific financial targets. Techniques may include adjusting revenue recognition timing, capitalizing expenses, or revaluing assets in unconventional ways. The goal is often to present a picture of financial health that aligns with strategic objectives, such as attracting investors, avoiding covenant breaches, or meeting executive bonus thresholds.
Section3: Forensic Accounting
Forensic accounting is a specialized field of accounting that combines accounting expertise with investigative skills to uncover financial fraud, disputes, and irregularities. Often referred to as "accounting detectives," forensic accountants examine financial records and transactions to identify discrepancies that may indicate fraudulent activity, embezzlement, or financial misconduct. They utilize advanced analytical techniques and tools to trace the flow of money, assess the authenticity of financial documents, and identify patterns or anomalies that require further scrutiny. Forensic accountants play a critical role in legal proceedings, providing expert witness testimony and supporting litigation with detailed reports and evidence.
Who this course is for:
- Accounting students
- Accountants
- Finance Officers
- Finance students
- Auditing students
- Internal Control Officers
- Accounting Aspirants
- Any one who needs to get knowledge about Accounting
- Entrepreneurs
- Finance Managers
Instructor
- 4.4 Instructor Rating
- 1,318 Reviews
- 44,204 Students
- 20 Courses
Sam is a Financial & Business Expert with more than 20 years of practical experience in Finance, Accounting, Business, Management, Coaching, and Training. Sam is not just a Chartered Certified Accountant (FCCA) but a visionary financial mentor with a wealth of expertise. Holding a Master's degree with upper merit in Professional Accountancy from University College London, UCL, combines academic rigor with real-world experience to offer a transformative learning journey to students and mentees. Being a chartered certified Accountant, Sam is required to declare continuous practical development units (CPD) every year; that assures you that he is always up to date with his profession.
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With over 20 years of hands-on experience in financial management, auditing, and strategic planning, Sameh brings a unique blend of theoretical knowledge and practical insights to the classroom. Having worked with renowned corporations and consulted for diverse businesses, Sameh understands the intricacies of financial systems and the dynamics of economic landscapes.
As an instructor, Sameh believes in fostering a dynamic learning environment where theory meets practice. Through engaging lectures, interactive workshops, and case studies drawn from actual industry scenarios, he empowered his students to bridge the gap between classroom concepts and real-world applications.
Sameh is too much passionate about teaching, coaching and mentoring students. When you do something that you are passionate about, that passion would take you far away and distance you from the crowd. Sam can't wait to start helping you achieve your goals, ace Accounting & Finance, and land your dream job.
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Students' Testimonials:
Sam's students come from all over the world, 5 continents, 182 countries with multiple backgrounds and he enjoys communicating with them on a daily basis. Please have a look at what they say about Sam's courses:
This course has been fantastic! The instructor, SAMEH ELSAYED , does a wonderful job of explaining complex topics in a way that's easy to understand. They provide clear and concise explanations, with helpful examples that really solidify the concepts.
Aman
Dear Excellent Professor of Knowledge, Greetings from the Philippines. I would like to comment about your course. Udemy has consistently proven to be a reliable platform for online learning, and my recent experience with your course has only reinforced my confidence in the quality of education it provides.
Fernan Torreno
Because Sam is the best lecturer I ever come across of, his teachings has changed my life and the way of thinking on how to merger with another company. this course is the best. how I have more knowledge and skills. Sam thanks for being supportive and with the beautiful lecturer. God bless you.
Mary Medi
Thank you for an educating course, it was a great time.
Joseph Nyatse
The further I get into this course, the better it gets.
Grace Pyne
Really well-planned course and easily understood. It answered many questions that I used to have. Thank you sir.
Shaymaa Medhat
Good speaker and easy to understand all of the categories of course like types of mergers and acquisitions and so on.
Mahmoud Badr
Excellent course. Love the enthusiasm shown by the instructor in this course. While application of knowledge gained from this course will vary from jurisdictions and professional fields, this course coupled with some competitive literature on M&A could be exactly what's needed to gain understanding and develop a sense of expertise in the subject.
Yashraj Chauhan
It's a wonderful course and a good fit for anyone with a basic Company Law background.
Chirag Basu
It was a great course. Loved the case studies cited. I was able to understand the concepts easily.
Padmakshi Sharma
great.
Adyanshi Kashyap
Great course simplified the concepts of Risk Management after I thought it's a very complicated topic.
CHAKER Jemli
very well planned course.
Pooja Gawai
Excellent course. It’s an eye-opener about the enterprise risks and ways of treatments. Thanks a lot sir.
Ahmed Emara
Generally, the tutor made it simple, bite-size lecture made it easy to digest.
Rebekah
Yes It Was. An Eye Opener. Revealing. It Should Be Recommended To All Managers In All Organization. This Risk Management Should Be Practice To Gain Global Acceptance Into The Architecture Of Any Organization Rather Than Just An Integral Management System.
Akhaba Raphael Omokhagbo
Really very easy to understand thanks sir.
Attia Elsayed
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Sameh's passion for education extends beyond traditional boundaries. With a keen focus on personalized mentoring, he guides aspiring professionals on their career paths, offering valuable advice and industry connections. His commitment to student success is reflected in his track record of nurturing talent and helping individuals achieve their full potential.
Whether you're a budding accountant, an aspiring financial analyst, or a business enthusiast seeking to master accounting, business, or financial strategies, Sameh is your trusted guide on the journey to financial excellence. Join him today and unlock the secrets to financial & accounting acumen and professional success.