Why is this good for employers?

Why is this good for employers?

1.

Would you like your team to understand the company’s main business processes and how they are managed in accounting?

2.

Is it important to you that colleagues working in different departments should be able to communicate effectively with each other?

3.

Would you find it useful if your colleagues understood how their own field relates to the company as a whole and to the activities of other areas?

4.

Do you consider it important to continuously motivate employees and ensure their professional development?

„If this had been taught this way at university, I wouldn’t hate accounting.”

– We received many similarly honest comments from participants in our three-level accounting training course.

Our modular training, tailored to customer needs, offers the following:

1.

it provides a comprehensive knowledge of the most important business processes of enterprises and their accounting treatment

2.

it is based on a system-oriented, business process-based approach to accounting

3.

it highlights the economic significance of processes and accounting principles at each training level

4.

it is based on global accounting principles and, at higher levels, it can be tailored in accordance with IFRS and US GAAP

5.

our practice-focused training provides up-to-date, immediately applicable knowledge and helps understand and apply what was learnt through case studies and examples

6.

it provides a solid foundation for further training and professional career development

7.

the three-level training supports the participants’ professional and career progression, increases activity and motivation, and guarantees the development of skills essential for financial positions

I am interested in this training!

Contents of the three-level accounting training

  • In fact, it is not only the content that is interesting, but also the novel approach and experiential teaching, which makes accounting an enjoyable subject. We can effectively and attractively convey the knowledge of entire university semesters in a short period of time, giving participants not only an understanding of accounting, but also a business perspective.
  • We recommend this training primarily to SSC/GBS employees and to companies where it is important for new joiners or employees without an accounting background to quickly and efficiently acquire basic accounting knowledge.
  • The curriculum was developed by practitioners of Business Training Associates, with over 15 years of teaching experience and several years of auditing experience.
  • The training is also useful for those who already have accounting knowledge but would like to systematize and enhance it. 
  • The training series is taught in both Hungarian and English, with high standards, a global perspective, and great enthusiasm.

Basic Level

In brief

The aim of the basic-level training is to provide a holistic view of the accounting processes that determine the day-to-day operations of a business. It offers a comprehensive overview of the main financial and accounting processes. It provides participants with an accounting knowledge that can be put to good use immediately in practice.

Objectives

  • Understanding the impact of key business transactions (purchases and sales) on financial statements. Recording these transactions in the accounting system.

  • Introduction to the principles of double-entry bookkeeping.

  • Preparation and interpretation of simple financial statements.

Target groups

We recommend the basic-level training for those who:

  • have no or only very limited accounting knowledge but would like to understand the basic principles of financial accounting and the corporate processes leading to the preparation of financial statements.

  • would like to refresh their previous studies or consolidate their existing knowledge in order to progress to the higher levels of the three-level accounting training.

Topics

The aim of the basic level is to provide a comprehensive overview of accounting processes; thus we do not use company-specific examples and illustrations at this stage. However, this can be adapted flexibly according to the client’s requirements.

At the end of the course, a written test helps assess how successfully the training material has been absorbed. Test results can also serve as a basis for admission to further levels of training.

Here is a selection of four topics that participants will encounter during the training:

  1. How to describe a business using the accounting equation?
  2. Why is it important to distinguish between long-term and short-term items?
  3. What are the fundamental risks involved in purchasing and sales, and how do we manage them?
  4. What is the impact of purchasing and selling on credit?

For our detailed menu of topics, please visit our central website!

Intermediate Level

In brief

The intermediate accounting course is the second step in the three-level accounting training program. In addition to accounts receivable and accounts payable we explain global international principles related to the measurement and recognition of other reported figures significant for most companies, using numerous practical illustrations (e.g., tangible non-current assets, inventories, intangible non-current assets, foreign currency transactions, accruals, provisions).

Objectives

  • Developing knowledge of the fundamental principles and concepts of financial accounting.

  • Understanding the recognition and measurement principles relating to the most important balances in financial statements.

  • Highlighting the relationships between the different elements of financial statements.

  • Preparation of simple financial statements.

Target groups

We recommend the intermediate-level training for those who:

  • have successfully completed our basic-level accounting course

  • have a good understanding of the different parts of financial statements and want to improve their knowledge of the relationships between the elements of financial statements.

  • have Hungarian accounting knowledge but would like to get an insight into the international principles of and approach to financial accounting , which will be illustrated through company-specific examples.

Topics

The intermediate level training can be customized according to the customer’s needs in terms of both topics and duration; it can be expanded with company-specific examples, which enhances the practical relevance of the training.

At the end of the course, a written test helps assess how successfully the training material has been absorbed. Test results can also serve as a basis for admission to the advanced level.

Here is a selection of four topics that participants will encounter during the training:

  1. Accounting schizophrenia, or why do we have a different approach to assets and liabilities?
  2. How ’good and bad skeletons in the closet’ of a company can be recognised in the financial statements?
  3. I sold my products in a foreign currency. Is the company benefitting from this?
  4. Depreciation: hocus-pocus or a real business event?

For our detailed menu of topics, please visit our central website!

Advanced Level

In brief

The advanced accounting course is the third stage of the training, where we focus on the most complex areas of reporting based on IFRS OR US GAAP principles, providing participants with high-level technical knowledge.

Objectives

  • Processing advanced and complex accounting areas in accordance with global standards (IFRS/US GAAP) that participants encounter in their work.

  • Application of high-level technical knowledge through examples drawn from the practice of the particular company.

  • Preparation of separate and basic consolidated financial statements.

Target groups

We recommend the advanced-level training for those who:

  • have successfully completed our basic and intermediate-level accounting courses

  • have at least intermediate-level (Hungarian/international) accounting knowledge and would like to learn about complex accounting areas that have a significant impact on financial statements

  • would like to understand how complex accounting areas affect financial reporting through company-specific examples.

Topics

The advanced training can be tailored in terms of both duration and topics covered. At the advanced level, we can also expand the curriculum with company-specific examples upon request, once the client has provided us with materials relevant to their company. This method enhances the practical relevance of the training.

At the end of the course, a written test helps assess how successfully the training material has been absorbed.

Four topics from the advanced level course to whet your appetite:

  1. Deferred tax: bogeyman or common sense?

  2. How much do employees cost? Accounting for pension funds and employee benefits.

  3. Assets undercover, or the challenges of lease accounting.

  4. Rapid chess: revenue recognition in five steps.

Introducing our tutors

Marianne Hokky, FCCA

She has been using her extensive professional experience as a tutor since 2004. She teaches DipIFR and ACCA papers in accounting, auditing, and corporate governance. She regularly holds international accounting courses and training sessions for non-financial professionals, helping them understand the fundamental concepts of accounting and corporate finance.

Attila Csutora, FCCA

Since 2005, he has been teaching ACCA papers related to financial and management accounting and financial management, as well as DipIFR courses. In addition, he regularly holds training courses in financial reporting and cash flow analysis, finance, investment and financing decision-making for professionals without a financial background, in both Hungarian and English. He is one of the lead instructors for corporate and banking virtual business games.

Veronika Együd, FCCA

She has been delivering exam preparation courses related to the taxation, management accounting and auditing papers of the ACCA and CIMA qualifications since 2008. She regularly instructs US GAAP and finance for non-finance training courses both in English and Hungarian. She applies her extensive professional experience in developing training materials for the SSC sector. She is one of the lead instructors for corporate and banking virtual business games.

Prices, contact

The training is priced on a daily basis. The daily rate depends on the degree of customization, the number of participants, and the number of courses ordered. Ask for our customized offer!

Marianne Hokky