Investment Academy20 Years
Global Financial Designations Programs33 students

Certified Accounting Technician CAT

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Course Overview

A concise overview of the program.

The Certified Accounting Technician (CAT) training program offers a practical qualifying track designed to prepare young professionals for essential accounting roles across various economic sectors. The program builds a rock-solid professional foundation in bookkeeping, invoice processing, revenue/payment recording, and the preparation of financial statements and cost calculations.

Focusing on bridging theoretical principles with real-world applications, the program covers the entire Accounting Cycle—from daily journal entries and general ledgers to adjusting entries, closing procedures, and financial reporting. This comprehensive approach ensures trainees are job-ready for technical accounting positions and fully prepared for the professional certification exam issued by the Saudi Organization for Chartered and Professional Accountants (SOCPA).

Course Content

What you will cover during this program.

🔹 Journalizing Foundations: Processing daily financial transactions and mastering double-entry bookkeeping.

🔹 General Ledger (GL): Posting transactions and classifying accounts into Income Statement and Balance Sheet categories.

🔹 Trial Balance: Preparing trial balances to verify mathematical accuracy and accounting equilibrium.

🔹 Error Rectification: Identifying various types of accounting errors and applying professional correction methods.

🔹 Accrual Adjustments: Mastering year-end adjustments for prepaid and accrued expenses/revenues.

🔹 The Worksheet: Utilizing accounting worksheets to bridge the trial balance to finalized financial statements.

🔹 Closing Procedures: Executing period-end closings and rolling over accounts to the income summary.

🔹 Financial Presentation (IAS 1): Understanding the components and presentation requirements of global financial reporting standards.

🔹 Liability Management: Deep dive into current liabilities (AP, notes payable) and non-current liabilities (long-term loans, bonds).

🔹 End-of-Service Benefits: Accounting treatments for employee benefits and provisions according to local labor laws and standards.

🔹 Lease Accounting (IFRS 16): Handling lease contracts from both the lessee and lessor perspectives.

Course Objectives

What you will achieve by the end of this program.

  • 🔹 Cycle Mastery: Enabling trainees to master the full accounting cycle from initial recording to final statement issuance.
  • 🔹 Accuracy & Precision: Developing the ability to prepare correct journal entries, ledgers, and trial balances.
  • 🔹 Accrual Proficiency: Enhancing the understanding of the accrual basis and its impact on the accuracy of financial results.
  • 🔹 Error Detection: Boosting efficiency in discovering and correcting accounting discrepancies using practical techniques.
  • 🔹 Reporting Skills: Building the capacity to present financial statements in accordance with IAS 1 requirements.
  • 🔹 Specialized Accounting: Mastering complex treatments for liabilities, provisions, bonds, and leases.
  • 🔹 SOCPA Readiness: Directly supporting participants' readiness to pass the technical accounting exams and enter the Saudi labor market.

Required Skills & Competencies

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