Accounting and Finance World Bank Compliant - (Diploma-Postgraduate)

Course Contents, Concepts and Issues

Part 1: A Conceptual Framework: Setting the Scene

· Accounting – Defined

· The Development of a Conceptual Network

· External Reporting

· Internal Reporting

· Types of Business Entity

· Formation of Business Entity

· Running the Business

· Accounting Information

· Meeting Obligations

· Users and Their Information Needs

· General and Specific Purpose

· Agency Theory

A System Approach to Financial Reporting: The Accounting Equation

· Assets and Liabilities

· The Accounting Equation – Statement of Financial Position

· Alternative Ways of Expressing Accounting Equation

· Asset

· Ownership Interest

· Changes in Ownership Interest

· Subtracting

· Causes of Changes in ownership Interest

· Revenue and Expense

· Net Impact of Business Transaction

· Equation for Change in Ownership Interest

Financial Statements from the Accounting Equation

· Primary Financial Statements

· Financial Statement Preparation

· Statement of Financial Position – Balance Sheet

· Other Forms of Statement – Horizontal and Vertical

· Income Statement

· Statement of Cash Flows

· Subdivision of Cash Flows

· Profit Does Not Equal Cash

· Practical Illustration

· Debit and Credit Recording

· Analysis of Transaction

· Trial Balance

Ensuring the Quality of Financial Statements

· Qualitative Characteristics

· Relevance and Reliability

· Measurement Principles

· Materiality

· Prudence

· Regulation

· Reviewing Published Financial Statements

Management Accounting

· Introduction

· Meeting the needs of internal users

· Management functions

· Role of management accounting

· Judgments and decisions: case study illustrations

· Terminology of management accounting

· Cost

Part 2: World Bank Overview and its Financial Aspects

Introduction to World Bank

· Strategies

· Development Effectiveness

· Project Database

· Project Status

· Policies and Procedures

· Products and Services

· How We Measure Results

· Projects and Lending

· Mapping for Results Platform

Financial Terms and Conditions of IBRD Loans, IBRD Hedging Products, and IDA Credits

· IBRD Loans

· Fixed-Spread Loan (FSL) and Variable-Spread Loan (VSL)

· Distinctions between FSL and VSL

· Process for Converting VSL to FSL

· Hedging VSL without Converting into FSL

· IBRD Hedging Products

World Bank Financial Management

· Project Preparation

· Project Implementation

· Project Completion

· Financial Management Arrangements:

Country Financing Parameters

· Financing Individual Projects

· Special Review and Authorization Arrangements for Selected Types of Expenditures

· Financing of Interest during Construction