11 Mar 24-22 Mar 24 (London, UK), 05 Aug 24-16 Aug 24 (Dubai, UAE), 14 Oct 24-25 Oct 24 (Kigali, Rwanda ),

Course Overview

This course provides a comprehensive knowledge base and practical skills to excel in the complex world of joint venture accounting and financial management. This is a bespoke course for officials and managers working directly or indirectly on joint venture projects. The course is made fluid to accommodate accounting and non- accounting staff engaged in joint ventures.

 

Learning Outcome

• Understand the fundamentals of joint ventures and their role in business.
• Apply accounting principles and financial reporting standards specific to joint ventures.
• Effectively manage financial transactions and obligations within a joint venture
• Make informed financial decisions and optimize the profitability of joint ventures
• Foster transparency, collaboration, and ethical financial practices within joint ventures.
• Assess and mitigate financial risks associated with joint ventures

 

Indicative Contents

• Overview of JV Accounting principles as dictated by IAS 31
• Joint operating agreement
• Equity types and groups
• Joint venture budgeting (Matching approved budget with expended & paid up).
• Project cost accounting
• Budgeting and performance evaluation
• Cost allocation process
• Working capital management
• Venture bank account (VBA) option
• Capturing data on both sides
• Recovery indicators
• Effective communication, collaboration, and conflict resolution within joint ventures
• Microsoft excel (intermediate and advanced)
• Partner netting
• Risk mitigation strategies and contingency planning
• Case study

 

More Detail
Duration	This is a two-week programme spread over 10 working days.
Certification	A certificate of completion is granted on successful completion of the programme.
Location	(London, UK), (Dubai, UAE), (Kigali, Rwanda )
Travel and accommodation	Travel and accommodation to be paid for at source by delegates.
Fees	London: £6,250.00 (Excl. VAT) per delegate for 2 weeks. Dubai: $8,000.00 (Excl. VAT) per delegate for 2 weeks. Kigali: $8,000.00 (Excl. VAT) per delegate for 2 weeks.