Accounting as profession

By Majid Alsuwaidi
Agenda
The role of accountants in business.
The accounting industry.
Starting or running existing business.
Professional Designations.
Pursuing Higher Education.

The Importance of accounting
Key role in reporting every organization
must have a finance department.
Shareholder & Owners, Financial Markets,
Banks, and Government Entities such as
Ministry of Economy & Securities and
Commodities Authority (SCA).
Foreign Companies.
Government Entities.
Common segregation of duties within
Finance Dept.
CFO
General
Ledger
Account
Payables
Treasury Budget
Potential Employers
Abu Dhabi Investment Authority
Abu Dhabi Investment Council
Mubadala
ADNOC Group of Companies
Publicly Listed Companies.
Local & Federal Government
ADAA , SAI & local auditing authorities.






What is the final distention?
How likely you would be a CEO of a company?

Chief Financial Officer CFO / VP Finance

Finance Minister?







Auditors & Financial Statements
Financial statements are almost always
audited by independent accountants.

After ENRON scandal, In the United States,
under the SarbanesOxley Act, the auditors
must also express an opinion on the
companys internal control systems.

The Big Four
Ernst & Young

KPMG

Deloitte

Price WaterHouse Cooper

Professional Designations
Accounting
Certified Public Accountant (CPA).
Associate Certified Chartered Accountants (ACCA).
Associate Chartered Accountant (ACA) by Institute of
Chartered Accountant of England and Wales ( ICAEW).
Certified Internal Auditor (CIA)
Certified Management Accountant (CMA)
Finance
Chartered Financial Analyst (CFA)
Certified Risk Manager (CRM)




Private vs. Government
Public Companies Accounting (IFRS + GAAP)
Government & Not for profit Accounting.
The International Organization of Supreme
Audit Institutions (INTOSAI)
Starting or Running existing Business
Khalifa Fund
Mohammed Bin Rashid Establishment for
small and medium enterprises Development

Career in Finance & Accounting
Accountant (Treasury, Payable, Budget, GL)
Internal Auditor
External Auditor

Pursuing Higher Education
Master of Business Administration (MBA)
Master of Accounting (Macc)
Master of Science in Finance (MSc. Finance)


H.E. Khalifa Mohamed Al Mazrouei
- Bachelor of Accounting from
Boston University

- Currently General Manager of
the Municipality of Abu Dhabi


Board of Directors:
(1) Chairman of the World Trade Centre
(2) Member Tourism Development & Investment Company TDIC
(3) Member Abu Dhabi Development Fund
(4) Member Abu Dhabi Council for Economic Development
(5) Abu Dhabi Sewerages Services Company
(6) Presidential Flight Authority in Abu Dhabi
H.E. Helal Saeed Almarri
- MBA from the London
Business School
- BA in finance & accounting from
Kent university
- ACA ( ICAEW)
- Currently Director General of
Dubais Department of Tourism and
Commerce Marketing (DTCM)
- CEO Dubai World Trade Center
HE Mohammed Sultan Gnom Alhamli
General Manager Program from Harvard
University
- Bachelor of Finance form Boston
University.
- Chartered Financial Analyst (CFA)
- Currently CEO Department of Finance

Board of Directors:
(1) Chairman SEHA
(2) ADCB member
(3) Abu Dhabi Ports Co. member
(4) Abu Dhabi Public Service Co.
(Musanada) member
(5) Social Welfare & Minor Affairs
Foundation member