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Advanced Financial Reporting under SOCPA

An Interactive 5-Day Training Course

Advanced Financial Reporting under SOCPA

Saudi Market Applications

NASBA
Classroom Schedule
Date Venue Fees
25 - 29 Oct 2026 Riyadh $ 5,950
04 - 08 Apr 2027 Riyadh $ 5,950

Course Summary

Financial reporting within Saudi Arabia requires professionals to understand the relationship between local regulatory expectations and international accounting standards. The Advanced Financial Reporting under SOCPA training course equips finance and accounting professionals with in-depth knowledge and practical skills to prepare, analyse, and review financial statements aligned with the Saudi regulatory environment. Participants explore the financial reporting framework issued by SOCPA and its relationship with IFRS adopted in the Kingdom, strengthening their ability to ensure accuracy, transparency, and compliance within Saudi organisations.

Through practical applications and professional guidance, the Advanced Financial Reporting under SOCPA training course focuses on applying accounting standards to real-world Saudi market scenarios. Delegates gain the expertise needed to exercise professional judgement in complex reporting areas, improve financial statement disclosures, and strengthen governance and audit readiness. The training course also enhances participants’ capability to prepare high-quality financial statements that meet regulatory, audit, and compliance expectations within SOCPA-regulated entities.

Skills & Competencies

From this Advanced Financial Reporting under SOCPA training course, participants will develop below key skills and competencies.

  • SOCPA-aligned financial reporting expertise
  • Advanced IFRS application in Saudi entities
  • Professional judgement in complex accounting
  • Financial statement preparation and review
  • Disclosure and compliance management
  • Audit readiness and governance awareness

Key Learning Outcomes

At the end of Advanced Financial Reporting under SOCPA training course, you will learn to:

  • Understand the SOCPA financial reporting framework and its relationship with IFRS.
  • Apply advanced IFRS requirements adopted in Saudi Arabia.
  • Prepare high-quality financial statements aligned with SOCPA expectations.
  • Exercise professional judgement in complex reporting areas.
  • Assess the financial reporting impact of transactions specific to Saudi entities.

How You Will Learn

Participants explore advanced financial reporting concepts through structured guidance, practical numerical illustrations, and professional discussions focused on Saudi regulatory requirements. The learning process emphasises applying SOCPA-aligned reporting practices, analysing financial statements, and strengthening judgement in complex accounting situations to enhance compliance, transparency, and reporting quality.

Who should Attend?

This training course focuses on strengthening financial reporting expertise aligned with SOCPA regulations and Saudi market requirements. It supports professionals responsible for preparing, analysing, and reviewing financial statements within regulated organisations.

This Advanced Financial Reporting under SOCPA training course is suitable to a wide range of professionals but will greatly benefit:

  • Finance Managers and Financial Controllers
  • Chief Financial Officers (CFOs)
  • Professional Accountants and CPAs
  • Financial Reporting and Consolidation Teams
  • Internal and External Auditors
  • Compliance and Governance Professionals
  • Professionals working in SOCPA-regulated entities
Course Outline
Day 1

Financial Reporting Framework according to SOCPA and the Saudi Regulatory Environment

This day introduces the SOCPA financial reporting framework and the regulatory environment governing financial reporting in Saudi Arabia. Participants explore IFRS adoption, disclosure quality, and financial statement presentation requirements. The topics covered will include:  

  • Overview of SOCPA and its role in regulating financial reporting.
  • Adoption of IFRS in the Kingdom of Saudi Arabia.
  • Professional directives and interpretations issued by SOCPA.
  • Presentation of financial statements according to IAS 1 as adopted in Saudi Arabia.
  • Materiality, professional judgment, and the quality of disclosure.
  • Structure and content of the notes to the financial statements.
  • Professional review of published financial statements of Saudi companies.
Day 2

Accounting Policies, Estimates, and Professional Judgment

This day focuses on accounting policies, estimates, and the use of professional judgement in financial reporting. Participants examine policy changes, assumptions, and revenue recognition practices relevant to Saudi entities. The topics covered will include:  

  • Preparation and documentation of accounting policies.
  • Changes in accounting policies and estimates (IAS 8).
  • The use of estimates and assumptions in financial reporting.
  • Aligning accounting policies with the entity's strategy.
  • Revenue Recognition (IFRS 15) – Saudi applications according to SOCPA.
  • The impact of professional judgments on financial statements and disclosures.
Day 3

Advanced Presentation and Disclosure in Financial Statements

This day explores advanced disclosure requirements and presentation issues in financial statements within Saudi institutions. Participants examine asset accounting, impairment considerations, and disclosure practices. The topics covered will include:  

  • Key practical challenges for financial reporting in Saudi institutions.
  • Accounting for property, plant, and equipment and its annexes according to SOCPA requirements.
  • Impairment of Assets (IAS 36).
  • Lease accounting (IFRS 16) – Practical application issues in Saudi institutions.
  • Common disclosure deficiencies in the Saudi market.
  • Comparative information and restatement.
  • Applied case study.
Day 4

Complex Accounting Treatments in the Saudi Market

This day addresses complex accounting treatments and financial instruments within the Saudi reporting environment. Participants examine provisions, contingencies, and sector-specific accounting practices. The topics covered will include:  

  • Financial Instruments – Classification and measurement according to SOCPA requirements.
  • Financial Instruments – Presentation and disclosure according to SOCPA requirements.
  • Provisions and Contingent Liabilities (IAS 37).
  • SOCPA requirements related to transparency and going concern.
  • Applied case study: Special accounting treatments for specific sectors in the Kingdom.
Day 5

Audit Readiness, Compliance, and Best Practices

This day focuses on preparing organisations for audit reviews and strengthening governance in financial reporting. Participants explore audit findings, internal audit roles, and best practices for financial reporting compliance. The topics covered will include:  

  • Common findings from auditors in the Saudi market.
  • Professionally handling auditors' inquiries.
  • The role of internal audit in improving the quality of financial reporting.
  • The role of financial management in supporting governance.
  • Governance of financial reporting and professional responsibility.
  • Concluding workshop: Comprehensive review of a Saudi institution's financial statements according to SOCPA requirements.
Certificates
  • On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates.
  • Continuing Professional Education credits (CPE): In accordance with the standards of the National Registry of CPE Sponsors, one CPE credit is granted per 50 minutes of attendance.
Providers

Endorsed Education Provider

NASBA
Options & Brochure
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NASBA

Customisation & In-House Delivery

Delivering this training course as an in-house programme enables organisations to tailor financial reporting practices to their internal policies, governance frameworks, and regulatory environment. Customisation allows organisations to address real reporting challenges, strengthen SOCPA compliance, and improve the quality and reliability of financial reporting across finance teams.

Why Choose Saudi GLOMACS?

Saudi GLOMACS is the official Saudi Arabian division of GLOMACS International (glomacs.com), delivering internationally recognised training courses both within Saudi Arabia and across international locations. Our training courses are aligned with the highest professional and institutional standards, supported by a strong understanding of the professional landscape in Saudi Arabia and access to global expertise.

Saudi GLOMACS enables professionals and organisations to strengthen leadership, capability, and long-term excellence through consistently high-quality learning experiences.

Official Saudi Presence

Official Saudi Arabian division of GLOMACS with established global credibility.

International Benchmarks

Internationally benchmarked training courses aligned with professional best practices.

Trusted Across Sectors

Trusted by professionals and institutions across public and private sectors.

Flexible Delivery

Training courses delivered within Saudi Arabia and across international locations.

Additional Benefits of this course for Organisations and Professionals in Saudi Arabia

Organisations & Professionals in KSA will have the following additional benefits from this Advanced Financial Reporting under SOCPA training course.

  • Stronger SOCPA regulatory compliance
  • Higher quality financial statement reporting
  • Improved audit and inspection readiness
  • Better transparency and governance practices
  • Enhanced professional accounting judgement
  • More reliable financial decision-making
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Frequently Asked Question

Saudi GLOMACS combines three decades of global training experience with a clear focus on Saudi market relevance. This allows it to deliver training that is both internationally credible and locally applicable, across a broader range of disciplines than niche or single-focus providers.

Participants include professionals from public sector, semi-government, and private sector organisations, across a wide range of roles and industries. Attendees range from administrative and operational professionals to technical specialists, managers, and senior decision-makers.

Yes. Saudi GLOMACS designs and delivers bespoke in-house training tailored to organisational objectives, sector requirements, and workforce needs. Training can be delivered in Saudi Arabia or internationally, depending on requirements.

Courses delivered in Saudi Arabia are adapted to reflect local regulatory frameworks, organisational structures, sector conditions, and professional expectations. This ensures training is relevant, practical, and aligned with Saudi workplace realities.

No. Saudi GLOMACS delivers courses in Saudi Arabia and internationally, including delivery across Europe and Asia. This allows organisations and professionals to access training both locally and abroad.

No. While governance and leadership are part of the portfolio, Saudi GLOMACS delivers training across the entire business and professional lifecycle, including administrative, technical, legal, regulatory, and sector-specific training.

Saudi GLOMACS offers professional training across a wide range of disciplines, including administration, leadership and management, governance and regulation, law, oil and gas, energy, engineering, finance, digital technologies, and sector-specific specialisations.

Training supports professionals across all career stages, from operational roles to specialist and senior responsibilities.

GLOMACS has been delivering professional training for over thirty years, with courses delivered across Europe, the Middle East, Asia, and other international markets.

Saudi GLOMACS is a Saudi-based professional training provider delivering courses tailored to the Saudi market and applicable internationally. It operates within the global GLOMACS framework and draws on more than three decades of international training experience.

No. Our training courses are delivered globally through international locations and online platforms, enabling participants from Saudi Arabia and around the world to learn together. This global delivery approach ensures exposure to diverse perspectives, international best practices, and cross-cultural insights while maintaining strong relevance to regional and organisational needs.

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Yes, in-house and customised strategy training courses are available to support organisations seeking tailored strategic capability development. These courses can be aligned with your industry context, organisational challenges, and long-term strategic objectives.

For further details or to discuss customisation requirements, you may call or WhatsApp +966 (54) 286 8546 or email [email protected] . You can also submit a detailed enquiry through our in-house training page at: https://sa.glomacs.com/in-house-seminars

If you would like further information about these training courses, our team is available to provide professional guidance and support. We are pleased to assist with course selection, the registration process, and any other related enquiries.

For personalised assistance or detailed enquiries, please contact our team on +966 (54) 286 8546 or email us at [email protected]

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