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Flagship Program in Finance and Accounting

"Future Financial Leaders"

 

 

 

Introducing the latest cohort of our prestigious Finance & Accounting Flagship Program, conducted in partnership with IE University. This program is designed to bridge the gap between academia and industry, offering participants hands-on experiences, industry insights, and mentorship from seasoned professionals. Since its inception in 2021, the program has achieved remarkable success. Our comprehensive curriculum covers foundational principles in accounting and advanced concepts in finance, while emphasizing essential soft skills.

Key Features:

 

  • Real-World Case Studies: Engage with practical scenarios that mirror industry challenges.
  • Global Finance Insights: Learn about fintech, sustainability, and geopolitics to stay ahead in the global market.
  • Gamified Learning Experience: Enjoy a dynamic and interactive learning process through our innovative Pulse platform.
  • Soft Skill Competences: Build essential skills for different work environments.
  • Big Picture Understanding: Grasp the comprehensive landscape of finance and accounting.
  • Personalized Career Coaching: Gain one-on-one career guidance to map out your professional journey and prepare for advanced financial roles.
  • Training Ending With Employment Program: Program fees are primarily covered by HRDF, with partial funding from sponsoring organization, offering a pathway to employment upon completion of your training.

Benefits:

 

  • Enhanced Practical Skills: Apply theoretical knowledge to real-world problems.
  • Networking Opportunities: Connect with top professionals and industry leaders.
  • Career Advancement: Gain the skills and insights needed to propel your career forward.
  • Training program Ending with Employment: Secure your future with a pathway to employment.

Who Should Apply?

 

  • Saudi Nationals: Must hold Saudi nationality.
  • Educational Background: Bachelor’s degree or higher in finance, accounting, business, or other majors (non-business majors may be considered).
  • Employment Status: Not currently employed (no experience required).
  • Student Status: Not currently a student.
  • Registration: Must be registered in Jadrat.
  • Language Proficiency: Proficient in English. 
  • Commercial Registration (CR): Do not hold CR

 

                         "Future Financial Leaders"

 

What you will learn

FINANCIAL ACCOUNTING:

 

  1. How to write financial statements.
  2. How to read and interpret those statements as the means to support financial decision-making.
  3. Understand the links between the income statement, balance sheet and statement of cash flows
  4. Be able to analyze and interpreting financial statements and understanding the business behind the numbers.
  5. Evaluating/challenge the assumptions and understand short-term and long-term financial needs.
  6. Understand the main innovations introduced by International Financial Reporting Standards and to identify the critical area for their application.
  7. Be familiar and comfortable with individual and consolidated financial statements under International Financial Reporting Standards.

CORPORATE FINANCE :

 

  1. To teach the fundamental methods and skills of finance.
  2. To prepare you to make sound personal and professional financial decisions.
  3. To provide the knowledge that enables you to better understand the role of finance in the real life and management.
  4. To prepare you to take more advanced courses in finance and other business areas.

INTRODUCTION TO CAPITAL MARKETS :

 

  1. Identify the main drivers from the corporate finance standpoint affecting the company´s financing decisions.
  2. Understand capital structure and the tradeoffs involved in the use of alternative sources of finance by weighting the factors that determine the optimal level of borrowing.
  3. Ascertain the capital and financial markets dynamics and drivers, as well as the prevailing trends at present.
  4. Gather the key elements and features of the main financial instruments in the different markets.

THE M&A PROCESS AND FINANCIAL MODELING :

 

  1. To get acquainted in excel as a junior IB-banker in order to eventually build a representation of a decision-making situation and deliver a simplified but equally adequate version of the past or projected performance of a business, project, or specific operations.
  2. To familiarize with the steps followed by M&A bankers in a deal, being on the sell-side or the buy-side.

MANAGEMENT ACCOUNTING AND CONTROL :

 

  1. Identify the behavior and allocation of costs to products and services.
  2. Identify the main features of the management control environment.
  3. Describe the sequential steps in the typical management control process.
  4. Assess the congruency between corporate strategies, organizational designs and performance evaluation and incentive systems.
  5. Design and implement performance measurement systems, using concepts such as strategic maps and performance indicators.

ADVANCED CORPORATE FINANCE :

 

  1. Understand M&A accounting and how to model an integrated post-acquisition company model.
  2. Create different merger analysis such as uses & sources, accretion dilution, purchase price allocation, treasury method share dilution.
  3. Understand impact of debt vs. equity funding in M&A.
  4. Value drivers in leveraged buy outs and technicalities of LBOs.
  5. Model complex structures such as debt amortization schedules, cash sweeps, revolver facilities, equity waterfalls, reserve accounts.
  6. Basics of securitization: mortgage-backed securities, collateralized debt obligations and credit default swaps. Basic functioning and cast of characters in the ’07 financial crisis.
  7. Investor remuneration: dividends vs. share buybacks.
  8. Corporate governance current topics and activist investors.

ISLAMIC FINANCE :

 

  1. Knowledge on the basic components of Shari’a Law and its influence in finance.
  2. Competencies on how to use Islamic financial instruments and how these compare with western equivalents
  3. Understanding how Islamic Banks, Islamic Funds, and Islamic Bonds operate in practical contexts
  4. Practical knowledge on how new financial tools can resolve social problems.
  5. Knowledge on new trends in global finance.

SUSTAINABLE FINANCE :

 

  1. Develop a background knowledge of the main debates around CSR and Sustainable Finance
  2. ESG considerations and their financial impact on companies
  3. Practical knowledge of diverse Socially Responsible Investments (types, specific characteristics)
  4. Create a watch list, tools and sources to find information to make a founded investment decision from an ESG approach.

AUDITING AND TAXATION :

 

  1. To critically evaluate the position that auditing and assurance occupy in the economic relationships surrounding organizations.
  2. To explain the main steps involved in conducting financial statements audits and the decision auditors make in the process. The module is not aimed at making the participants become tax specialists, but rather at providing them with tools and skills needed to:

    a. Comprehend the sophisticated tax dimensions of multinational business and financial strategies

    b. Engage in discussion with internal and external tax specialists;

    c. Understand and estimate in advance tax opportunities and tax risks related to the conduct of cross-border business and financial activities and investments.

ADVANCED CAPITAL MARKETS :

 

  1. Know in detail which are the main financing sources. Understand capital structure and the tradeoffs involved in the use of alternative sources of finance by weighting the factors that determine the optimal level of borrowing.
  2. Determine the capital and financial markets dynamics and drivers, as well as the current trends.
  3. Gather the key elements and features of the main financial instruments in the different markets.
  4. Understand the derivatives markets and how can be used for speculation ad hedging.
  5. Have a complete view of the market and credit risk within the capital markets.

FINTECH :

 

  1. Understand the current Fintech environment
  2. Become aware of the trends and disruptors in the industry,
  3. Understand the implications of regulation in the sector.
  4. Develop an awareness of future threats and opportunities in the sector and how to adapt to them.

Meet Your Instructors

  • CELIA DE ANCA

    DIRECTOR OF THE SAUDI SPANISH CENTER FOR ISLAMIC ECONOMICS AND FINANCE

    Celia is Director of the Saudi Spanish Center for Islamic Economics and Finance and Associate Professor, Human Resources and Organizational Behaviour at IE Business School. She has managed educational projects in the Middle East for over a decade.

    Learn more

    Celia is Director of the Saudi Spanish Center for Islamic Economics and Finance and Associate Professor, Human Resources and Organizational Behaviour at IE Business School. She has managed educational projects in the Middle East for over a decade.

    Learn more

  • ÁLVARO GARCÍA SOTO

    ACADEMIC DIRECTOR, IE SAUDI ARAMCO MBA

    Álvaro is a Professor of Financial Accounting and Financial Statements Analysis and Academic Director for the IE Saudi Aramco MBA. He brings to the Altamayyuz Academy more than 25 years of financial experience as an academic, adviser and entrepreneur.

    Learn more

    Álvaro is a Professor of Financial Accounting and Financial Statements Analysis and Academic Director for the IE Saudi Aramco MBA. He brings to the Altamayyuz Academy more than 25 years of financial experience as an academic, adviser and entrepreneur.

    Learn more

  • CARLOS PALLERO

    ASSOCIATE PROFESSOR, IE UNIVERSITY

    Carlos is an Associate Professor and Academic Director of the IEU Global Counselors Academy. He is also Founder and Director of Mente Colectiva, a pioneering educational advisory in the field of Neuro-learning in schools and universities around the world.

    Learn more

    Carlos is an Associate Professor and Academic Director of the IEU Global Counselors Academy. He is also Founder and Director of Mente Colectiva, a pioneering educational advisory in the field of Neuro-learning in schools and universities around the world.

    Learn more

FAQs :

Who should apply in the program?

Saudi nationals with a Bachelor’s degree or higher are eligible to apply. The program considers applicants from Finance, Accounting, Business, and even non-business majors. It is designed for unemployed individuals, with no prior experience required. Applicants should not be current students, must be registered in Jadrat, be proficient in English, and must not have any commercial registration.

How can I apply to the program?

To apply, you need to submit your application through the registration link provided on this page. Ensure that you meet all program criteria and requirements.

What is the language used in the program?

All training materials and tests will be conducted in English.

What is the policy regarding attendance?

Attendance is mandatory for all program days. Absences will only be accepted in case of an emergency or with valid documentation. Absence will negatively impact your ability to continue the program.

What should I bring with me if I am accepted into the program?

If successfully enrolled, you should bring a laptop or a tablet to complete any activities during the classes, such as popup exams, simulations, teamwork, research, etc.

Are there any fees for the program?

The program fees are primarily covered by HRDF, with partial funding from sponsoring organization, offering a pathway to employment upon completion of your training.

Can I join the program while employed?

Candidates must be fully available for the entire duration of the program and must not be associated with any employer neither is a current student, or have a commercial registration.

Is the program in the morning or evening?

The program takes place in the morning from Sunday to Thursday, from 9 AM to 4 PM KSA time, and may extend beyond 4 PM if necessary.

Is there a certificate of completion?

Yes, Altamayyuz Academy will award a certificate to participants who fulfill all program requirements. The certificate will be signed by the Altamayyuz chairman and the IE University president.

How can I contact the academy team if I have any inquiries before the acceptance of the program?

You can contact the academy team via the following email: admissions@al-tamayyuz.com

What are the program features?

The program features training that leads to employment opportunities, emphasizes the practical application of skills. It includes components designed to develop resilience and the ability to handle pressure, as well as the development of essential soft skills. Participants will learn to understand and grasp the bigger picture in their field, enhance their career readiness with personalized coaching, and prepare for advanced roles in finance.

Participant testimonials

"I decided to join Altamayyuz because I was interested in entering a new challenge. As a young finance professional, Altamayyuz seems like a new challenging experience that would test me at my current knowledge level and push me to move forward."

Raghda Alyami
Saudi Aramco

"Joining Altamayyuz Flagship Program is a great opportunity for me to increase my knowledge in the financial industry, and there's no better way than learning from the best! In my opinion, the group they accepted are from the best financial organizations in Saudi and I can learn so much from them."

Saleh Almadhyan
EY

"I joined Altamayyuz program to strengthen my knowledge and expand my professional network. The program is built around sharing experiences, led by the biggest financial institutions in the industry."

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