This programme is designed to identify the importance of financial reporting in business, while looking at the framework of accounting and financial reporting standards. Delegates will learn how to identify key accounting issues, and report them on financial statements.
This course will also explore the ways in which internal reporting contributes to; control of costs, revenues, investment, and financing, which is important in the identification and rectification of problems while making and implement profitable and value-adding decisions.
Who should attend?
This programme has been designed for accounting and finance professionals seeking to develop and enhance their practical finance and accounting skills and knowledge. Those who are actively involved in reporting and analytical roles will also find the course to be essential, as well as those needing to learn about modern corporate financial performance management processes.
Financial Statements and Business Decisions
- Understanding accounting and financial systems
- Managing and using Financial Statements
- Interpreting Income Statements
- Accounting for Revenue and Cost and calculating profit
- The purpose of the balance sheet
- Defining and categorizing accounts in the balance sheet
- Reporting of equity
- Reviewing the balance sheet and its interpretation
Understanding Cash Flow
- Defining the principles of the Cash Flow Statement
- Review of cash flow statements and their interpretation
Measuring and Reporting of receivables
- Identifying and Accounting for Bad Debts
Understanding the nature of Inventory
- Methods for Determining and valuing Inventory
- Meaning and reporting
- Cash-flow implications
Reporting of fixed and intangible assets
- The importance of classifying, measuring and recording long-lived assets
- Accounting for Repairs, Maintenance, and Additions
- Depreciation, Amortization and Disposal of Assets
- Accounting and Reporting for Intangibles and Natural Resources
Effective Reporting and Interpretation of Investments
- Accounting for Investments
- Fair Value and Equity Methods / Controlling Interest
Types of Ownership and Stock
- Accounting for Capital and Dividends
Recent developments in financial reporting