Training on Financial Accounting and Reporting

This Financial Accounting and Reporting training course will refresh and update both your knowledge, and practical skills in financial accounting and corporate reporting. As well as providing a comprehensive refresher in the established foundation principles on which financial information is prepared and reported, following significant development in financial reporting in recent years. The course will also set this within the context of the evolving conceptual framework of the International Accounting Standards Board (IASB) and its International Financial Reporting Standards (IFRS), with a focus on the most significant developments and the new reporting standards.  

Target Participants 

This course is ideal for professionals in the accounting and finance sector. 

What You Will Learn 

By the end of this course the participants will be able to understand: 

• The key concepts in financial accounting 
• The business context for financial reporting 
• Framework, structure, and format of financial statements 
• The analysis and interpretation of financial reports 
• Latest developments and best practice in corporate financial reporting

Course Outline 

• The key concepts in financial accounting 
• Meaning, need and terminology of financial accounting 
• Accounting cycle 
• Double-entry system 
• Accounting equation 
• Cash and accrual system of accounting 
• GAAP 
• Accounting concepts and conventions 
• The key concepts in financial reporting 
• Evolution of regulatory framework of financial reporting, conceptual framework 
• IFRS 
• Users of financial information 
• Theories of disclosure 
• Accounting standards 
• Annual report 
• The Statement of Financial Position and Income Statement 
• The International Accounting Standards Board (IASB) conceptual framework 
• Statement of financial position: purpose structure and presentation 
• Tangible and intangible assets 
• Financial assets and liabilities 
• Inventories 
• Income statement: purpose structure and presentation 
• Revenue recognition principles 
• The Statement of Cash Flows  
• Statement of Cash Flows: purpose structure and presentation 
• Understanding business cash flow drivers 
• Equity capital and debt capital 
• Optimizing working capital 
• Cash flow forecasting techniques 
• Analysis and Interpretation of Financial Reports 
• Fundamentals of analyzing financial reports 
• Ratio analysis 
• Liquidity ratios 
• Solvency ratios 
• Activity ratios 
• Profitability ratios 
• Cash flow statement 
• Measures of return 
• Accountability and Ethics 
• Ethical issues in accounting 
• Accounting code of conduct 
• Function of auditing 
• Corporate governance 

Training Approach 

This course is delivered by our seasoned trainers who have vast experience as expert professionals in their respective fields of practice. The course is taught through a mix of practical activities, presentations, group works and case studies. 

Training manuals and additional reference materials are provided to the participants. 

Certification 

Upon successful completion of this course, participants will be issued a certificate. 

Tailor-Made Course 

We can also do this as a tailor-made course to meet organization-wide training needs. A training needs assessment will be done on the training participants to collect data on the existing skills, knowledge gaps, training expectations and tailor-made needs.