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Financial Reporting and Accounting

By: Cynet East Africa Consultancy

Kenya

29 Jul - 02 Aug, 2024  5 days

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USD 1,050

Get 10.00% off

Venue: Nairobi

Other Dates

Venue Date Fee  
Nairobi, Kenya 19 - 23 Aug, 2024 USD1050
Mombasa, Kenya 02 - 06 Sep, 2024 USD1050
Nairobi, Kenya 14 - 18 Oct, 2024 USD1050
Nairobi, Kenya 04 - 08 Nov, 2024 USD1050
Nairobi, Kenya 09 - 13 Dec, 2024 USD1050

The program seeks to improve and update participants' knowledge and practical skills in financial accounting and corporate reporting. It focuses on essential principles of preparing financial information, placing them within the evolving framework of the International Accounting Standards Board (IASB) and International Financial Reporting Standards (IFRS). Emphasizing recent developments and changes in reporting standards, the program provides a comprehensive update on both foundational principles and modern advancements in financial reporting. This training program highlights fundamental information pertaining to the business context for financial reporting, the key concepts in financial accounting, framework, structure, and format of financial statements, the analysis and interpretation of financial reports, & eventually the latest developments and best practice in corporate financial reporting.

PROGRAM OBJECTIVES

  • Grasp the significance of financial reporting in business performance management.
  • Prepare financial statements adhering to IASB standards.
  • Critically analyze and interpret financial statements and reports.
  • Contribute to the development of Integrated Reports within your organization.
  • Utilize practical Excel skills to enhance reporting and forecasting

MODULES

Module 1: Financial Accounting and Reporting – Business Context and Key Principles

  • Purpose of financial accounting and reporting.
  • Key principles in corporate governance.
  • Building a winning business model.
  • Key concepts in financial accounting.
  • Structure of financial accounting systems.
  • Fundamentals of financial reporting.
  • Creative accounting, scandals, and fraud.

Module 2: The Statement of Financial Position and Income Statement

  • The IASB Conceptual Framework.
  • Statement of Financial Position: purpose structure and presentation.
  • Tangible and intangible assets.
  • Financial assets and liabilities.
  • Inventories.
  • Statement of Changes in Equity: purpose structure and presentation.
  • Income Statement: purpose structure and presentation.
  •  Revenue recognition principles.

Module 3: The Statement of Cash Flows and Group Reporting

  • Statement of Cash Flows: purpose structure and presentation.
  • Understanding business cash flow drivers.
  • Equity capital and debt capital
  • Leases
  • Optimizing working capital
  •  Cash flow forecasting techniques
  • Group Accounts: purpose structure and presentation

Module 4: Analysis and Interpretation of Financial Reports

  • Fundamentals of analyzing financial reports.
  • The shareholder value concept.
  • Measuring and managing profitability.
  • Measuring and managing liquidity.
  • The effect of gearing on risk and shareholder value.
  • Predicting corporate distress and failure.
  • Forecasting financial performance and financial position.

Module 5: Designing and Presenting Effective Financial Reports

  • The limitations of financial reports
  • Designing effective internal business reports
  • Developing and using business dashboards
  • Making effective financial presentations
  • Developments in Integrated Reporting (IR)
  • Integrated Reports: purpose, structure, and presentation

CERTIFICATION

  • Upon successful completion of the training, participants will be awarded Cynet East Africa Consultancy certificate.

N/B

  • Training will be facilitated by Cynet East Africa Consultancy seasoned trainers.
Nairobi Jul 29 - 02 Aug, 2024
Nairobi, Kenya 19 - 23 Aug, 2024
Mombasa, Kenya 02 - 06 Sep, 2024
Nairobi, Kenya 14 - 18 Oct, 2024
Nairobi, Kenya 04 - 08 Nov, 2024
Nairobi, Kenya 09 - 13 Dec, 2024
USD 1,050.00
USD 1,050.00
USD 1,050.00
USD 1,050.00
(Convert Currency)

Janet Cherono/Nancy Kemunto +254 792 972525/+254 204401089

10% discount for a group of three delegates and above
Janet Cherono
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