Training on Financial Accounting & Reporting

Training on Financial Accounting & Reporting

About the Program

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.

Target Audience

This training program is applicable to individuals engaged in preparing, presenting, and interpreting corporate financial reports, spanning both the private and public sectors. It is relevant for professionals in commercial enterprises, government agencies, and nonprofit organizations.

The Financial Accounting & Reporting program is well-suited for a diverse range of professionals, including:

• Members of financial accounting teams.
• Professionals in financial planning and budgeting.
• Team members involved in strategic planning and head office functions.
• Professionals in corporate communication and investor relations.
• Investment analysts and advisers.

Training Period

• Classroom: 5 Days
• Online: 7 Days

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

Delivery Method

This program is taught through a mix of practical activities, theory, group work and case studies. Training manuals and additional reference materials are provided to the participants.

CERTIFICATION

Upon successful completion of the training, participants will be awarded a certificate of course completion