Course details
Objectives:This course aims to give delegates the opportunity to examine the various means to assess the operational and financial performance of their organisations as well as their competitors, suppliers and clients. Ensuring that the basics are in place, this course will quickly go on to look at some of the more advanced ratios for assessing the financial health of an organisation – both from an internal perspective as well as an external 'asset valuation' perspective. We will consider industr y specific ratios during the course and consider what information they tell us.
Outline:
Corporate Governance and International Financial Reporting Standards (IFRS)
• Establishing the Case for Corporate Governance and International Financial Reporting Standards
• Creative Accounting
• Enron and the Lessons Learnt
• Corporate Governance
• The Structure of IFRS:
o International Financial Reporting Standards
o International Accounting Standards
o Interpretations
o Standing Interpretations Committee
• The International Adoption of IFRS
• Current Issues/IFRS Convergence Projects
• The Problems of Convergence
The Framework for the Preparation and Presentation of Financial Statements
• Purpose and Status
• Scope
• Objective
• Underlying Assumptions
• Qualitative Characteristics of Financial Statements
• Elements of Financial Statements
• Recognition of Elements of Financial Statements
• Measurement of the Elements of Financial Statements
The Presentation of Financial Statements in accordance with IFRS
• Balance Sheet
• Income Statement
• EITHER A Statement of Changes In Equity OR A Statement of Recognised Income or Expense ("SORIE")
• A Cash Flow Statement
• Notes, including a Summary of the Significant Accounting Policies
The Interpretation of Financial Statements and the impact of IFRS
• Financial Analysis
o Common Size Statements
o Trend Analysis
o Ratio Analysis
o Du-Pont Analysis
o Z scores
o Investment Ratios
o Cashflow Ratios
o Peer Group/Industry comparison
o Sensitivity and Scenario Analysis
• International Accounting Diversity
• Comparative analysis of companies adopting IFRS and those not adopting IFRS
• The Impact of IFRS on accounting diversity
• The Case for further IFRS
• Summary
o This case for Corporate Governance & International Financial Reporting Standards and the preparation and evaluation of financial statements written in accordance with IFRS
Updated on 01 July, 2019
Job roles this course is suitable for:
Accountants , Financial Analyst , Corporate Finance ExecutivesCourse Location
About Global Development for Training
Introduction:
Training has become of great importance to managers of various organizations and institutions where training is an effective way to increase employee's efficiency at all stages of his work. It develops his abilities, skills and provides him with new information which is an influential factor in the process of upgrading the employee and increases his authorities and responsibilities.
The last two decades have witnessed a major transformation in the training knowledge. It has become Knowledge-based science; it is the only way to progress and development.
The need of Knowledge-based science is now a scale of new wealth. It requires a distinct type of education and lifelong training in acquiring knowledge and updating on an ongoing basis. This was an important reason that led to establishment of Global Development for Training (G.D.T).
Establishment:
Global Development for Training was established in 2012 in UAE - Permit No. 91,288 in Dubai to provide training and consulting services and staff development with the latest training methods in the world and in line with the global market to meet all the strategic requirements of the global markets in an environment based on modern knowledge, through the best human development trainers in the Arab world and the rest of the world, to reach the highest level of quality, creativity and developing clients and participants.
Vision:
To be one of the best training centers in the world which train and qualify the leaders and staff of the Arab World with the latest training methods in the world.
Mission:
We seek to provide strong training base to provide training and consulting services that meet all the strategic requirements for global markets in an environment built on knowledge, and through professionals Instructors in the world. Therefore, we put our goals in order to reach the highest levels of quality and creativity.
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