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Course details
Overview
The 5-day Financial Accounts and Reports training courseprovides you with a comprehensive understanding of preparing analysing and interpreting critical financial statements. It delves into the importance of accurate record-keeping the principles of accounting and the intricacies of financial reporting standards. By the end of this course you will be equipped with the skills needed to assess an organisation's financial health and make informed business decisions.
Objective
Understand the fundamental principles of accounting and financial reporting.
Acquire knowledge in preparing primary financial statementsincluding the balance sheetincome statementand cash flow statement.
Develop skills in analysing and interpreting financial reports to evaluate an organisation's financial position.
Gain insight into the regulatory environment governing financial reporting and ensure compliance.
Enhance skills in using financial reports for strategic planningdecision-makingand performance evaluation.
Who Should Attend
Accounting Professionals
Financial Audit Professionals
Non-Finance Managers
Investment Bankers and Consultants
Regulatory Authority Representatives
Stakeholders
Professionals Preparing for Certifications
Course Outlines
Day 1: Introduction to Financial Accounting & Reporting
The role and purpose of financial accounting in business.
Overview of financial statements and their importance.
Principles of accounting: Accrual vs. Cash basis double-entry system.
Introduction to International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP).
Day 2: Delving into the Balance Sheet (Statement of Financial Position)
Components of the balance sheet: assets liabilities and equity.
Classification and valuation of assets: current vs. non-current tangible vs. intangible.
Understanding liabilities: short-term vs. long-term contingent liabilities.
Equity: capital retained earnings and reserves.
Day 3: Income Statement (Profit and Loss) and Statement of Cash Flows
Structure and elements of the income statement: revenues costs gains and losses.
Analysing operating investing and financing activities in the cash flow statement.
Importance of cash flow in assessing liquidity and solvency.
Practical exercises in preparing income and cash flow statements.
Day 4: Analysing and Interpreting Financial Reports
Financial ratios: liquidity solvency profitability and efficiency ratios.
Trend analysis and benchmarking.
Using financial statements for business forecasting and budgeting.
Case studies: Interpretation and analysis of real-world financial statements.
Day 5: Regulatory Environment and Future of Financial Reporting
Overview of key regulatory bodies and their roles.
Compliance with IFRS GAAP and other financial reporting standards.
Ethical considerations in financial reporting.
The future of financial reporting: automation AI and predictive analytics.
Course wrap-up feedback and evaluations.
Job roles this course is suitable for:
Accounting , Professionals , Financial , Audit , Professionals , Non-Finance , Managers , Investment , BankersAbout London Training For Excellence
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