Course details
The main objective of this course is to give an overview to the participants on the Financial Reporting & Analysis module of the CFA Level- 1.
Learning Outcomes
On successful completion of this course, participants will be able to:
- Describe the roles of financial reporting and financial statement analysis
- Describe the roles of the key financial statements
- Explain the process of recording business transactions using an accounting system based on the accounting equation
- Explain the need for accruals and other adjustments in preparing financial statements
- Describe the objective of financial statements and the importance of financial reporting standards in security analysis and valuation
- Describe the general principles of revenue recognition and accrual accounting, specific revenue recognition applications (including accounting for long-term contracts, instalment sales, barter transactions, gross and net reporting of revenue), and the implications of revenue recognition principles for financial analysis
- Describe the elements of the balance sheet: assets, liabilities, and equity
- Compare cash flows from operating, investing, and financing activities and classify cash flow items as relating to one of those three categories given a description of the items
- Describe tools and techniques used in financial analysis, including their uses and limitations
- Classify, calculate, and interpret activity, liquidity, solvency, profitability, and valuation ratios
- Calculate cost of sales and ending inventory using different inventory valuation methods and explain the impact of the inventory valuation method choice on gross profit
- Describe the different depreciation methods for property, plant, and equipment, the effect of the choice of depreciation method on the financial statements, and the effects of assumptions concerning useful life and residual value on depreciation expense
- Describe the differences between accounting profit and taxable income, and define key terms, including deferred tax assets, deferred tax liabilities, valuation allowance, taxes payable and income tax expense
- Discuss the effective interest method and calculate interest expense, amortisation of bond discounts/premiums, and interest payments
- Describe common accounting warning signs and methods for detecting each
- Analyse and describe the following ways to manipulate the cash flow statement: stretching out payables; financing of payables; securitisation of receivables; and using stock buybacks to offset dilution of earnings
- Evaluate a company’s past financial performance and explain how a company’s strategy is reflected in past financial performance.
Target Audience
This course is relevant for anyone intending to study for the CFA level 1 exam
Entry Requirements
Bachleors degree in any discipline is preferable
Updated on 08 November, 2015Course Location
About Bahrain Institute for Banking & Finance
We_They plays a vital role in the training and development of human capital in the Kingdom of Bahrain. Our commitment to excellence has strengthened our position as the top provider of quality education across all major business disciplines. We serve as a partner to numerous world-class institutions; delivering thought leadership, research and advisory, assessment and training in the areas of Accounting and Finance, Academic, Executive Development, Banking, Leadership and Management, Insurance, Islamic Finance and Information Technology; resulting in a complete business solution.
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Since its inception in 1981, We_They has grown from training 450 applicants a year primarily within the banking industry, to 20,000 drawing participants from all sectors of the economy, and are proud to have qualified over 200,000 learners in the last 3 decades.
Our faculty comprise of market practitioners, academics and qualified senior industry professionals. Their perse backgrounds ensure an enriched participant experience, striking the perfect balance between theory and practice.
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