Course details
This course provides participants with the knowledge to read and understand a set of published Insurance Company Financial Statements. The course will also provide an opportunity to appreciate the use of some of the International Financial Reporting standards (IFRS) relevant to the understanding of Insurance Companies financial statements.
Learning Outcomes
On successful completion of this course, participants will be able to:
- Identify and explain the purpose of Financial Statements (Statement of Comprehensive Income (Proft and Loss Account), statement of financial position (Balance Sheet), Statement of cash flows, Statement of changes in equity and related notes)
- Identify the users of Financial Statements
- Differentiate between Financial statements of insurance and? other industries
- Describe and explain the various accounting concepts, assumptions and related accounting standards used in the preparation and presentation of Financial Statements
- Identify and differentiate the contents used to prepare Financial Statements
- Link the various parts that make up the published Financial Statements
Target Audience
The course is design for inpiduals (with no or little accounting background) who need to read and understand Insurance Company financial statements
Entry Requirements
Understanding Financial Statements 220
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.
We_They covers a wide spectrum of subject matter, with over 300 different courses offered to the financial and corporate market; tailor-made training solutions based on organisational requirements; specialised programmes taught by leading market specialists; and professional qualifications and degree programmes in partnership with major international organisations.
We_They continues to exceed global benchmarks for many of the qualifications it offers with its affiliates.
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.
We_They has made its mark internationally with clients in Asia, Africa, Europe, USA and the Middle East, well on its way to becoming the global institute of choice.
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