Understanding The Financial Reports Of Government Agencies

Course details

Published accounts are the backbone of the accountability and reporting system used in the public, semi-state and private sectors. The information contained in these reports is critical for those charged with the responsibility of monitoring agency performance. However, this information is only useful where it can be interpreted accurately and in the correct context.

Outcomes

At the end of the course, participants should be able to:

• appreciate the role of information communicated by published accounts
• develop an understanding of the structure and role of the accounting and the financial reporting function
• understand the context and environment of accounting
• understand the language of finance and accounting
• understand the format and content of Income and Expenditure accounts and Balance Sheets and Cash Flow Statements including the rules and regulations, which underpin the financial reporting system
• appreciate the significance of the analysis and interpretation of accounts
• develop an understanding of Ratio Analysis and interpretation of results

Topics

• Framework of Accounting
• Accrual Accounting Principles
• Annual Financial Statements - Balance Sheet, I & E Account and Cash Flow Statement
• Assessing the reliability of information in published financial statements
• Analysing published statements
• Interpreting the analysis