FINANCIAL ACCOUNTING & REPORTING

Introduction:

This training will refresh and update your knowledge and practical skills in corporate financial reporting as it passes through a rapid and far-reaching phase of transformation. The training will refresh the established foundation principles on which financial information is prepared and reported and will also provide a vital update on more recent developments; an examination of the ongoing development of Integrated Reporting will explore the increasing focus on stakeholder value creation. The training will also provide you with valuable practical excel skills in the development of methods for financial ratio analysis, cash flow modeling and the design of interactive financial reports for internal company use.

Course Objectives:

At the end of this training, participants will be able to:

• Recognize critical issues relevant to financial accounting and how to record them on financial statements
• Plan appropriately for assets, liabilities, equities, income and expenditures
• Prepare financial statements in annual financial reports, with the appropriate notes and disclosures
• Recognize the need for transparency in reporting the financial statements and reporting on management
• Determine the structure, presentation and disclosure of the annual financial reports and financial statements
• Report and analyze statement of income and statement of financial position

Course Outline:

Day 1: Financial Statements and Business Decisions

• Accounting and Financial Systems
• Four Key Financial Statements
• Relationship among the Financial Statements
• Management Uses of Financial Statements
• Essential Notes to the Financial Statements

Day 2: Statement of Income

• Recognizing and Accounting for Revenues and Expenses
• Applying Matching Principle and Accrual Basis
• Comprehensive Income and Earnings Per Share
• Signs of Cooking the Books

Day 3: Statement of Financial Position & Owner’s Equity

• Categories and Accounts of Assets, Liabilities and Equity
• Definitions of Accounts in the Statement of Financial Position
• Statement of Owners Equity
• Caution Flags

Day 4: Cash Flow

• Defining the Three Sections of Cash Flow Statement
• Direct versus Indirect Method and the Relation to BS and IS
• Interpreting Cash flow Patterns

Day 5: Reporting and Interpreting Investments

• Types of Equity and Debt Investments
• Accounting for Investments
• Fair Value and Equity Methods / Controlling Interest

Who Should Attend?

• Members of the Financial Accounting Team
• Financial Planning and Budgeting Practitioners
• Professionals with the responsibility of strategic planning
• Investment Analysts and Advisers
• Corporate Communication and Investor Relations Professionals

Delivery Method: Lectures, discussions, syndicate work, case studies, role – play and group exercises. Audio – Visual aids will be used to reinforce these training and learning methods.

Venue: U.S.A

Fee: $5,000.00

Duration: 1 Week

Date: July 31st – Aug 4^th 2023