* All fees are exclusive of vat ** PREMIUM - Customize your learning experience
This course will develop your understanding of financial reporting in business and it’s importance. It will consider how a company’s annual report and accounts provide an opportunity for its management to account for their actions to shareholders. The course will consider the framework provided by accounting and financial reporting standards, corporate legislation, and the requirements of stock markets around the world.
What Do Participants Learn?
Appreciate how transactions are recorded in business accounting systems
Apply professional judgment in summarizing and reporting financial information
Identify the role of accounting and financial reporting standards in the communication of financial results
Understand how key accounting and financial reporting standards are applied to their respective organizations
Understand the role of audit in providing assurance to shareholders
Read and understand their organization’s annual financial reports
Apply analytical techniques to evaluate the financial performance and financial position of the organization.
Who Should Attend?
Financial officers and planners
Anyone interested and wanted to develop his performance in finance
What Will the Learning Experience Include?
Comprehensive pre-program activities include:
Web-based information forms & surveys completed by attendee.
Direct consultation with the attendee about the expectations.
During the training, participants engage in data, activities, and conversations that lead to insight and knowledge.
Participants learn from expert trainers who have both academic and business experiences.
Highly applicable training content & instructive activities for adding depth to training topics.
**A half-day site visit for integrating the experience & plan next steps. Opportunities to provide connections, ideas & support.
Explore & Practice
Apply & sustain the learning experience by using this ongoing support:
To ensure participant has new skills or behavior progress.
Optional, fee-based mentoring & coaching with the trainer.
Training materials & additional documents (e-books, pdf files, presentations and articles)
Evaluate your training experience by giving us feedbacks and help us to reach our organizational goals.
Section One: The Importance of Accounting in Business
Business objectives and shareholder wealth maximization
The users of financial information
The role of accounting in financial reporting
Double-entry accounting – the language of business
The importance of the accounting period for measuring performance and value
The fundamental accounting equations
Section Two: The Structure and Format of Financial Reports
The income statement and its elements: revenues; costs
What the income statement tells us, its purpose, and structure
Categories of revenue and cost
Calculation of profit
Circumstances where judgment needs to be applied
The balance sheet and its 3 elements: assets; liabilities; equity
What the balance sheet tells us, its purpose, and structure
Current and non-current assets and liabilities
Valuation of non-current assets and depreciation
Valuation of inventory and cost of sales
The links between asset valuation and profit
Short-term financing and working capital
Section Three: The Statement of Cash Flows and Group Accounting
The statement of cash flows
What the statement of cash flows tells us, its purpose, and structure
Cash flows from operating activities
Cash flows from investing activities
Cash flows from financing activities
The cash flow forecast
The creation of groups of companies
Subsidiary companies, associated companies, and joint ventures
Preparation of a group balance sheet
The conceptual frameworks of accounting
The development of International Financial Reporting Standards
Section Four: Analysis and Interpretation of Financial Reports
Analysis of financial position and financial performance
Interpretation of financial statements – key principles
Efficiency and working capital ratios
Financial structure ratios
Pyramids of ratios
Integration of ratios – the Dupont system
Common size trend analysis
Vertical trend analysis
The shortcomings of financial statements for analysis
Section Five: Published Financial Reports and Corporate Governance
The annual report and accounts
Financial reporting in the UK, USA, and GCC countries