This leading edge Financial Accounting and Reporting training will refresh and update your knowledge and practical skills in corporate financial reporting as it goes through a phase of rapid and far-reaching transformation. The course will provide a refresher in the established foundation principles on which financial information is prepared and reported and will also set this within the context of the constantly evolving conceptual framework of the International Accounting Standards Board (IASB) and its International Financial Reporting Standards (IFRS).
This training course will also provide a vital update on more recent developments; the increasing focus on stakeholder value creation will be explored by examining the ongoing development of Integrated Reporting. The training seminar will also provide you with useful practical Excel skills in building financial ratio analysis tools, cash flow forecasting and designing graphical financial reports for internal company use.
This training seminar on Financial Accounting and Reporting will highlight :
The business context for financial reporting.
The key concepts in financial accounting.
Framework structure and format of financial statements.
The analysis and interpretation of financial reports.
Latest developments and best practice in corporate reporting.
This training course has been designed to provide you with up to date knowledge and practical skills in the preparation, presentation and interpretation of financial statements and corporate reports.
By the end of this training you will have learned to :
Understand the role of financial reporting in managing business performance.
Prepare financial statements in accordance with IASB standards.
Critically analyse and interpret financial statements and reports.
Assist in developing Integrated Reports for your own organisation.
Apply practical Excel skills in reporting and forecasting.
This training will be structured as a highly participative workshop with formal presentations, case studies and interactive worked examples. Relevant examples and case studies are provided to illustrate the application of each of the topics covered and opportunities are provided to learn and apply the key financial accounting and reporting principles using practical examples and exercises.
Duration : 4 Days
The organisation will benefit from the development and practical application of advanced skills in financial accounting and reporting as well as from raised awareness of important recent developments in the measurement and reporting of stakeholder value creation using Integrated Reporting techniques; specific benefits for the organisation will include :
Up to date knowledge of the requirements under the IASB framework.
Development of skills in critical analysis and interpretation of financial reports.
Raised awareness of measuring and reporting stakeholder value.
Readiness to participate in development of Integrated Reporting.
Advanced practical skills in financial forecasting and internal reporting.
Who Should Attend ?
This training would be relevant to all of those involved in the preparation, presentation and interpretation of corporate financial reports from both the private and public sector; both in commercial businesses, government and not-for-profit organisations. This training course is suitable to a wide range of professionals but will greatly benefit :
Financial Accounting Team Members.
Financial Planning and Budgeting Professionals.
Strategic Planning and Head Office Team Members.
Corporate Communication and Investor Relations Professionals.
Investment Analysts and Advisers.
Financial Accounting and Reporting – Business Context and Key Principles
– Purpose of Financial Accounting and Reporting – Key Principles in Corporate Governance – Understanding the Value Creation Process – Building a Winning Business Model
– Key Concepts in Financial Accounting
– Structure of Financial Accounting Systems
– Fundamentals of Financial Reporting
– Creative Accounting, Scandals and Fraud
Framework, Structure and Format: Income Statement and Balance Sheet
– The IASB Conceptual Framework
– Key International Accounting and Reporting Standards (IAS and IFRS)
– Income Statement: Purpose, Structure and Format
– Key IAS and IFRS Relevant to the Income Statement
– Balance Sheet: Purpose Structure and Format
– Key IAS and IFRS Relevant to the Balance Sheet
– Provisions, Revaluation and Post Balance Sheet Events
Structure and Format: Cashflow Statement and Group Accounts
– Business Cashflow Drivers
– Equity Capital, Debt Capital and Working Capital
– Cashflow Statement: Structure and Format
– Key IAS and IFRS Relevant to the Cashflow Statement
– Cashflow Forecasting Methods
– Groups of Companies: Subsidiaries and Associates
– Group Accounts: Structure and Format
– Key IAS and IFRS Relevant to Group Accounts
Analysis and Interpretation of Financial Statements
– The Purpose of Financial Statement Analysis
– A Systematic Approach to Financial Analysis
– Basic Techniques: Vertical and Horizontal Analysis
– Financial Ratio Analysis using Excel
– Using the Pyramid of Ratios to Manage Profitability
– DuPont Analysis and Shareholder Value
– Predicting Corporate Failure
– Forecasting Financial Statements
Developments and Best Practice in Financial Reporting
– Limitations of Financial Statements
– Developments in Integrated Reporting (IR)
– Purpose, Structure and Format of Integrated Reports
– Designing Internal Financial Reports in Excel
– Incorporating Excel Graphics-in to Internal Reports
– Developing and using Scorecards and Dashboards
Financial Analysis, Modelling & Forecasting
Fraud and Forensic Auditing
GST Essential Accounting Records and Book Keeping Skills
GST Penalty Avoidance
GST Refresher Course
GST Risk Avoidance & Overcoming Pitfalls
Microsoft Excel Big Data Fundamentals
Overcoming GST Pitfalls Through Informed Updates
Practical Accounting Skills Including GST Tax Code Mapping and GST Treatment for Accounting Personnel
Accounting & Finance for Non-Accounting Managers
Customers Credit Worthiness Evaluation and Collection Strategies