This financial accounting and reporting course allow delegates to explore and recognize vital areas of financial accounting and reporting. As a result of this program, delegates will find themselves more efficient in their reporting and accounting role.
The financial accounting and reporting training program outline is up to date and pertinent to marketplace requirements, thus catering well to all analytical prediction of training needs in the specified area. A customised proposal can also be arranged, to suit the training requirement of your team.
By the end of the financial accounting and reporting course, participants will be able to:
- Recognize important financial accounting topics and how to report them on financial statements
- Properly account for assets, liabilities, equity, revenues and expenses
- Prepare financial statements with the required notes and disclosures in periodic financial reports
- Recognize the need for transparency in reporting of financial statements and management reports
- Determine the structure, presentation and disclosure of financial statements and annual reports
- Report and interpret income statement and balance sheet accounts
- Financial Statements and Business Decisions
- Accounting and Financial Systems
- Four Key Financial Statements
- Relationship among the Financial Statements
- Management Uses of Financial Statements
- Income Statement
- Recognizing and Accounting for Revenues and Expenses
- Applying Matching Principle and Accrual Basis
- Comprehensive Income and EPS
- Signs of Cooking the Books
- Balance Sheet & Statement of Owners Equity
- Categories and Accounts of Assets, Liabilities and Equity
- Definitions of Accounts in the Balance Sheet
- Statement of Owners Equity
- Caution Flags
- Cash Flow
- Defining the Three Sections of the Cash Flow Statement
- Direct versus Indirect Method and the Relation to BS and IS
- Interpreting Cash flow Patterns
- Accounting Adjustments
- Accruals and Unearned Revenue and Prepayments
- Accounting Estimates
- Financial Statements Relationships
- Measuring and Reporting
- Estimating and Accounting for Bad Debts
- Methods of Converting Accounts Receivable to Cash
- Nature of Inventory and COGS
- Methods for Determining Inventory and COGS Values
- PPE, Natural Resources and Intangibles
- Classifying, Measuring and Recording Long-Lived Assets
- Accounting for Repairs, Maintenance, and Additions
- Depreciation, Amortization and Disposal of Assets
- Accounting and Reporting for Intangibles and Natural Resources
- Reporting and Interpreting Investments
- Types of Equity and Debt Investments
- Accounting for Investments
- Fair Value and Equity Methods / Controlling Interest
- Liabilities and Owners’ Equity
- Definitions and Classification of Liability Accounts
- Types of Ownership and Stock
- Accounting for Capital and Dividends
- Accounting for Treasury Shares
- Essential Notes to the Financial Statements
Who should attend?
Professionals in the field of finance and accounting, accountants at all levels seeking to enhance practical finance and accounting knowledge, certified financial and accounting personnel. Minimum requirement: basic understanding of accounting.
- All our courses can be facilitated as Customized In-House Training course.
- Course duration is flexible and the contents can be modified to fit any number of days.
- As for Open Enrolment Courses, we offer our clients the flexibility to chose the location, date, and time and our team of experts who are spread around the globe will assist in facilitating the course.
- The course fee includes facilitation, training materials, 2 coffee breaks, buffet lunch and a Certificate of successful completion of Training.
- FREE Consultation and Coaching provided during and after the course.