Financial Accounting and Reporting Course

Introduction

This training on financial accounting and reporting course will refresh and update both your knowledge, and practical skills in financial accounting and corporate reporting. As well as providing a comprehensive refresher in the established foundation principles on which financial information is prepared and reported, following significant development in financial reporting in recent years.

Training on financial accounting and reporting will also set this within the context of the evolving conceptual framework of the International Accounting Standards Board (IASB) and its International Financial Reporting Standards (IFRS), with a focus on the most significant developments and the new reporting standards.

Who Should Attend

This training on financial accounting and reporting course is ideal for professionals in the accounting and finance sector

Duration:

5 days

Course Objectives

By the end of this course the participants will be able to understand:

• The key concepts in financial accounting
• The business context for financial reporting
• Framework, structure, and format of financial statements
• The analysis and interpretation of financial reports
• Latest developments and best practice in corporate financial reporting

Course Outline

The key concepts in financial accounting

• Meaning, need and terminology of financial accounting
• Accounting cycle
• Double-entry system
• Accounting equation
• Cash and accrual system of accounting
• GAAP
• Accounting concepts and conventions

The key concepts in financial reporting

• Evolution of regulatory framework of financial reporting, conceptual framework
• IFRS
• Users of financial information
• Theories of disclosure
• Accounting standards
• Annual report

The Statement of Financial Position and Income Statement

• The International Accounting Standards Board (IASB) conceptual framework
• Statement of financial position: purpose structure and presentation
• Tangible and intangible assets
• Financial assets and liabilities
• Inventories
• Income statement: purpose structure and presentation
• Revenue recognition principles

The Statement of Cash Flows

• Statement of Cash Flows: purpose structure and presentation
• Understanding business cash flow drivers
• Equity capital and debt capital
• Optimizing working capital
• Cash flow forecasting techniques

Analysis and Interpretation of Financial Reports

• Fundamentals of analyzing financial reports
• Ratio analysis
• Liquidity ratios
• Solvency ratios
• Activity ratios
• Profitability ratios
• Cash flow statement
• Measures of return

Accountability and Ethics

• Ethical issues in accounting
• Accounting code of conduct
• Function of auditing
• Corporate governance

Training Approach

This course will be delivered by our skilled trainers who have vast knowledge and experience as expert professionals in the fields. The course is taught in English and through a mix of theory, practical activities, group discussion and case studies. Course manuals and additional training materials will be provided to the participants upon completion of the training.

Tailor-Made Course

This course can also be tailor-made to meet organization requirement. For further inquiries, please contact us on: Email: [email protected] Tel: +254 721 331 808

Certification

Participants will be issued with Upskill certificate upon completion of this course.