- TypeTraining or Development Class
- Location Devimpact Institute, Nairobi, Kenya
- Date 19-06-2023 - 23-06-2023
Education/Teaching/Training/Development
About the Course
This Financial Accounting and Reporting training 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. The course 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.
Target Participants
This course is ideal for professionals in the accounting and finance sector.
Course Duration
Online
7 Days
Classroom-based
5 Days
What You Will Learn
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 is delivered by our seasoned trainers who have vast experience as expert professionals in their respective fields of practice. The course is taught through a mix of practical activities, presentations, group works and case studies.
Training manuals and additional reference materials are provided to the participants.
Certification
Upon successful completion of this course, participants will be issued a certificate.
Tailor-Made Course
We can also do this as a tailor-made course to meet organization-wide training needs. A training needs assessment will be done on the training participants to collect data on the existing skills, knowledge gaps, training expectations and tailor-made needs.