Final Accounts and Financial Reporting Systems

This course provides an understanding of final accounts and the essential financial reporting systems that businesses use to communicate their financial performance and position. Participants will explore the principles and practices involved in preparing, analysing, and interpreting financial statements, including the income statement, balance sheet, and cash flow statement. Emphasis will be placed on understanding regulatory requirements, ethical considerations, and the role of technology in financial reporting.

By the end of course, participants will be able to

• Recognize financial accounting terms 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

Content

• Accounting and Financial Systems
• Relationship among the Financial Statements
• Transparency in Financial Reporting
• Segment Reporting and Analysis
• Measuring and Recording Fixed Assets
• Reporting and Accounting for Intangibles
• Accounting for Capital Stock
• Inventory Costing Method
• Accounting for Investments
• Fair value and Equity methods
• The Evolving Role of Financial Accountants

For Whom:

Accountants, Treasurers, Investment Managers, Cash Managers, Auditors and others who perform related functions in Public and Private Sectors.

Training Methodology

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.