Best Practice in Financial Accounting, Reporting and Business Support for Accountants
Details
- 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
Outline
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: Cash flow Statement and Group Accounts
- Business Cash flow Drivers
- Equity Capital, Debt Capital and Working Capital
- Cash flow Statement: Structure and Format
- Key IAS and IFRS Relevant to the Cash flow Statement
- Cash flow 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
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.
Speaker/s
Special Offer
Schedules
Tue, Wed, Thu, Fri | 10:00 AM — 04:00 PM |
No. of Days: | 4 |
Alpha Partners is a reputable firm of Training and Management Consultants with many years of corporate training experience in Finance, Accounting, Auditing, Banking, Management, Information Technology, Oil and Gas Sector, Security, Engineering, Public Relations, Secretarial Studies, Leadership, Marketing and other fields of human endeavour.
We are one of the leading players in the profession. Our firm, a multi-disciplinary one with highly talented, experienced and dedicated partners and staff who have experiences in different facets of working life was established in 1996 and has branches in Lagos, Enugu and Awka.
We offer a wide range of professional services, which covers audits, accounting, finance, taxation, ICT, security, engineering, insurance, human resources management, secretarial and consultancy services in all ramifications.
Our numerous clients attest to the high quality services we offer which contribute in no small measure in ensuring sound and efficient management of their resources.