Financial Accounting and Reporting
Course Info
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Course Details
Introduction
Objective
Who should attend
Course Location
Financial Accounting and Reporting training course will refresh and update both your knowledge and practical skills in financial accounting and corporate reporting following significant development in financial reporting in recent years. As well as providing a comprehensive refresher in the established foundation principles on which financial information is prepared and reported,
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), focusing on the most significant changes in recent years and the new reporting standards issued as a result.
You will also have a clear understanding of how accountants act as processors and purveyors of information for decision making, of the needs of those who use accounting information, and of the role performed by accountants.
You will learn how to prepare a balance sheet, income statement, and cash flow statement, analyze financial statements and calculate and interpret critical ratios. You will also learn the role of managerial judgment in choosing accounting estimates and methods.
Course Outline
Financial Accounting and Reporting – Business Context and Key Principles
- Purpose of financial accounting and reporting
- Key principles in corporate governance
- Building a winning business model
- Key concepts in financial accounting
- Structure of financial accounting systems
- Fundamentals of financial reporting
- Creative accounting, scandals, and fraud
