Financial Accounting and Reporting

Course Overview

The sessions within the workshop enable delegates to explore and acknowledge important areas of financial accounting and coverage. As a results of this program, delegates can realize themselves a lot of economical in their coverage and accounting role. The educational program define is up so far and pertinent to marketplace needs, therefore job well to any or all analytical prediction of training desires within the mere space. a customized proposal also can be organized, to suit the training demand of your team.

Who Should Attend?

Professionals in the field of finance and accounting, accountants at all levels seeking to enhance practical finance and accounting knowledge, certified financial and accounting personnel. Minimum requirement: basic understanding of accounting.

Program Outline

• Financial Statements and Business Decisions
• Accounting and Financial Systems
• Four Key Financial Statements
• Relationship among the Financial Statements
• Management Uses of Financial Statements
• Income Statement
• Recognizing and Accounting for Revenues and Expenses
• Applying Matching Principle and Accrual Basis
• Comprehensive Income and EPS
• Signs of Cooking the Books
• Balance Sheet & Statement of Owners Equity
• Categories and Accounts of Assets, Liabilities and Equity
• Definitions of Accounts in the Balance Sheet
• Statement of Owners Equity
• Caution Flags
• Cash Flow
• Defining the Three Sections of Cash Flow Statement
• Direct versus Indirect Method and the Relation to BS and IS
• Interpreting Cash flow Patterns
• Accounting Adjustments
• Accruals and Unearned Revenue and Prepayments
• Accounting Estimates
• Financial Statements Relationships
• Receivables
• Measuring and Reporting
• Estimating and Accounting for Bad Debts
• Methods of Converting Accounts Receivable to Cash
• Inventory
• Nature of Inventory and COGS
• Methods for Determining Inventory and COGS Values
• PPE, Natural Resources and Intangibles
• Classifying, Measuring and Recording Long-Lived Assets
• Accounting for Repairs, Maintenance, and Additions
• Depreciation, Amortization and Disposal of Assets
• Accounting and Reporting for Intangibles and Natural Resources
• Reporting and Interpreting Investments
• Types of Equity and Debt Investments
• Accounting for Investments
• Fair Value and Equity Methods / Controlling Interest
• Liabilities and Owners’ Equity
• Definitions and Classification of Liability Accounts
• Types of Ownership and Stock
• Accounting for Capital and Dividends
• Accounting for Treasury Shares
• Essential Notes to the Financial Statements

Program Objectives

By the top of the program, participants are ready to:

• acknowledge necessary financial accounting topics and the way to report them on financial statements
• Properly account for assets, liabilities, equity, revenues and expenses
• Prepare financial statements with the desired notes & disclosures in periodic monetary reports
• acknowledge the requirement for transparency in news of financial statements and management reports
• verify the structure, presentation and speech act of financial statements and annual reports
• Report and interpret financial statement and record accounts