Financial Accounting, Reporting and Analysis

• How financial information is prepared and presented.
• Why accounting is done in this way.
• What the resulting information actually means for users.

CONTENT

Introduction

• Financial reporting
• The difference between profit and cash flow
• Qualitative characteristics
• Financial accounting
• Limited companies’ financial statements
• Accruals principle
• Prudence
• Pulling everything together

Financial Reporting in Context

• The financial reporting system
• Corporate governance, sustainability and ethics
• Published financial statements of companies
• Techniques for the interpretation of financial statements

Statement of Profit or Loss Reporting Issues

• Reporting performance
• Revenue from contracts with customers
• Earnings per share
• Taxation

Statement of Financial Position Reporting Issues

• Property, plant and equipment, and impairment
• Intangible assets
• Inventories
• Liabilities
• Financial instruments
• Leases
• Employee benefits and share-based payments

Consolidated Financial Statements

• Subsidiaries
• Associates, joint arrangements and statements of cash flow

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.