Financial Accounting and Reporting
Financial Accounting and Reporting www.lpcentre.com www.lpcentre.com
Accounting, Finance & Budgeting
INTRODUCTION
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.
OBJECTIVES
By the end of the Financial Accounting and Reporting Course, participants will be able to:
Understand the role of financial reporting in managing business performance
Properly account for assets, liabilities, equity, revenues and expenses.
Prepare financial statements with the required notes and disclosures in periodic financial reports.
Recognize the need for transparency in reporting of financial statements and management reports.
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 to improve reporting and forecasting
Financial Accounting and Reporting www.lpcentre.com
WHO SHOULD ATTEND ?
This Financial Accounting and Reporting Course is ideal for: Accounting and financial specialists. Those who wish to understand how to interpret the financial statements of business entities, those who wish to learn the mechanics of preparing financial statements under IFRS.
Individuals charged with the responsibility of providing financial information about a reporting entity that is useful to users in making decisions.
Financial accounting team members
Financial planning and budgeting professionals
Strategic planning and head office team members
Corporate communication and investor relations professionals
Investment analysts and advisers
COURSE OUTLINE
Day 1
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
Day 2
The Statement of Financial Position and Income Statement
The IASB Conceptual Framework
Statement of Financial Position: purpose structure and presentation
Tangible and intangible assets
Financial assets and liabilities
Inventories
Financial Accounting and Reporting
www.lpcentre.com
Statement of Changes in Equity: purpose structure and presentation
Income Statement: purpose structure and presentation
Revenue recognition principles
Day 3
The Statement of Cash Flows and Group Reporting
Statement of Cash Flows: purpose structure and presentation
Understanding business cash flow drivers
Equity capital and debt capital
Leases
Optimising working capital
Cash flow forecasting techniques
Group Accounts: purpose structure and presentation
Day 4
Analysis and Interpretation of Financial Reports
Fundamentals of analysing financial reports
The shareholder value concept
Measuring and managing profitability
Measuring and managing liquidity
The effect of gearing on risk and shareholder value
Predicting corporate distress and failure
Forecasting financial performance and financial position
Day 5
Designing and Presenting Effective Financial Reports
The limitations of financial reports
Designing effective internal business reports
www.lpcentre.com
Financial Accounting and Reporting
Incorporating Excel graphics in internal reports
Developing and using business dashboards
Making effective financial presentations
Developments in Integrated Reporting (IR)
Integrated Reports: purpose, structure, and presentation
IN-HOUSE TRAINING
LPC Training is capable of conducting this training programme exclusively for your delegates. Please e-mail us on admin@lpcentre.com for further information and/or to receive a comprehensive proposal.
www.lpcentre.com
Financial Accounting and Reporting
DOCUMENTATION
High-Quality material has been prepared by the LPC team for distribution to delegates. In addition, a special note pad to facilitate note-taking will be provided.
CERTIFICATES
Accredited Certificate of completion will be issued to those who attend & successfully complete the programme.
SCHEDULE
Our Course timings commence at 09:00 and conclude at 13:00.
REGISTRATION & PAYMENT
Please complete the registration form on the course page & return it to us indicating your preferred mode of payment. For Further Information, please get in touch with us.
CANCELLATION AND REFUND POLICY
Delegates have 14 days from the date of booking to cancel and receive a full refund or transfer to another date free of charge. If less than 14 days notice is given then we will be unable to refund or cancel the booking unless on medical grounds. For more details about the Cancellation and Refund policy, please visit www.lpcentre.com/terms-and-conditions/
TRAVEL AND TRANSPORT
We are committed to picking up and dropping off the participants from the airport to the hotel and back.
CONTACT
LONDON
Oxford Street Offices:
London - Oxford Street 25 N Row, London W1K 6DJ
+44 (0) 20 36 916 970
West London Office: 47 49 Park Royal Road London NW10 7LQ
+44 (0) 20 80 900 464
info@lpcentre.com
DUBAI Business Bay - Marasi Drive Churchill Tower commercial 1, Office 107 +971 4 421 4616
KUALA LUMPUR
No. 03-06-05, UOA Business Park, Jalan Pengaturcara U1/51A, Section U1, Kawasan Perindustrian Temasaya, 40150 Shah Alam, Selangor +60 19-305 5694
www.lpcentre.com
www.lpcentre.com
INFO
Financial Accounting and Reporting