Preparation and Review of Financial Statements and Analysis of Financial Health

Accounting, Finance & Budgeting

Introduction

This comprehensive program is designed to help participants understand the intricacies of preparing and reviewing financial statements, and the analysis of financial health, with a specific focus on strategic financial management, operational efficiency, and sustainable practices. Through a blend of theory, practical examples, and future trends, we aim to equip you with the skills and knowledge necessary to excel in this field.

Objectives

Upon completion of this course, attendees should be able to: www.lpcentre.com

Understand the fundamental principles of financial statement preparation, review, and financial health analysis, and their roles in business success. Develop effective financial strategies, manage assets, and mitigate risks. Apply principles and technology to enhance operational efficiency.

Implement ethical and sustainable practices in financial management and understand the relevant laws and regulations. Understand the impact of globalization and emerging technologies on financial management and prepare for future trends.

WHO SHOULD ATTEND ?

This course is ideal for:

Finance and accounting professionals who wish to deepen their understanding and enhance their skills. Business managers and executives interested in improving their organization's financial and accounting strategies. Students studying business, accounting, or related fields who wish to gain practical knowledge.

Individuals considering a career change into finance and accounting. Small business owners who wish to effectively manage their finances and accounting.

Course Outline

Day 1

Introduction to Preparation and Review of Financial Statements and Analysis of Financial Health

Overview of Financial Statement Preparation and Review, and Financial Health Analysis: Definitions, differences, and interconnections. Importance of financial management in business.

Understanding the Accounting Cycle: From identifying needs to final payment.

Introduction to Financial Health Analysis: From initial assessment to providing final recommendations.

Day 2 Strategic Financial Analysis

Developing a financial analysis strategy: Aligning financial analysis with organizational objectives.

Asset selection and management: Criteria, negotiation, and relationship management.

Risk Management in Financial Analysis: Identifying, assessing, and mitigating risks.

Category management: Effective strategies for category management.

Day 3

Operational Efficiency in Financial Analysis

Understanding and implementing principles of financial analysis. The role of technology in enhancing operational efficiency: ERP systems, AI, and IoT. Inventory management: Techniques for effective inventory control.

Quality Management in Financial Analysis: Ensuring product quality and customer satisfaction.

Day 4

Ethical and Sustainable Financial Management

Understanding ethics in financial management: Fair trade, labor rights, and anti-corruption. The role of financial management in sustainability: Green financial management strategies. Implementing ethical and sustainable financial management practices: Challenges and solutions. Regulatory compliance in financial management: Understanding applicable laws and regulations.

Day 5

Future Trends in Financial Statement Preparation, Review, and Financial Health Analysis

Impact of globalization on financial management.

Exploring the potential of emerging technologies: Blockchain, AI, and automation. The future of financial management: Predictions and preparations.

Skills for the future: Essential skills for finance and accounting professionals in the digital age.