About the Course

This course on financial accounting and reporting aims to enhance your understanding and practical abilities in financial accounting and corporate reporting. It will offer a thorough review of the foundational principles governing the preparation and presentation of financial information, taking into account the notable advancements in financial reporting in recent years. Moreover, the training will contextualize the applicable principles on financial accounting and reporting within the evolving conceptual framework of the International Accounting Standards Board (IASB) and its International Financial Reporting Standards (IFRS).

Target Participants 

This training is aimed at enhancing the skills of corporate finance professionals, CFOs, financial controllers, finance managers, financial analysts and business development analysts.

Course Duration 

5 Days

What You Will Learn 

By the end of this course the participants will be able to understand: 

• The key concepts in financial accounting
• The business context for financial reporting
• Framework, structure, and format of financial statements
• The analysis and interpretation of financial reports
• Latest developments and best practice in corporate financial reporting

Course Outline 

The key concepts in financial accounting 

• Meaning, need and terminology of financial accounting
• Accounting cycle
• Double-entry system
• Accounting equation
• Cash and accrual system of accounting
• GAAP
• Accounting concepts and conventions

The key concepts in financial reporting 

• Evolution of regulatory framework of financial reporting, conceptual framework
• IFRS
• Users of financial information
• Theories of disclosure
• Accounting standards
• Annual report

The Statement of Financial Position and Income Statement 

• The International Accounting Standards Board (IASB) conceptual framework
• Statement of financial position: purpose structure and presentation
• Tangible and intangible assets
• Financial assets and liabilities
• Inventories
• Income statement: purpose structure and presentation
• Revenue recognition principles

The Statement of Cash Flows  

• Statement of Cash Flows: purpose structure and presentation
• Understanding business cash flow drivers
• Equity capital and debt capital
• Optimizing working capital
• Cash flow forecasting techniques

Analysis and Interpretation of Financial Reports 

• Fundamentals of analyzing financial reports
• Ratio analysis
• Liquidity ratios
• Solvency ratios
• Activity ratios
• Profitability ratios
• Cash flow statement
• Measures of return

Accountability and Ethics 

• Ethical issues in accounting
• Accounting code of conduct
• Function of auditing
• Corporate governance

Training Approach

This course is delivered by our seasoned trainers who have vast experience as expert professionals in the respective fields of practice. The course is taught through a mix of practical activities, theory, group works and case studies.

Training manuals and additional reference materials are provided to the participants.

Certification

Upon successful completion of this course, participants will be issued with a certificate.

Tailor-Made Course

We can also do this as a tailor-made course to meet organization-wide needs. Contact us to find out more info@trainingsinkigali.com

Payment

The training fee covers tuition fees, learning materials, and training venue. Accommodation and airport transfer are arranged for our participants upon request.

Payment should be sent to our bank account before start of training and proof of payment sent to info@trainingsinkigali.com