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Why Choose this Training Course?
This leading edge GLOMACS 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.
This training course will also provide a vital update on more recent developments; the focus on stakeholder value creation and recent thinking on company purpose will be explored in the context of the evolving development of Integrated Reporting. The training course will also provide you with useful practical Excel skills in building financial ratio analysis tools, cash flow forecasting and designing graphical financial reports for internal company use.
This training course on Financial Accounting and Reporting will highlight:
The business context for financial reporting
The key concepts in financial accounting
Framework, structure, and format of financial statements
The analysis and interpretation of financial reports
Latest developments and best practice in corporate financial reporting
What are the Goals?
This PetroKnowledge training course has been designed to provide you with up to date knowledge and practical skills in the preparation, presentation and interpretation of financial statements and corporate reports.
By the end of this training course you will have learned to:
Understand the role of financial reporting in managing business performance
Prepare financial statements in accordance with IASB standards
Critically analyze and interpret financial statements and reports
Assist in developing Integrated Reports for your own organization
Apply practical Excel skills to improve reporting and forecasting
Who is this Training Course for?
This training course would be relevant to all of those involved in the preparation, presentation, and interpretation of corporate financial reports from both the private and public sector; both in commercial businesses, government and not-for-profit organizations.
This Financial Accounting & Reporting trainingcourse is suitable to a wide range of professionals but will greatly benefit:
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
How will this Training Course be Presented?
This training course will be structured as a highly participative workshop with formal presentations, case studies and interactive worked examples. Relevant examples and case studies are provided to illustrate the application of each of the topics covered and opportunities are provided to learn and apply the key financial accounting and reporting principles using practical examples and exercises.
The organization will benefit from the development and practical application of advanced skills in financial accounting and reporting as well as from raised awareness of important recent developments in the measurement and reporting of stakeholder value creation using Integrated Reporting techniques; specific benefits for the organization will include:
Up to date knowledge of the requirements under the IASB framework
Development of skills in critical analysis and interpretation of financial reports
Raised awareness of measuring and reporting stakeholder value
Readiness to participate in development of Integrated Reporting
Advanced practical skills in financial forecasting and internal reporting
Participants will benefit from updated knowledge and practical skills in financial accounting and reporting that will allow them to make a greater contribution to the development and improvement of corporate reporting whilst at the same time enhancing their own career development potential.
Specific benefits from this Financial Accounting & Reporting training course will include:
Updated knowledge of recent IFRS changes
Development of advanced skills in financial analysis and interpretation
Raised awareness of the concept of stakeholder and shareholder value
Readiness to participate in development of Integrated Reporting
Building Excel skills in forecasting, analysis, and graphical reporting
Practical tips on improving financial presentation skills
Day One: 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 two: 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
Statement of Changes in Equity: purpose structure and presentation
Income Statement: purpose structure and presentation
Revenue recognition principles
Day Three: 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
Optimizing working capital
Cash flow forecasting techniques
Group Accounts: purpose structure and presentation
Day Four: Analysis and Interpretation of Financial Reports
Fundamentals of analyzing 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 Five: Designing and Presenting Effective Financial Reports
The limitations of financial reports
Designing effective internal business reports
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
On successful completion of this training course, a PetroKnowledge Certificate will be
awarded to the delegates
In Association With
Our collaboration with GLOMACS aims to provide the best training services and benefits for our valued clients