Comprehensive Look At Modern Accounting Reports

Comprehensive Look At Modern Accounting Reports

Introduction:

This course is happily introduced to you by the International Academy of Human Resource Development (IAHRD). We are glad to inform you that our courses are written by experts who have a long experience in the related field.

This interactive program will develop your understanding of the role played by financial reporting in communication between the enterprise and its stakeholders and its influence over managerial decisions. The program will consider the framework imposed by the accounting and financial standard setting process and the implications of recent and the related developments in the world that affect organisations worldwide.Remember that we will follow up with you step by step till proficiency!

Objectives:

By the end of the program, participants will be able to:

1. Clearly understand  the role of accounting standards in thee communication of financial progress.
2. Apply key accounting standards in their own businesses or workplace.
3. Appreciate transparency  and openness in financial reporting.
4. Practical understanding of the role of auditing.
5. Distinguish  between and define different financial positions and level of performance.
6. Understand various techniques in financial analysis and reporting.
7. Develops their ability to spot and improve problem areas.

Contents:

1. Module 1:

1. The role of accounting in financial reporting.
2. Business objectives and Shareholder Wealth Maximization.
3. Users of financial data.
4. Accounting terminology.
5. The framework of accounting and financial reporting.
6. Important accounting concepts.
7. Accounting standards (FRS, IAS, And IFRS).
8. The nature , purpose and usage of financial statements.

1. Keys of financial statements.

Module 2:

1. Balance sheet structure.

1. Defining essential terms :Shareholders’ Equity; Liabilities; Assets.
2. Current assets vs. fixed assets.
3. Current liabilities vs. non-current liabilities.
4. Working capital.
5. How to prepare a balance sheet?
6. What does the balance sheet tell us about the organization?
7. Limitations of the conventional balance sheet.

Module 3:

1. Working capital and its capital Requirement.
2. Accounts receivable.
3. Accounts payable.

Module 4:

1. What is profit?
2. The structure and components of the income statement (profit and loss account).
3. Categories of income and expenditure in the income statement.
4. Income statement preparation.
5. Valuation of assets in the income statement and balance sheet.
6. Connections  between the income statement, balance sheet and cash flow.

Module 5:

1. Cost/Volume/Profit (CVP) relationships.
2. Break-Even analysis.
3. The impact of cost structure, volume and sales changes.
4. Limitations of CVP analysis.

Module 6:

1. Components of the cash flow statement.
2. Why is cash flow so important?
3. The structure of the cash flow statement.
4. Sources of cash.
5. Uses of cash.
6. Building cash flow statement.
7. The links between the cash flow statement, profit and loss account and balance sheet.

Module 7:

1. The Reasons For Organization Valuation.
2. Types Of Valuation Methods.
3. Net Assets Valuation.
4. Capitalized Earnings Valuation.
5. P/E Ratio Valuation.
6. Gordon Growth Model Valuation.
7. DCF Valuation.

Module 8:

1. Transparency in publication of financial statements.
2. The annual report and accounts.
3. Tools and techniques of financial reporting: ratios; trends; common size analysis.
4. The use of financial ratios.
5. Choose  Cash Or Profit?
6. Common size (or horizontal) trend analysis of financial statements.
7. Vertical trend analysis of financial statements.
8. Segmental analysis of financial statements.
9. Value added analysis.
10. Financial distress.
11. Altman's Z-Score analysis and its usages.

1. Integrated financial accounting reporting case studies.

Who should attend?

1. Professionals and CFOs responsible for financial reporting.
2. Accountants.
3.  Project Professionals.
4. Budget Analysts.
5. Vice Presidents Of Finance.
6. Controllers And Treasurers.

1. Anyone interested in financial reporting .