Why AttendWith the rapid developments in accounting standards, regulations, and industry practices, professionals need continuous training to stay current on all the changes. They also need to improve the quality of financial reporting by recording, reporting, and disclosing usual and unusual business transactions. 'Financial Accounting and Reporting' is a course prepared to help professionals understand and practice the accounting and reporting of business transactions and results, aiming to comply with IFRS and support decision-making.
Course MethodologyThe course uses interactive techniques, such as brief presentations by the consultant, the practical application of theories, and group exercises to exchange experience and apply knowledge acquired throughout the course.
Course ObjectivesBy the end of the course, participants will be able to:
- List the basic financial statements and determine the best structure and presentation practices
- Explain how to properly account for revenues and expenses, leading to the preparation of an income statement
- Classify the accounts of assets, liabilities, and equity, leading to the preparation of the balance sheet and statement of owners’ equity
- Prepare the cash flow statement
- Apply accounting adjustments required for accurate financial reporting
- Recognize reporting for major accounts and transactions
Target AudienceProfessionals in finance and accounting, accountants at all levels seeking to enhance practical finance and accounting knowledge, and certified financial and accounting personnel.
Target Competencies- Mapping trial balance accounts to financial statements accounts
- Applying accounting adjustments
- Preparing financial statements
- Practicing financial statements' notes preparation
- Realizing minimum disclosure requirements
- Applying International Financial Reporting Standards (IFRS)
