Mastering Financial Reporting and Advanced Statement Analysis

Overview:

Introduction:

Financial reporting is the process of preparing and presenting financial data to provide stakeholders with a clear view of an organization’s financial performance and position. It involves adhering to regulatory standards, ensuring accuracy, and delivering transparency in financial communications. Advanced statement analysis, on the other hand, delves deeper into evaluating financial statements to uncover insights that drive strategic decision making. This training program is designed to equip participants with comprehensive knowledge on advanced accounting principles, financial statement analysis, and regulatory frameworks. It equips them with the skills to prepare detailed financial reports that meet international standards and support strategic decision-making within their organizations.

Program Objectives:

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

•  Use advanced accounting principles in complex financial transactions.

• Gain the skills to prepare consolidated financial statements in accordance with international financial reporting standards (IFRS).

•  Analyze financial statements to provide insights for strategic business decisions.

•  Utilize advanced financial reporting techniques to enhance transparency and accuracy.

•  Evaluate the impact of regulatory changes on financial reporting.

Target Audience:

•  Senior accountants.

•  Financial analysts.

•  Finance managers.

•  Auditors.

•  Financial controllers.

•  CFOs and finance executives.

Program Outlines:

Unit 1:

Advanced Accounting Principles:

•  Complex revenue recognition.  

•  Lease accounting under IFRS 16. 

•  Financial instruments: classification and measurement.  

•  Accounting for joint ventures and subsidiaries.  

•  Deferred tax and its implications on financial statements.  

Unit 2:

Consolidation and Group Financial Statements:

•  Principles of consolidation under IFRS.  

•  Treatment  methods of goodwill and impairment.  

•  Intercompany transactions and eliminations.  

•  Consolidated cash flow statements.  

•  Foreign currency translation process in group accounts.  

Unit 3:

Financial Statement Analysis:  

• Advanced ratio analysis methods for profitability, liquidity, and solvency.  

• DuPont analysis for return on equity.  

• Segment reporting and analysis principles.  

• Non GAAP financial measures and their relevance.  

• Comparative analysis process, year on year and industry benchmarking.  

Unit 4:

Regulatory and Compliance Frameworks:

•  IFRS vs GAAP, Key differences in financial reporting.  

•  Recent updates in IFRS and their impact.  

•  Sarbanes Oxley Act (SOX) compliance in financial reporting.  

•  Role of auditors in verifying financial statements.  

•  Legal implications of financial misreporting.  

Unit 5:

Strategic Use of Financial Statements: 

•  Financial statements for budgeting and forecasting.  

•  Oversight on financial statements in mergers and acquisitions (M&A).  

•  The process of credit analysis and risk assessment using financial statements.  

•  Equity valuation methods based on financial reporting.  

•  Decision making process using cash flow projections.