The British Academy for Training and Development offers a comprehensive Financial accounting and reporting training course. This training programme will teach you new tricks related to financial accounting and corporate reporting, especially since the subject has had major upheavals with the developments in financial reporting in recent years. While providing a concise refresher on the established foundation principles on which financial information is prepared and reported, a strong effort is made to emphasize the current changing conceptual framework of the International Accounting Standards Board (IASB) and its International Financial Reporting Standards (IFRS), individual attention being given to some of the more important changes in recent years and those standards issued therefrom. 

This training course will also provide much needed updates on recent developments in natural capital, stakeholder value creation, and recent company purpose. Within the developing narrative on Integrated Reporting, these issues will briefly be examined. The course would also be useful in providing practical Excel skills about building financial ratio analysis tools, cash flow forecasting, graphical financial reports for internal use by the company, 

Highlights of Financial Accounting and Reporting training:

Consider the business context of the compilation of financial statementsDevelop an understanding of the key concepts in financial accountingApply the framework, structure, and format of financial statementsAnalyse and interpret financial reportsBe aware of the recent developments and best practices in the corporate financial reporting Comparing

Objective:

After completing this course, the attendees will be able to:

Understand the role of financial reporting in managing business performancePrepare financial statements in accordance with IASB standardsCritically analyze and interpret financial statements and reportsContribute to the development of Integrated Reports for their own organisationApply practical Excel skills to improve reporting and forecastingWho Should Attend?

This course is ideal for:

Financial accounting team membersFinancial planning and budgeting professionalsStrategic planning and head office team membersCorporate communication and investor relations professionalsInvestment analysts and advisersHow will attendees benefit?

Attendees of a Financial Accounting and Reporting Training Course for Budgeting Professionals will gain several practical and strategic benefits:

Stronger Budget Planning Skills: Attendees will understand how financial statements inform and guide the preparation of the budget. As a result, more realistic data-driven budgeting can be performed, which is aligned with the financial goals of the organisation. Better Financial Capability: An understanding of income statements, balance sheets, and cash flow reports allows budgeting officers to make informed decisions regarding the allocation of resources and management of costs. Better Compliance and Reporting: The latest financial reporting standards (IFRS, GAAP, etc.) are usually part of the course content so that professionals can assure themselves that their budgets are complying with regulations. Better Communication with Finance Teams: Attendees will improve their prospects of communicating with accountants, auditors, and senior management using accurate financial terminology and interpretation. Risk Identification and Cost Control: Financial reports help identify telltale signs of overspending or poor budget allocation and allow for cost-cutting and risk management activities to be executed upon. Integrated Strategic Thinking: Budget people will learn about the contributions of financial accounting to long-term planning, performance measurement, and implementation of strategy. Developing a Career Path: This training will enhance financial literacy, which is a key skill for accessing senior positions in finance, budgeting, or operational management.

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

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

• Inventories

• Statement of Changes in Equity: purpose structure and presentation

• Income Statement: purpose structure and presentation

• Revenue recognition principles

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

• Leases

• Optimising working capital

• Cash flow forecasting techniques

• Group Accounts: Purpose Structure and Presentation

Analysis and Interpretation of Financial Reports

• Fundamentals of analysing 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

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