The course provides in-depth coverage of essential topics in financial accounting and reporting:

Introduction to Financial Statements and Accounting Principles
• Overview of the accounting cycle and double-entry system.
• Understanding the conceptual framework for financial reporting.
• Key accounting assumptions: accrual basis, going concern, consistency, and materiality.

Preparation and Presentation of Financial Statements
• Income statement: structure, revenue recognition, and expense classification.
• Balance sheet: asset, liability, and equity presentation.
• Cash flow statement: direct and indirect methods.
• Statement of changes in equity and notes to financial statements.

International Financial Reporting Standards (IFRS)
• Key IFRS standards relevant to financial reporting (e.g., IFRS 15, IFRS 16, IFRS 9).
• Recognition and measurement principles under IFRS.
• Transitioning from local GAAP to IFRS.

Financial Analysis and Performance Measurement
• Profitability, liquidity, solvency, and efficiency ratios.
• Horizontal and vertical analysis.
• Common-size financial statements and trend analysis.
• Identifying red flags and financial anomalies.

Internal Controls and Reporting Quality
• Elements of strong financial reporting systems.
• Internal control processes to ensure data accuracy and integrity.
• Mitigating errors, fraud, and financial misstatements.

Disclosure and Communication Requirements
• Corporate governance and financial transparency.
• Regulatory requirements for disclosures in different jurisdictions.
• Effective communication of financial results to stakeholders.

Practical Exercises and Case Studies
• Real-life examples of financial statement preparation and analysis.
• Common reporting issues and how to resolve them.
• Practice sessions with Excel and financial reporting templates.

This course combines expert instruction, practical tools, and case-based learning to ensure participants leave with actionable knowledge they can immediately apply in their roles.

Financial Accounts and Reports Training Course in London

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