Financial Reporting & Budgeting
This training course will also provide a vital update on more recent developments; the focus on stakeholder value creation and recent thinking on company purpose will be explored in the context of the evolving development of Integrated Reporting. The training course will also provide you with useful practical Excel skills in building financial ratio analysis tools, cash flow forecasting and designing graphical financial reports for internal company use.
This training course on Financial Accounting, Reporting and Budgeting will highlight the business context for financial reporting, the key concepts in financial accounting, Framework, structure, and format of financial statements, the analysis and interpretation of financial reports and the latest developments and best practice in corporate financial reporting
· Understand the role of financial reporting in managing business performance
· Prepare financial statements in accordance with IASB standards
· Critically analyse and interpret financial statements and reports
· Assist in developing Integrated Reports for your own organisation
Apply practical Excel skills to improve reporting and forecasting
FINANCIAL ACCOUNTING AND REPORTING – BUSINESS CONTEXT AND KEY PRINCIPLES
· Purpose of financial accounting, reporting and budgeting
· Key principles in corporate governance
· Building a winning business model
· Key concepts in financial accounting
· Structure of financial accounting systems
· Fundamentals of financial reporting and budgeting
· 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
· Optimizing 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
· Budget 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
Financial accounting team members, Financial planning and budgeting professionals, Strategic planning and head office team members, Corporate communication and investor relations professionals,
Investment analysts and advisors.