Financial Accounting & Reporting

Course Introduction

Reading and understanding a company's annual reports may appear, for non-financial professionals, overwhelming, overpowering, and complicated tasks. Nowadays, it is fundamental for professionals and business managers to understand, interpret, and utilise financial information and reports and acquire the knowledge and skills to apply financial techniques to financial data to inform logical and worthwhile decision-making

This 5 – day intensive training course is designed to provide non-financial managers and others with the accounting knowledge and confidence required to comprehend and participate in financial accounting decision-making and analysis. It will help to have better communication with financial experts. This training course will guide the delegates through all the steps underway in the accounting process. Likewise, it will provide the delegates with functional, practical Excel skills in building financial ratio analysis tools, cash flow forecasting and designing graphical financial reports for internal company use.

This training course will highlight the following:

• Financial Accounting: Definitions, Regulators, and Principles
• Chart and Nature of Accounts
• Transactions Reporting and Bookkeeping
• Accounting Cycle
• Components of Annual Report

Objectives

The participants will be able to:

• Identify the roles and users of financial accounting
• Understand the different steps of the accounting cycle 
• Analyse and report various business transactions
• Demonstrate a range of reporting tools and techniques available to prepare the annual reports
• Explain the purpose of the key financial statements

Training Methodology

This training course will utilise various proven learning techniques to ensure maximum understanding, comprehension and retention of the information presented, includes the following:

• A presentation in a highly interactive manner
• Individual and group activities, interspersed throughout the sessions, along with appropriate case studies
• Video documentaries that will highlight the significant teaching features

Professional Impact

This is a highly interactive training course designed to provide a solid background for professionals who want to understand how financial statements are constructed and to read and analyse them effectively.  

The participants will:

• Develop Financial Accounting vocabulary
• Understand the complexity of Preparing Financial Accounting statements  
• Increase your knowledge of Accounting Analysis
• Make more sound decisions based on your company's financial statements
• Demonstrate an understanding of incumbent Financial and Reporting rules and regulations

Target Audience

This is suitable for anyone who wants to learn about financial statements is effectively constructed. Whether the delegates come from Business, Legal or Technical backgrounds, this course is bespoke to benefit professionals from different sectors and industries such as but not limited to:

• Engineers
• Production Managers
• IT Managers
• Sales professionals
• Marketing Managers
• Legal Managers
• HR Managers
• Project Managers
• Banking Professionals
• Public and Semi-Public sectors' professionals
• Entrepreneurs and Business Owners
• Consultants

Daily Topics

DAY ONE: DEALING WITH THE FUNDAMENTALS OF ACCOUNTING

• Use Introduction to Accounting: Definitions, Types, and Origin
• Financial Accounting Users or Stakeholders
• Accounting Authorities: SEC, FASB, & IASB
• Accounting Principles and Conventions

DAY TWO: PRESENTING ACCOUNTS: TYPES, NATURE, AND NATURE OF ACCOUNTS

• Understanding Asset Accounts
• A Look at Liabilities Accounts
• All about Equity Account
• Revenues, Costs, and Expenses
• How the Accounts Connect

DAY THREE: ANALYSIS OF BUSINESS TRANSACTION AND REPORTING

• Business Identity and Debit vs Credit Accounts
• Understanding the chart of accounts
• The General Ledger
• Setting up your accounts
• Analysing Business Transaction

DAY FOUR: CLOSING PROCESS

• Understand the role of the closing process
• Finalising your Journal
• Preparing your Trial Balance
• Steps and tricks to spot errors and balance your trial balance
• The Accounting Cycle and the chronology of organising your accounting statement

DAY FIVE: ANALYSING FINANCIAL STATEMENTS

• Identify the components of your annual report
• Presenting and Analysing of Income Statement
• Presenting and Analysing of Statement of Change in Owners' Equity
• Presenting and Analysing of Balance Sheet
• Presenting and Analysing of Cash Flow Statement

For registration & more information please contact

NAYEL Training Centre 

T: +971 4 379 7245 | M: +971 50 249 6876 WhatsApp +971 50 249 6876

Email [email protected]