Financial Accounting and Reporting

1. Recognize important financial accounting topics and how to report them on financial statements.
2. Properly account for assets, liabilities, equity, revenues and expenses.
3. Prepare financial statements with the required notes and disclosures in periodic financial reports.
4. Recognize the need for transparency in reporting of financial statements and management reports.
5. Determine the structure, presentation and disclosure of financial statements and annual reports.
6. Report and interpret income statement and balance sheet accounts.

Professionals in the field of finance and accounting, accountants at all levels seeking to enhance practical finance and accounting knowledge, certified financial and accounting personnel. Minimum requirement: basic understanding of accounting.

Financial Statements and Business Decisions:

• Accounting and Financial Systems
• Four Key Financial Statements
• Relationship among the Financial Statements
• Management Uses of Financial Statements
• Essential Notes to the Financial Statements

Income Statement:

• Recognizing and Accounting for Revenues and Expenses
• Applying Matching Principle and Accrual Basis
• Comprehensive Income and Earning Per Share
• Signs of Cooking the Books

Balance Sheet & Statement of Owner’s Equity:

• Categories and Accounts of Assets, Liabilities and Equity
• Definitions of Accounts in the Balance Sheet
• Statement of Owners Equity
• Caution Flags

Cash Flow:

• Defining the Three Sections of Cash Flow Statement
• Direct versus Indirect Method and the Relation to BS and IS
• Interpreting Cash flow Patterns

Accounting Adjustments:

• Accruals and Unearned Revenue and Prepayments
• Accounting Estimates
• Financial Statements Relationships

Receivables:

• Measuring and Reporting
• Estimating and Accounting for Bad Debts
• Methods of Converting Accounts Receivable to Cash

Inventory:

• Nature of Inventory and Cost of Goods Sold (COGS) 
• Methods for Determining Inventory and COGS Values

Property, Plant, Equipment and Intangibles:

• Classifying, Measuring and Recording Long-Lived Assets
• Accounting for Repairs, Maintenance, and Additions
• Depreciation, Amortization and Disposal of Assets
• Accounting and Reporting for Intangibles and Natural Resources

Reporting and Interpreting Investments:

• Types of Equity and Debt Investments
• Accounting for Investments
• Fair Value and Equity Methods / Controlling Interest

Liabilities and Owners’ Equity:

• Definitions and Classification of Liability Accounts
• Types of Ownership and Stock
• Accounting for Capital and Dividends
• Accounting for Treasury Shares

• The Training lectures.
• The Group discussions.
• The Training Workshops.