Financial Reporting

SUITABLE FOR:

General Managers, Finance Directors, Financial Controllers, Treasury Managers, Treasurers, Finance Managers, Accounts Managers, Treasury Analysts, Financial and Management Accountants, Auditors, Financial Analysts, Accounts Supervisors and Accounts Superintendents.

OBJECTIVES:

By the end of the course, delegates will:

• Have a greater awareness of International Accounting Standards (IASs) and the latest developments in this area.
• Be aware of the different sources of funding available to companies and the implications of each.
• Have greater understanding of financial statements and how to interpret these.
• Be able to appraise capital expenditure using a variety of tools and techniques.
• Be aware of the latest developments in financial reporting.

SUMMARY:

A key measure of company success is its level of profitability in relation to capital employed. Finance and Accounting is at the core of all business operations. Key staff needs to understand the financial principles upon which their commercial operation is based. This course aims to give all delegates an understanding of business finance & accounting.

The topics covered include:

Day One

• Introduction to Financial Reporting
• The international standard setting process
• The International Accounts Standards Committee (IASC)
• International Accounting Standards
• Main content of IASs and how they differ from national standards
• Latest developments in IASs and their use world-wide
• GAAP Accounting

Day Two

• Sources of Funding
• Share capital
• Loan capital
• Retained profits
• Use of Funds
• Fixed assets
• Products services: Working capital
• Working capital: credit
• Working capital cycle
• Control of working capital
• Exercise

Day Three

• What information will I find in the Accounts?
• The profit and loss account
• The balance sheet
• The cash flow statement
• The statement of total recognised gains and losses
• The note of historical cost profits and losses
• Other Accounts information
• Exercise
• Interpretation of Financial statements
• Earnings per share and limitations of using earnings per share as a measure of a company's performance
• Ratio Analysis - the use, implications and limitations of financial ratios
• Performance, profitability and activity

Day Four

• Interpretation of Financial statements (continued)
• Gearing
• Stock market ratios
• 'Not for Profit' Organisations
• Trend Analysis
• Interpretation of cash flow data
• Cash flow forecast
• Case Studies

Day Five

• Capital Expenditure Appraisal
• Accounting Rate of Return
• Payback Period
• DCF Techniques
• Net Present Value
• Sensitivity Analysis
• Developments in Financial Reporting