The British Academy for Training and Development offers a course in Financial Reporting and Budgeting. This training course provides important updates on the latest developments in this context, as well as practical Excel skills for creating tools to analyze financial ratios, forecast cash flows, and design graphical financial reports for internal use. This course covers the fundamental concepts of financial accounting, financial reporting frameworks, financial report analysis and interpretation, and the latest developments and best practices in this area.

Who should attend? 

• Financial accounting team members.
• Specialists in financial planning and budgeting.
• Strategic planning experts.
• Corporate communications and investor relations professionals.
• Analysts and investment consultants.

How attendees will benefit? 

After completion of the course, delegates will master the following: 

• Understand the role of financial reports in driving business performance.
• Prepare financial statements in accordance with the International Financial Reporting Standards (IFRS).
• Analyze and critically interpret financial data and reports.
• Assist in creating consolidated reports for the organization.
• Apply practical Excel skills to enhance reports and forecasts.

• Basic Concepts of Financial Reporting

  • Definition and importance of financial reporting in evaluating company performance.
  • The difference between internal (managerial) and external (audit) financial reports.
  • The role of financial reports in supporting financial and strategic decision-making.

• Basic Accounting Concepts

  • Basic accounting principles (GAAP / IFRS).
  • The relationship between the balance sheet, income statement, and cash flow statement.
  • Understanding financial statements and linking them with business strategy.

• Types of Financial Reports

  • Monthly and annual reports, and financial forecasting tools.
  • Reports focused on cost and profit analysis.
  • The importance of reports in monitoring company-wide financial performance.

• Balance Sheet Concepts

  • Definition of assets, liabilities, and equity.
  • Classification of assets (current vs. non-current) and liabilities (short-term vs. long-term).
  • The relationship between assets, liabilities, and equity in determining a company's net worth.

• Basics of Preparing the Balance Sheet

  • How to properly classify assets and liabilities and determine their value.
  • The importance of determining equity and its relation to retained earnings.
  • How to balance assets, liabilities, and equity.

• Challenges in Preparing the Balance Sheet

  • How to handle aging or unverified assets.
  • Analyzing common mistakes in classifying assets and liabilities.
  • The importance of data accuracy to ensure valid results.

• Components of the Income Statement

  • Revenues: How to calculate and record operating and non-operating revenues.
  • Costs: Calculating sales costs, fixed, and variable costs.
  • Profitability: How to calculate gross profit, operating profit, and net profit.

• Financial Analysis through the Income Statement

  • Understanding the impact of costs on profits and expenses.
  • How to calculate gross margin and net profit margin.
  • The role of the income statement in estimating the ability to achieve profitability goals.

• Using the Income Statement for Decision-Making

  • How to analyze profitability to guide business decisions.
  • Determining operational efficiency based on the income statement results.
  • Using results to identify marketing strategies or cost improvements.

• Cash Flow Statement Concept

  • The difference between cash flows and accounting profits.
  • Classification of cash flows: Operating, investing, and financing activities.
  • The importance of cash flows in determining an organization's ability to meet debts and finance activities.

• Preparing the Cash Flow Statement

  • Identifying sources of cash flow: Revenue, financing, and sales.
  • Using the direct and indirect methods for preparing the statement.
  • How to determine cash flow uses: Operating and investing expenses.

• Importance of Cash Flow in Business Continuity

  • Using cash flow to assess financial liquidity.
  • The role of cash flow in improving growth and expansion strategies.
  • How the cash flow statement can help prevent financial crises.

• Budgeting Concept

  • Definition of a budget and its importance in financial planning.
  • Types of budgets: Fixed, flexible, and periodic.
  • The role of budgeting in forecasting expected expenses and revenues.

• Preparing the Budget

  • How to collect financial data and analyze past trends.
  • Identifying factors influencing budget creation such as inflation, expansion, and economic changes.
  • How to determine revenue and expense goals and allocate the budget across departments.

• Financial Performance Analysis using the Budget

  • Comparing actual performance with estimated figures to identify variances.
  • How to interpret financial variances: Increased costs or decreased revenues.
  • Using analysis results to improve future performance and make strategic decisions.