The British Academy for Training and Development offers a professional training course in Modern Methods of Financial Accounts and Reports. This interactive program will deepen your understanding of the role financial reporting plays in communication between a company and its stakeholders and its impact on management decisions. This program takes into account the framework imposed by the process of setting accounting and financial standards and the impact of recent and related developments in the world affecting organizations worldwide. The focus on creating value for stakeholders and recent thinking about corporate purpose are examined in the context of the evolving development of integrated reporting. This training course also provides practical Excel skills to create tools that help you analyse financial ratios, forecast cash flows, and design graphical financial reports for internal use. This course is provided by a team of internationally experienced financial group.

Who should attend? 

• Anyone with an interest in financial reporting.
• Professionals and CFOs responsible for financial reporting.
• Accountants.
• Project professionals.
• Budget analysts.
• Vice presidents of finance, controllers and treasurers.

How attendees will benefit? 

After completion of the course, delegates will understand: 

• Understand the role of financial reporting in driving business performance.
• Prepare financial statements in accordance with IASB standards.
• Analyse and critically interpret financial statements and reports.
• Assist in creating consolidated reports for your organization.
• Apply practical Excel skills to improve your reports and forecasts.

Financial Accounting and Reporting - Business Context and Key Principles:

• Purpose of Financial Accounting and Reporting.
• Basic Principles of Corporate Governance
• Building a Successful Business Model.
• Key Terms in Financial Accounting.
• Construction of Financial Accounting System.
• Fundamentals of Financial Reporting
• Creative Accounting, Scandals and Fraud.

Balance Sheet and Income Statement:

• The IASB's Conceptual Framework.
• Indication of financial position: Purpose Structure and Presentation.
• Property, plant and equipment and intangible assets.
• Financial assets and liabilities.
• Inventories.
• Statement of changes in equity: Purpose Structure and Presentation.
• Profit and loss statement: Purpose Structure and Presentation.
• Revenue recognition principles.

Statement of Cash flow and group report:

• Cash flow statement: Purpose Structure and Presentation
• Understanding a Company's Cash flow Drivers.
• Equity and Debt.
• Leases.
• Optimizing Working Capital.
• Cash Flow Forecasting Techniques.
• Group account: Purpose Structure and Presentation.

Analysis and Interpretation of Financial Reports:

• Fundamentals of Financial Reporting Analysis.
• The Concept of Shareholder Value.
• Profitability Measurement and Management.
• Liquidity Measurement and Management.
• Impact of Gearing on Risk and Shareholder Value.
• Anticipate Corporate Crises and Failures.
• Earnings Forecast and Financial Position.

Designing and Presenting Effective Financial Reports:

• Limitations of Financial Reports.
• Design Effective Internal Business Reports.
• Integrate Excel Graphics in Internal Reports.
• Developing and Using Business Dashboards.
• Create Effective Financial Presentations.
• Developments in Integrated Reporting (IR).
• Integrated Reports: Purpose, Structure and Presentation.