his course will give the participants a sound understanding of financial reports, measures and techniques to make them even more effective in their roles. It will enable participants to:

• Overcome the barrier of the accountants’ strange language
• Deal confidently with financial colleagues
• Improve their understanding of your organisation’s finance function
• Radically improve their planning and budgeting skills
• Be much more aware of the impact of their decisions on the profitability of your organisation
• Enhance their role in the organisation
• Boost their confidence and career development

This course is designed for people who require a greater working knowledge of the accounting process and financial statements.

Introducing Accounting and the FinancialStatements

• Definition of Accounting
• Users of Accounting Information
• Basic Financial Statements
• The Corporation Defined
• Presentation of Accounting Information by Different Business Entities

International Financial Reporting Standards (IFRS)

• The International Accounting Standards Board (IASB)
• Introduction to International Financial Reporting Standards (IFRS)
• Main Differences between International Financial Reporting Standards (IFRS) and US Generally Accepted Accounting Principles (GAAP)

Double-Entry Accounting

• The Accounting Equation
• Traditional Double-Entry Bookkeeping
• Your Asset is his Liability
• The Chart of Accounts
• The General Journal
• The General Ledger
• Trial Balance
• Modern Bookkeeping: Automating Transactions

Net Equity

• What is Capital Stock?
• Dividends are not an Expense!
• Cash Dividends, Stock Dividends and Stock Split
• Definition of Treasury Stock
• Retained Earnings: Not the Same as Cash

The Balance Sheet and its Components

• Defining the Balance Sheet
• Assets
• Liabilities
• Equity
• Current versus Non-Current Assets and Liabilities
• The Balance Sheet Illustrated

Income Statements

• Defining the Income Statement
• Defining Revenue and its Recognition
• Defining Expenditures and their Classifications
• Calculating Profit
• Gross Profit
• Operating Profit
• Net Profit
• The Income Statement Illustrated

Cash Flow Statement

• Defining the Statement of Cash Flows
• Cash and Cash Equivalents
• Classification of Cash Flows
  • Operating Activities
  • Investing Activities​
  • Financing Activities
• The Cash Flow Statement Illustrated

Adjustments to Financial Statements

• The Accrual Concepts
• Accruals and Prepayments
• Depreciation
• Bad Debts
• Provisions for Contingencies

• Presentation & Slides
• Audio Visual Aids
• Interactive Discussion
• Participatory Exercise
• Action Learning
• Class Activities
• Case Studies
• Workshops
• Simulation