Preparation and Interpretation of Financial Statements

INTRODUCTION

Financial statements are vital tools for assessing the health and performance of an organization. This course teaches participants how to prepare, read, and interpret key financial documents. It ensures accuracy in reporting and equips professionals to make informed financial decisions.

HOW YOU BENEFIT

  • Understand accounting standards and reporting frameworks
  • Learn to prepare balance sheets, income statements, and cash flows
  • Interpret financial ratios and performance indicators
  • Strengthen financial decision-making skills
  • Improve communication with stakeholders and auditors

WHO SHOULD ATTEND

  • Finance and accounting officers
  • Budget officers and analysts
  • Department heads
  • Non-financial managers needing financial literacy

DURATION

10 Days

COURSE MODULES

  1. Introduction to Financial Reporting
    • Importance of financial statements
    • Users and regulatory requirements
  2. Accounting Principles and Frameworks
    • GAAP and IFRS basics
    • Accrual vs. cash accounting
  3. Preparation of the Balance Sheet
    • Assets, liabilities, and equity classification
    • Adjustments and disclosures
  4. Preparation of the Income Statement
    • Revenue, cost of sales, and profit reporting
    • Depreciation, tax, and adjustments
  5. Cash Flow Statement Preparation
    • Direct and indirect methods
    • Operating, investing, and financing flows
  6. Notes and Disclosures to Financial Statements
    • Supplementary information and compliance
    • Footnotes and contingencies
  7. Financial Statement Analysis: Ratio Interpretation
    • Profitability, liquidity, solvency, efficiency
    • Benchmarking
  8. Trend and Comparative Analysis
    • Horizontal and vertical analysis
    • Interpreting performance over time
  9. Internal Controls and Error Prevention
    • Reconciliations and oversight
    • Common misstatements and how to catch them
  • Ethical and Legal Issues in Financial Reporting
  • Fraud detection and transparency
  • Role of auditors and stakeholders