Preparing Financial Statements and Annual Reports

Methodology

This course covers theoretical core topics in addition to introducing Excel for the preparation of financial statements. It also features the study of real life cases and presentations by participants.

Course Objectives

By the end of the course, participants will be able to:

Explain each part of the accounting cycle

Design effective chart of accounts

Perform accounting adjustments including deferrals and accruals

Create trial balance and adjusted trial balance

Describe and map charts of accounts to the financial statements

Prepare and present income statements, balance sheets, and cash flow statements

Formulate notes to the financial statements

Target Audience

Senior and junior accountants, accounting and finance professionals, chief accountants, accounting managers and supervisors, financial controllers and any accounting and finance professionals interested in learning and updating their knowledge regarding the preparation of financial statements and notes.

Target Competencies

Understanding the accounting cycle

Designing chart of accounts

Performing accounting adjusting entries

Preparing and analyzing income statements

Preparing and analyzing balance sheets

Preparing and analyzing cash flow

Reviewing and understanding financial statements notes

Utilizing Excel functions