Description
OBJECTIVES:
By the end of the workshop delegates will be able to:
- Properly account for assets, liabilities, equity, revenues and expenses.
- Prepare financial statements with the required notes and disclosures in periodic financial reports.
- Recognize the need for transparency in reporting of financial statements and management reports.
- Determine the structure, presentation and disclosure of financial statements and annual reports.
- Interpret and report income statement and balance sheet accounts.
- Have greater awareness of International Accounting Standards (IASs) and the latest developments in this area
- Have greater understanding of financial statements and how to interpret these
- Be able to appraise capital expenditure using a variety of tools and techniques
PROGRAMME DETAILS
Day One
- Financial statements & Business Decisions
- Accounting and Financial Systems
- Earnings per share and limitations of using earnings per share as a measure of a company’s performance
- Ratio Analysis – the use, implications and limitations of financial ratios
- Gearing
- Stock market ratios
Day Two
- Introduction to Financial Reporting
- The international standard setting process
- The Evolving Role of Financial Accountants
- Transparency in Financial Reporting
- The Concept of Quality of Earnings
- Corporate Annual Reports
- International Accounting Standards (IAS)
- Latest developments in IASs and their use world-wide
Day Three
- Sources of Funding
- Share capital
- Loan capital
- Retained profits
- Use of Funds
- Fixed assets
- Products services: Working capital
- Working capital: credit
- Working capital cycle
- Control of working capital
- Exercise
Day Four
- What information will I find in the Accounts?
- The profit and loss account
- The balance sheet
- The cash flow statement
- The statement of total recognised gains and losses
- The note of historical cost profits and losses
- Other Accounts information
- Exercise
- Cash flow forecast
- Case Studies
Day Five
- Capital Expenditure Appraisal
- Accounting Rate of Return
- Payback Period
- DCF Techniques
- Net Present Value
- Sensitivity Analysis
