Advance Certificate In Financial Reporting

The course is designed to develop your knowledge and understanding of International Financial Reporting Standards. Students will also learn how to apply them, as well as the concepts and principles that underpin them.

Who Is This Course Aimed at?

• Financial Officer
• Accountants, Finance Managers
• Students studying Finance

Course Outcomes:

• Understand, explain and apply the IASB's Conceptual Framework for Financial Reporting
• Apply relevant financial reporting standards to key elements of financial reports
• Prepare group financial statements including subsidiaries, associates and joint arrangements.
• Identify and apply disclosure requirements for companies in financial reports and notes.
• Learn about accounting treatments for specialized transactions.

Structure:

•  Preparation and presentation of financial statements
• Rationale for financial reporting and its regulation, Conceptual framework, Preparation of financial statements (Comprehensive income, changes in equity and financial position).
• Preparation of cash flow statement and consolidated financial statements
• Preparation of financial statements (Cash flow statement), Introduction to Group Accounts, The Mechanics of Consolidation, Foreign currency translation and consolidation of foreign subsidiaries.
• Analysis and interpretation of financial statements and related information
• Analysis and interpretation of financial statements, notes to the financial statements and other information in financial report.
• Accounting treatments for specialized transactions
• Accounting for changing prices: Fair value and other accounting systems of price adjustments, Employee benefits, Income and deferred taxation, Property, Plant and Equipment (includes investment properties), Leasing and Intangible assets.
• Project Based on Study
• Case Studies/ Project Submissions.