Preparing Financial Statements and the Annual Report

Transcription

1 Preparing Financial Statements and the Annual Report Page 1 of 11

2 Why Attend Financial statements and the annual report are key communication channels between companies and their different stakeholders. By attending this course you will be able to prepare financial statements as per the International Financial Reporting Standards (IFRS) hence maintaining your company's financial reporting transparency and credibility. Course Methodology This course covers theoretical core topics in addition to introducing Excel for the preparation of financial statements. It features 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 in 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 Note This is a hands-on training course using laptops, which will be made available by Meirc for the duration of the course. Course Outline The accounting cycle Understanding the accounting cycle Supporting documents Analyzing transactions and recording in the system Preparing ledgers and General Ledgers (GL) Converting the GL to Trial Balance (TB) Types of adjusting entries The Adjusted Trial Balance (ATB) Mapping ATB to the financial statements Preparing financial statements Closing the books Page 2 of 11

3 Preparing the Post-Closing Trial Balance (PCTB) Chart of accounts and design techniques Designing the chart of accounts Maintenance of the chart of accounts Analyzing the chart of accounts Reconciliations and important issues Creating the trial balance Accounting adjusting entries Understanding deferrals Deferred revenues and entries Deferred expenses entries Working with accruals Adjusting for accrued revenues Accrued expenses entries Other adjustments and corrections Preparing the adjusted trial balance Preparing financial statements and notes Mapping the adjusted trial balance to the financial statements Preparing the income statements Preparing the balance sheets Preparing the cash flow statements Preparing the owners equity statements Objectives of external audit External audit versus internal audit Reading and interpreting the audit opinion Discussion and Analysis (MD&A) Notes to the financial statements Understanding the requirements for the notes Organization and activities of the notes Basis for preparation Summary of significant accounting policies Accounting convention Use of estimates Completing the financial statements and the notes Page 3 of 11

4 Associations National Association of State Boards of Accountancy (NASBA) : Meirc Training & Consulting is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website Location & Date Nov, 2018 JW Marriott Marquis Mar, 2019 To be assigned 6-10 Oct, 2019 To be assigned : US$ (including coffee breaks and a buffet lunch daily) Per participant Per participant VAT as applicable Tax Registration Number This course is worth 25 NASBA CPEs. Page 4 of 11

5 26-30 Aug, 2018 Barcelona Aug, Aug, 2018 Forecasting and Analyzing Cash Flow 2-6 Sep, 2018 Certificate in Treasury 2-6 Sep, 2018 Next Generation Excel: Advanced Business and Financial Reporting Abu Dhabi 9-13 Sep, 2018 Advanced Budgeting Workshop 9-13 Sep, 2018 Certificate in International Financial Reporting Standards (CertIFR): Preparation Course Sep, 2018 Fast Closing Monthly and Year-End Accounts Jeddah Sep, 2018 Financial Analysis Workshop Sep, 2018 Financial Controller Bootcamp Beirut US$ Sep, 2018 Accounts Receivable and Credit Policies Sep, Sep, 2018 Innovative Reporting 30 Sep - 4 Oct, Oct, Oct, 2018 Financial Modeling Workshop Using Excel 7-11 Oct, 2018 Payroll: Preparation, Analysis and Oct, 2018 Certificate in Cost Analysis and Control Oct, 2018 Efficient Finance and Accounting Operations: 2018 Best Practices and Oct, 2018 Financial Acumen: Roadmap to Business Success Oct, 2018 Accounts Payable: From Accounting to Oct, 2018 Business Reports and Dashboards Using Excel Oct, 2018 IFRS in Saudi Arabia: Compliance with SOCPA Riyadh Oct, 2018 Professional Accounting Certificate 28 Oct - 1 Nov, 2018 Certificate in Financial 28 Oct - 1 Nov, 2018 Riyadh Page 5 of 11

6 4-8 Nov, 2018 Policies and Procedures 4-8 Nov, Nov, 2018 Managing the Collections and Credit Control Team 4-8 Nov, 2018 Professional Skills for Finance and Accounting Nov, 2018 Accounts Receivable and Credit Policies Nov, 2018 Advanced Budgeting Workshop Nov, 2018 Innovative Cost Savings Strategies Nov, 2018 International Financial Reporting Standards (IFRS) and Nov, 2018 Certificate in Fixed Assets Accounting and Nov, 2018 Financial Controller Workshop Nov, 2018 Certificate in Advanced Financial Modeling Nov, 2018 Certified Corporate Financial Planning & Analysis Professional (Cert FP&A): Preparation Course - Part Dec, 2018 Accounting for Non-Accountants 2-6 Dec, Dec, 2018 Accounts Payable: From Accounting to 9-13 Dec, 2018 Corporate Finance Workshop 9-13 Dec, 2018 Fast Closing Monthly and Year-End Accounts 9-13 Dec, 2018 Payroll: Preparation, Analysis and Dec, Dec, 2018 Efficient Finance and Accounting Operations: 2018 Best Practices and Dec, Dec, 2018 Next Generation Excel: Advanced Business and Financial Reporting Dec, Dec, 2018 Financial Analysis Workshop 6-7 Jan, 2019 Basic Mechanics and Accounting for VAT US$ 0 Page 6 of 11

7 27-31 Jan, Feb, 2019 Financial Modeling Workshop Using Excel Feb, 2019 Accounts Payable: Accounting and Best Practices Feb, Feb, Feb, 2019 Accounts Receivable and Credit Policies Feb, 2019 Certificate in Professional Accounting Feb, 2019 Certified Financial Manager Feb, 2019 Dynamic Business Reports and Dashboards Using Excel Feb, 2019 Financial Acumen: Roadmap to Business Success 3-7 Mar, 2019 Accounting for Non-Accountants 3-7 Mar, 2019 Certificate in Cost Analysis, Control and Optimization Mar, 2019 Certificate in Accounting and Financial Control Mar, 2019 Financial Analysis Workshop Mar, 2019 Payroll: Preparation, Analysis and Mar, 2019 Efficient Finance and Accounting Operations: 2019 Best Practices and Mar, 2019 International Financial Reporting Standards (IFRS) and Mar, 2019 Managing the Collections and Credit Control Team Mar, 2019 Certificate in Fixed Assets Accounting and Mar, 2019 Certificate in Advanced Financial Modeling Mar, 2019 Certificate in Treasury and Cash Mar, 2019 Fast Closing Monthly and Year-End Accounts 31 Mar - 4 Apr, Apr, Apr, 2019 Professional Skills for Finance and Page 7 of 11

8 Accounting Apr, 2019 Policies and Procedures Apr, 2019 Preparation for Certificate in Financial Planning & Analysis (Cert FP&A) Apr, 2019 Certificate in International Financial Reporting Standards (CertIFR): Preparation Course Apr, 2019 Next Generation Excel: Advanced Business and Financial Reporting Apr, 2019 Certificate in Advanced Budgeting and Forecasting Apr, 2019 Cairo 28 Apr - 2 May, 2019 Efficient Finance and Accounting Operations: 2019 Best Practices and 28 Apr - 2 May, Jun, 2019 Certificate in Advanced Financial Modeling 9-13 Jun, Jun, 2019 Accounts Payable: Accounting and Best Practices Jun, Jun, Jun, 2019 Advanced Excel: Power Query, Power Pivots and Macros Jun, Jul, 2019 Certified Financial Manager Jul, 2019 Certificate in Advanced Budgeting and Forecasting Jul, 2019 Fast Closing Monthly and Year-End Accounts 28 Jul - 1 Aug, 2019 Financial Modeling Workshop Using Excel 4-8 Aug, Aug, Aug, 2019 Istanbul Aug, 2019 Forecasting and Analyzing Cash Flow 1-5 Sep, 2019 Accounting for Non-Accountants 1-5 Sep, 2019 Dynamic Business Reports and Dashboards Page 8 of 11

9 Using Excel 4-6 Sep, 2019 : A Hands-On Workshop Beirut US$ Sep, 2019 Corporate Finance Workshop 8-12 Sep, 2019 Efficient Finance and Accounting Operations: 2019 Best Practices and Abu Dhabi 8-12 Sep, 2019 Financial Analysis Workshop 8-12 Sep, 2019 Payroll: Preparation, Analysis and Sep, 2019 Accounts Receivable and Credit Policies Sep, 2019 International Financial Reporting Standards (IFRS) and Sep, 2019 Professional Skills for Finance and Accounting Istanbul Sep, 2019 Certificate in Accounting and Financial Control Sep, 2019 Financial Acumen: Roadmap to Business Success 29 Sep - 3 Oct, 2019 Certificate in Treasury and Cash Riyadh 29 Sep - 3 Oct, 2019 Reporting for Business Performance Review 6-10 Oct, Oct, Oct, 2019 Fast Closing Monthly and Year-End Accounts Oct, 2019 Next Generation Excel: Advanced Business and Financial Reporting Oct, 2019 Accounts Payable: Accounting and Best Practices Riyadh Oct, Oct, 2019 Financial Forecasting: Tools and Techniques Oct, 2019 Managing the Collections and Credit Control Team Oct, Oct, 2019 Innovative Cost Savings Strategies 3-7 Nov, 2019 Certificate in Treasury and Cash Page 9 of 11

10 3-7 Nov, 2019 Trade Finance, Letters of Credit and Bank Guarantees Nov, 2019 Certificate in Advanced Budgeting and Forecasting Nov, 2019 Certificate in Advanced Financial Modeling Nov, 2019 Certificate in International Financial Reporting Standards (CertIFR): Preparation Course Nov, 2019 Payroll: Preparation, Analysis and Nov, 2019 Accounts Payable: Accounting and Best Practices Nov, Nov, 2019 Certificate in Fixed Assets Accounting and Nov, 2019 Advanced Excel: Power Query, Power Pivots and Macros Nov, Nov, 2019 Forecasting and Analyzing Cash Flow 1-5 Dec, 2019 Efficient Finance and Accounting Operations: 2019 Best Practices and 8-12 Dec, 2019 Accounts Receivable and Credit Policies 8-12 Dec, 2019 International Financial Reporting Standards (IFRS) and Dec, 2019 Professional Skills for Finance and Accounting Dec, 2019 Policies and Procedures Dec, Dec, Dec, 2019 Certificate in Cost Analysis, Control and Optimization Dec, Dec, 2019 Page 10 of 11

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