Preparing Financial Statements and the Annual Report Page 1 of 11
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
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
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 www.learningmarket.org Location & Date 18-22 Nov, 2018 JW Marriott Marquis 17-21 Mar, 2019 To be assigned 6-10 Oct, 2019 To be assigned : US$ (including coffee breaks and a buffet lunch daily) Per participant - 2018 Per participant - 2019 + VAT as applicable Tax Registration Number 100239834300003 This course is worth 25 NASBA CPEs. Page 4 of 11
26-30 Aug, 2018 Barcelona 26-30 Aug, 2018 26-30 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 16-20 Sep, 2018 Fast Closing Monthly and Year-End Accounts Jeddah 16-20 Sep, 2018 Financial Analysis Workshop 19-21 Sep, 2018 Financial Controller Bootcamp Beirut US$ 3500 23-27 Sep, 2018 Accounts Receivable and Credit Policies 23-27 Sep, 2018 23-27 Sep, 2018 Innovative Reporting 30 Sep - 4 Oct, 2018 7-11 Oct, 2018 7-11 Oct, 2018 Financial Modeling Workshop Using Excel 7-11 Oct, 2018 Payroll: Preparation, Analysis and 14-18 Oct, 2018 Certificate in Cost Analysis and Control 14-18 Oct, 2018 Efficient Finance and Accounting Operations: 2018 Best Practices and 14-18 Oct, 2018 Financial Acumen: Roadmap to Business Success 21-25 Oct, 2018 Accounts Payable: From Accounting to 21-25 Oct, 2018 Business Reports and Dashboards Using Excel 21-25 Oct, 2018 IFRS in Saudi Arabia: Compliance with SOCPA Riyadh 21-25 Oct, 2018 Professional Accounting Certificate 28 Oct - 1 Nov, 2018 Certificate in Financial 28 Oct - 1 Nov, 2018 Riyadh Page 5 of 11
4-8 Nov, 2018 Policies and Procedures 4-8 Nov, 2018 4-8 Nov, 2018 Managing the Collections and Credit Control Team 4-8 Nov, 2018 Professional Skills for Finance and Accounting 11-15 Nov, 2018 Accounts Receivable and Credit Policies 11-15 Nov, 2018 Advanced Budgeting Workshop 11-15 Nov, 2018 Innovative Cost Savings Strategies 11-15 Nov, 2018 International Financial Reporting Standards (IFRS) and 2018 18-22 Nov, 2018 Certificate in Fixed Assets Accounting and 18-22 Nov, 2018 Financial Controller Workshop 25-29 Nov, 2018 Certificate in Advanced Financial Modeling 25-29 Nov, 2018 Certified Corporate Financial Planning & Analysis Professional (Cert FP&A): Preparation Course - Part 1 2-6 Dec, 2018 Accounting for Non-Accountants 2-6 Dec, 2018 9-13 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 16-20 Dec, 2018 16-20 Dec, 2018 Efficient Finance and Accounting Operations: 2018 Best Practices and 16-20 Dec, 2018 16-20 Dec, 2018 Next Generation Excel: Advanced Business and Financial Reporting 23-27 Dec, 2018 23-27 Dec, 2018 Financial Analysis Workshop 6-7 Jan, 2019 Basic Mechanics and Accounting for VAT US$ 0 Page 6 of 11
27-31 Jan, 2019 3-7 Feb, 2019 Financial Modeling Workshop Using Excel 10-14 Feb, 2019 Accounts Payable: Accounting and Best Practices 10-14 Feb, 2019 10-14 Feb, 2019 17-21 Feb, 2019 Accounts Receivable and Credit Policies 17-21 Feb, 2019 Certificate in Professional Accounting 17-21 Feb, 2019 Certified Financial Manager 24-28 Feb, 2019 Dynamic Business Reports and Dashboards Using Excel 24-28 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 10-14 Mar, 2019 Certificate in Accounting and Financial Control 10-14 Mar, 2019 Financial Analysis Workshop 10-14 Mar, 2019 Payroll: Preparation, Analysis and 17-21 Mar, 2019 Efficient Finance and Accounting Operations: 2019 Best Practices and 17-21 Mar, 2019 International Financial Reporting Standards (IFRS) and 2019 17-21 Mar, 2019 Managing the Collections and Credit Control Team 24-28 Mar, 2019 Certificate in Fixed Assets Accounting and 24-28 Mar, 2019 Certificate in Advanced Financial Modeling 24-28 Mar, 2019 Certificate in Treasury and Cash 24-28 Mar, 2019 Fast Closing Monthly and Year-End Accounts 31 Mar - 4 Apr, 2019 7-11 Apr, 2019 7-11 Apr, 2019 Professional Skills for Finance and Page 7 of 11
Accounting 14-18 Apr, 2019 Policies and Procedures 14-18 Apr, 2019 Preparation for Certificate in Financial Planning & Analysis (Cert FP&A) 14-18 Apr, 2019 Certificate in International Financial Reporting Standards (CertIFR): Preparation Course 14-18 Apr, 2019 Next Generation Excel: Advanced Business and Financial Reporting 21-25 Apr, 2019 Certificate in Advanced Budgeting and Forecasting 21-25 Apr, 2019 Cairo 28 Apr - 2 May, 2019 Efficient Finance and Accounting Operations: 2019 Best Practices and 28 Apr - 2 May, 2019 9-13 Jun, 2019 Certificate in Advanced Financial Modeling 9-13 Jun, 2019 16-20 Jun, 2019 Accounts Payable: Accounting and Best Practices 16-20 Jun, 2019 16-20 Jun, 2019 23-27 Jun, 2019 Advanced Excel: Power Query, Power Pivots and Macros 23-27 Jun, 2019 7-11 Jul, 2019 Certified Financial Manager 14-18 Jul, 2019 Certificate in Advanced Budgeting and Forecasting 21-25 Jul, 2019 Fast Closing Monthly and Year-End Accounts 28 Jul - 1 Aug, 2019 Financial Modeling Workshop Using Excel 4-8 Aug, 2019 4-8 Aug, 2019 25-29 Aug, 2019 Istanbul 25-29 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
Using Excel 4-6 Sep, 2019 : A Hands-On Workshop Beirut US$ 3600 8-12 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 15-19 Sep, 2019 Accounts Receivable and Credit Policies 15-19 Sep, 2019 International Financial Reporting Standards (IFRS) and 2019 15-19 Sep, 2019 Professional Skills for Finance and Accounting Istanbul 22-26 Sep, 2019 Certificate in Accounting and Financial Control 22-26 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, 2019 6-10 Oct, 2019 13-17 Oct, 2019 Fast Closing Monthly and Year-End Accounts 13-17 Oct, 2019 Next Generation Excel: Advanced Business and Financial Reporting 20-24 Oct, 2019 Accounts Payable: Accounting and Best Practices Riyadh 20-24 Oct, 2019 20-24 Oct, 2019 Financial Forecasting: Tools and Techniques 20-24 Oct, 2019 Managing the Collections and Credit Control Team 27-31 Oct, 2019 27-31 Oct, 2019 Innovative Cost Savings Strategies 3-7 Nov, 2019 Certificate in Treasury and Cash Page 9 of 11
3-7 Nov, 2019 Trade Finance, Letters of Credit and Bank Guarantees 10-14 Nov, 2019 Certificate in Advanced Budgeting and Forecasting 10-14 Nov, 2019 Certificate in Advanced Financial Modeling 10-14 Nov, 2019 Certificate in International Financial Reporting Standards (CertIFR): Preparation Course 10-14 Nov, 2019 Payroll: Preparation, Analysis and 17-21 Nov, 2019 Accounts Payable: Accounting and Best Practices 17-21 Nov, 2019 17-21 Nov, 2019 Certificate in Fixed Assets Accounting and 24-28 Nov, 2019 Advanced Excel: Power Query, Power Pivots and Macros 24-28 Nov, 2019 24-28 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 2019 8-12 Dec, 2019 Professional Skills for Finance and Accounting 15-19 Dec, 2019 Policies and Procedures 15-19 Dec, 2019 15-19 Dec, 2019 22-26 Dec, 2019 Certificate in Cost Analysis, Control and Optimization 22-26 Dec, 2019 22-26 Dec, 2019 Page 10 of 11
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