Accounting Standards and Practices

Overview
Course Outline
Scheduled Dates

Course Overview

Understanding accounting standards and practices is essential for anyone involved in the financial health of a business. This comprehensive 5-day program equips you with a solid foundation in the core principles, applications, and complexities of accounting standards in today's business world. Through interactive lectures, case studies, hands-on exercises, and group discussions, you will understand financial statements clearly, interpret accounting data accurately and apply accounting principles to real-world scenarios.

Objective:

Gain a comprehensive understanding of the Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS) framework.
Master the key components of financial statements, including the balance sheet, income statement, cash flow statement, and statement of changes in equity.
Learn to analyse financial statements effectively to assess a company's financial performance and position.
Develop skills for applying accounting standards to various business transactions, such as revenue recognition, inventory valuation, and asset depreciation.
Explore advanced accounting topics like intangible assets, leases, and financial instruments.
Understand the impact of accounting policies and estimates on financial statements.
Develop critical thinking skills to identify and address potential accounting issues and inconsistencies.
Gain insights into the evolving regulatory landscape and the role of accounting standards setters.
Learn best practices for internal controls and financial reporting to ensure accurate and reliable financial information.

Course Outline

Day 1: The Foundational Framework

Understanding the importance of accounting standards and regulatory compliance
Overview of GAAP and IFRS: Key differences and global implications
Exploring the conceptual framework and fundamental accounting principles
The role of accounting standards in financial transparency and decision-making

Day 2: Interpreting Financial Statements

The Balance Sheet: Analysing assets, liabilities, and shareholder equity
The Income Statement: Revenue recognition, expense categorization, and profitability assessment
The Cash Flow Statement: Evaluating cash movements from operations, investments, and financing
The Statement of Changes in Equity: Tracking variations in ownership interest over time

Day 3: Applying Accounting Standards to Transactions

Revenue recognition methods and their impact on financial reporting
Inventory valuation techniques and their effect on business performance
Property, plant, and equipment (PPE): Depreciation, impairment, and asset management
Intangible assets: Accounting treatment of goodwill, patents, and trademarks

Day 4: Advanced Accounting Topics

Lease accounting: Differentiating between operating and finance leases
Financial instruments: Classification, valuation, and reporting requirements
Earnings management: Identifying financial reporting risks
The impact of accounting policies on financial statement interpretation

Day 5: Maintaining Integrity & Looking Forward

Best practices for internal controls and ensuring financial reporting accuracy
The evolving regulatory landscape: Adapting to changes in accounting standards
The future of accounting: Technology, automation, and industry trends
Strengthening financial governance and ethical considerations in accounting

Schedule & Fees

3 For 2Offer

Get the most out of group training with our special discount! Register 3 of your participants together on the same course and only pay for 2.

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Barcelona
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Vienna

$5,300

Duration: 5 Days

date: 19 - 23 May 2025

London

$5,300

Duration: 5 Days

date: 09 - 13 Jun 2025

Barcelona

$5,300

Duration: 5 Days

date: 14 - 18 Jul 2025

Paris

$5,300

Duration: 5 Days

date: 18 - 22 Aug 2025

London

$5,300

Duration: 5 Days

date: 20 - 24 Oct 2025

Finance and Accounting

Accounting Standards and Practices

Duration:5 Days

date:19 - 23 May 2025

Vienna

$5,300

CPD Standards

Employees of professional or formally regulated bodies are generally expected to have CPD accredited training. This type of accreditation ensures that the training is knowledgeable, informed and constantly updated. It ensures our standards as a company are kept high and consistent.

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Recognition

All our courses are accredited by the CPD Standards Agency

Frequently Asked Questions

How can training courses be used as a company benefit?

Training is hugely beneficial to both yourself and your company. It enables you to employ new technologies, increases your productivity and enables you to be more autonomous. Have a look here at our infographic on the importance of training and development!

How often do you update your course content to ensure relevancy?

Our course content is constantly reviewed and updated to ensure we stay up to date with all the latest trends. After every course is completed we review the feedback and improve the material where necessary.

Do you keep your classroom environment and instructional methodologies current with today’s real-world workplace?

Yes, we focus our training on ‘real-world’ scenarios and our trainers are all highly experienced and skilled in their relevant fields.

Are your courses eligible for professional certification?

Yes, we offer certification with all our courses, every course is entitled to CPD (Continuous Professional Development) hours which you can put towards your professional portfolio.

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