Financial Accounts and Reports Training (2 Weeks)

Day 1

 Introduction to Financial Accounting

• Overview of financial accounting
• Importance of financial statements and reports
• Accounting principles and standards
• Overview of financial statements

Day 2

 Understanding Financial Statements

• Balance sheet
• Income statement
• Cash flow statement
• Statement of changes in equity

Day 3

 Analysing Financial Statements

• Ratio analysis
• Vertical and horizontal analysis
• Common-size financial statements
• Interpreting financial data

Day 4

 Accounting Principles and Standards

• Generally Accepted Accounting Principles (GAAP)
• International Financial Reporting Standards (IFRS)
• Accounting ethics
• Reporting and disclosure requirements

Day 5

 The Accounting Cycle

• Overview of the accounting cycle
• Recording transactions
• Journal entries
• Ledger accounts

Day 6

Adjusting Entries and the Closing Process

• Accruals and deferrals
• Depreciation and amortization
• Adjusting entries
• Closing entries

Day 7

 Cost Accounting

• Overview of cost accounting
• Types of costs
• Cost behaviour
• Cost-volume-profit analysis

Day 8

 Budgeting and Forecasting

• Overview of budgeting and forecasting
• Types of budgets
• Preparing a budget
• Forecasting techniques

Day 9

 Auditing and Internal Controls

• Overview of auditing
• Types of audits
• Internal controls
• Fraud prevention and detection

Day 10

 Financial Reporting and Analysis

• Financial reporting requirements
• External reporting
• Internal reporting
• Financial analysis techniques