Modern Techniques of Financial Accounting and Reports

Day 1: Introduction to Financial Reporting and Accounting Standards

• The role of accounting in financial reporting
• Key accounting terminology
• The framework of accounting and financial reporting
• The principles and importance of accounting standards

Day 2: Organization Financial Position Reporting – The Balance Sheet

• The structure of the balance sheet and its components
• Shareholders' equity, liabilities, and assets
• Differentiating between current assets and fixed assets
• Current liabilities vs non-current liabilities
• Introduction to working capital analysis and working capital requirement

Day 3: Accounts Receivable, Accounts Payable, and Financial Performance Reporting

• Working capital analysis in-depth
• Accounts receivable management
• Accounts payable management
• Introduction to financial performance reporting through the income statement
• What is profit, and how is it reported
• The structure of the income statement (profit and loss account)

Day 4: Financial Performance Reporting – The Income Statement and Cash Flow Statement

• Categories of income and expenditure in the income statement
• Income statement preparation
• What is included in the cash flow statement and its uses
• Cash flow statement preparation
• The relationship between the cash flow statement, profit and loss account, and balance sheet

Day 5: Financial Reporting Analysis, Valuation, and Analytical Tools

• Reasons for organization valuation and methods (Net assets and capitalized earnings valuation)
• Common-size (horizontal) and vertical trend analysis of financial statements
• Publication of financial statements and annual report considerations
• The best performance measure: Cash or profit?
• Analytical and performance tools & techniques for financial analysis
• Statistical tools and methods for financial data analysis