Modern Techniques of Financial Accounting and Reports

Financial reporting and accounting and reporting standards:

• The role of accounting in financial reporting.
• Accounting terminology.
• The framework of accounting and financial reporting.

Organization financial position reporting – the balance sheet:

• The structure of the balance sheet.
• Shareholders’ equity; liabilities; assets.
• Current assets and fixed assets.
• Current liabilities and non-current liabilities.

Working capital analysis:

• Working capital and working capital requirement.
• Accounts receivable.
• Accounts payable.

Organization financial performance reporting – the income statement:

• What is profit?
• The structure of the income statement (profit and loss account).
• The categories of income and expenditure in the income statement.
• Income statement preparation.

Organization financial reporting – the cash flow statement:

• What is included in the cash flow statement?
• Uses of cash.
• Cash flow statement preparation.
• The links between the cash flow statement, profit and loss account and balance sheet.

Organization valuation:

• The reasons for organization valuation.
• Types of valuation methods.
• Net assets valuation.
• Capitalized earnings valuation.

Analysis of financial reporting:

• Publication of financial statements.
• The annual report and accounts.
• The best performance measure – cash or profit?
• Common size (or horizontal) trend analysis of financial statements.
• Vertical trend analysis of financial statements.

Analytical & performance tools & techniques

• Finding and using data and information
• Easily available tools and techniques for financial analysis
• The fundamental statistical tools
• Fitting statistical techniques to financial data