Financial Accounting and Reporting

Why Attend

With the rapid developments in accounting standards, regulations, and industry practices, individuals need continuous training in order to keep abreast of all the changes. They also need to improve the quality of financial reporting by recording, reporting and disclosing regular and unusual business transactions.

'Financial Accounting and Reporting' is a course prepared and facilitated by professionals who not only master the theoretical facts of academia, but who also have a solid and practical global experience.

Overview

Course Outline

Schedule & Fees

Course Methodology

Instructor-led training that uses interactive learning methods, including class discussion, small group activities, and role-playing

Course Objectives

By the end of the course, participants will be able to:

List the basic financial statements and determine the best structure and presentation practices
Recognize important periodical adjustments and their effect on financial statements
Explain how to properly account for assets, liabilities, equity, revenues and expenses during recurrent and non-recurrent transactions
Identify minimum disclosure requirements in the financial statements for major accounts of transactions
Prepare financial statements starting from raw trial balance and ending with full comprehensive disclosures

Target Audience

Professionals in the field of finance and accounting, accountants at all levels seeking to enhance practical finance and accounting knowledge, and certified financial and accounting personnel.

Target Competencies

Mapping trial balance accounts to financial statements accounts
Practicing financial statements' notes preparation
Realizing minimum disclosure requirements
Applying International Financial Reporting Standards (IFRS)
Using Excel and Pivot tables for reporting

Financial statements and business decisions

The financial accounting cycle
Four or five key financial statements
Management uses of financial statements
Relationship among financial statements
Essential notes and disclosures to the financial statements

Basis of preparation
Accounting policies
Related parties' transactions
Contingencies
Risk managements
Subsequent event

Simulation 1: reporting on general information, basis of preparation and significant accounting policies

Income statement

Revenue and expense recognition: applying the accrual basis
Matching principle between revenues and expenses
Other comprehensive income components
Earnings per share reporting
Simulation 2: mapping accounts and preparing income statement using Excel
Simulation 3: creating income statement disclosures

Balance sheet and statement of owners' equity

Minimum presentation requirements of balance sheet accounts
Definitions of accounts in the balance sheet
Correct presentation for statement of owners' equity
Simulation 4: mapping accounts and preparing equity and balance sheet using excel

Cash Flow Statement

Exploring the three sections of a cash flow statements
Direct versus indirect method of cash flow statement preparation
Linking cash flow statements to notes
Accounting adjustments
Accruals and unearned revenues
Prepayments and deferrals
Accounting estimates

Financial reporting for major accounts and transactions

Measuring and reporting accounts receivable
Estimating and accounting for bad debts
Costs to be capitalized in inventory value
Inventory cost flow assumptions
Presenting inventory at lower of cost or net realizable value
Simulation 5: hands-on preparation of disclosures on current assets
Classifying, measuring and recording long lived assets
Repairs, maintenance, and additions to long lived assets
Depreciation and amortization
Disposal of long-lived assets
Accounting and reporting for intangibles
Accounting for investments

Passive investment, exercising significant influence or control
Types of equity and debt investments

Simulation 6: hands-on preparation of disclosures on non-current assets
Definitions and classification of liability accounts
Types of ownership and stock
Accounting for capital and dividends
Simulation 7: required disclosures on long-term obligations and equity
Wrapping it up: linking notes to face of financial statements

$1995

Arusha

Country: Tanzania

Duration: One week

Date: 22–26 Sep 2025

$2100

Kampala

Financial Accounting and Reporting

Overview

Course Outline

Schedule & Fees

Course Methodology

Course Objectives

Target Audience

Target Competencies

Financial statements and business decisions

Income statement

Balance sheet and statement of owners' equity

Cash Flow Statement

Financial reporting for major accounts and transactions

$1995

Country: Tanzania

Duration: One week

Date: 22–26 Sep 2025

$2100

Country: Uganda

Duration: One week

Date: 22–26 Jun 2026