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Course Title:

Course ID:

220724 0101 2572ESH

Course Dates :

22/Jul/2024

 To

02/Aug/2024

Course Duration :

10

Course Location:

London

United Kingdom

Course Fees GBP £ :

Primary Price

£9,896.03

VAT may vary depending on the country where the course or workshop is held

Course Fees USD $:

Advisory Price

$12,661.33

VAT may vary depending on the country where the course or workshop is held

Course Category:

Professional and CPD Training Programs

Finance, Accounting

Course Certified By:

* Professional Training and CPD Programs
Leading to : Executive Diploma Certificate
Leading to : Executive Mini Masters Certificate
Leading to : Executive Masters Certificate

* ESHub CPD
* LondonUni - Executive Management Training
* Others

United Kingdom

Please Note : Your £250.00 Deposit will be deducted from the total invoice Amount.
To commence the registration process for your training course, please follow the link provided and proceed with; Upon successful payment, we will promptly contact you to finalize your enrollment and issue a confirmation of your guaranteed placement.

Course Information

Introduction

This comprehensive course is designed to equip participants with the essential knowledge and skills required to navigate through accounting methods and procedures effectively.
In today's dynamic business environment, accurate financial reporting is crucial for making informed decisions and ensuring compliance with regulatory standards.
Participants will delve into best practices in financial accounting and reporting, gaining insights into various methods and procedures that optimize financial management and enhance organizational performance.
Throughout the course, participants will engage in interactive discussions, case studies, and hands-on exercises to reinforce learning and practical application of concepts.
By the end of the program, attendees will have the knowledge and skills to implement best practices in financial accounting and reporting within their organizations.

Objectives

1. Understand fundamental accounting principles and concepts.
2. Explore best practices in financial accounting and reporting.
3. Learn techniques for accurate financial data analysis and interpretation.
4. Gain insights into regulatory requirements and compliance standards.
5. Develop skills to implement efficient accounting methods and procedures.
6. Enhance decision-making capabilities based on financial information.

Who Should Attend?

This course is ideal for accounting professionals, financial analysts, managers, and anyone involved in financial reporting and analysis.
It is also beneficial for individuals seeking to enhance their understanding of accounting methods and procedures to improve financial management within their organizations.

Training Method

• Pre-assessment
• Live group instruction
• Use of real-world examples, case studies and exercises
• Interactive participation and discussion
• Power point presentation, LCD and flip chart
• Group activities and tests
• Each participant receives a 7” Tablet containing a copy of the presentation, slides and handouts
• Post-assessment

Program Support

This program is supported by:
* Interactive discussions
* Role-play
* Case studies and highlight the techniques available to the participants.

Daily Agenda

The course agenda will be as follows:
• Technical Session 08.30-10.00 am
• Coffee Break 10.00-10.15 am
• Technical Session 10.15-12.15 noon
• Coffee Break 12.15-12.45 pm
• Technical Session 12.45-02.30 pm
• Course Ends 02.30 pm

Please Note : Your £250.00 Deposit will be deducted from the total invoice Amount.
To commence the registration process for your training course, please follow the link provided and proceed with; Upon successful payment, we will promptly contact you to finalize your enrollment and issue a confirmation of your guaranteed placement.

Week 1

Day 1:
Fundamentals of Financial Accounting
• Overview of Accounting Principles and Concepts
o Introduction to fundamental accounting principles: consistency, relevance, reliability, and comparability
o Historical context and evolution of accounting principles
• Understanding the Double-Entry Accounting System
o Detailed explanation of debits and credits
o Recording transactions in journals and ledgers
o Practical exercises on journal entries and T-accounts
• Introduction to Financial Statements
o Detailed components of the Balance Sheet, Income Statement, and Cash Flow Statement
o How these statements interrelate
o Examples and case studies
• Principles of Accrual vs. Cash Basis Accounting
o In-depth comparison of accrual and cash basis accounting
o Advantages and disadvantages of each method
o Practical scenarios and case studies
• Case Studies and Practical Exercises
o Hands-on practice with real-world scenarios
o Group exercises to reinforce concepts.

Day 2:
Financial Statement Analysis - Part 1
• Techniques for Analysing Financial Statements
o Horizontal and vertical analysis
o Comparative analysis over multiple periods
o Practical exercises on real-world financial statements
• Ratio Analysis - Introduction
o Introduction to ratio analysis
o Detailed explanation of key ratios: liquidity ratios
• Case Studies and Practical Exercises
o Real-world examples of liquidity ratio analysis
o Group discussions on findings.

Day 3:
Financial Statement Analysis - Part 2
• Ratio Analysis - Continued
o Solvency ratios: debt to equity, interest coverage
o Profitability ratios: gross profit margin, net profit margin, return on assets, return on equity.
• Interpreting Financial Performance Indicators
o How to interpret and use ratios to assess financial health
o Benchmarking against industry standards
• Identifying Trends and Patterns in Financial Data
o Techniques for identifying trends in financial statements.
o Predictive analysis using historical data.

Day 4:
Financial Statement Analysis - Part 3
• Ratio Analysis - Efficiency Ratios
o Efficiency ratios: inventory turnover, receivables turnover, asset turnover
o Detailed exercises and practical applications
• Advanced Techniques for Analysing Financial Statements
o Segment reporting and analysis.
o Cash flow analysis and its importance in financial health.
• Real-World Examples and Group Discussions
o Analysis of financial statements from actual companies
o Group discussions and presentations on findings.

Day 5:
Best Practices in Financial Reporting - Part 1
• Regulatory Requirements: GAAP and IFRS
o Detailed comparison of GAAP and IFRS
o Key differences and implications for financial reporting
• Compliance Standards and Reporting Frameworks
o Overview of key compliance standards
o Frameworks for ensuring compliance.
• Case Studies on Regulatory Requirements
o Practical exercises in applying GAAP and IFRS standards.
o Analysis of real-world compliance scenarios

Weekend (Sat , Sun)

Week 2

Day 6:
Best Practices in Financial Reporting - Part 2
• Disclosure Requirements for Public vs. Private Companies
o Specific disclosure requirements for public companies
o Comparison with private company reporting.
• Ensuring Accuracy and Transparency in Financial Reporting
o Techniques for maintaining accuracy and transparency.
o Common pitfalls and how to avoid them.
• Case Studies and Regulatory Compliance Exercises
o Practical exercises in ensuring transparency.
o Analysis of financial reporting failures and lessons learned.

Day 7:
Best Practices in Financial Reporting - Part 3
• Advanced Topics in Financial Reporting
o Integrated reporting and sustainability reporting
o Impact of new standards and regulations on financial reporting
• Ensuring Ethical Financial Reporting
o Ethical considerations in financial reporting
o Case studies on ethical dilemmas and decision making.
• Hands-On Exercises and Practical Applications
o Real-world scenarios and case studies
o Group exercises and discussions on ethical reporting.

Day 8:
Accounting Methods and Procedures
• Inventory Valuation Methods
o Detailed explanation of FIFO, LIFO, and weighted average methods
o Implications of each method on financial statements
o Practical exercises in calculating inventory valuation.
• Depreciation Methods
o In-depth look at straight-line, double-declining balance, and units of production methods
o Impact of depreciation on financial statements
o Exercises in calculating depreciation.
• Revenue Recognition Principles
o Detailed discussion of revenue recognition criteria under GAAP and IFRS
o Specific scenarios and case studies on revenue recognition
• Expense Recognition and Capitalization
o Guidelines for distinguishing between expenses and capital expenditures.
o Practical applications and examples
• Hands-On Exercises and Practical Applications
o Extensive practical exercises to reinforce learning.
o Real-world scenarios and case studies

Day 9:
Implementing Effective Financial Controls
• Internal Controls and Segregation of Duties
o Importance of internal controls
o Techniques for implementing segregation of duties.
• Fraud Detection and Prevention
o Common types of financial fraud
o Strategies for detecting and preventing fraud.
• Auditing Procedures and Best Practices
o Overview of auditing procedures
o Best practices in conducting audits.
• Role of Technology in Financial Controls
o Use of technology in enhancing financial controls
o Case studies on successful implementation of technology

Day 10:
Developing an Effective Financial Control Framework
• Developing an Effective Financial Control Framework
o Steps to develop and implement a financial control framework.
o Practical examples and case studies
• Integrated Financial and Operational Control Systems
o Combining financial and operational controls
o Case studies on integrated control systems
• Final Group Project and Presentations
o Group project on designing a financial control framework.
o Presentations and feedback sessions

Please Note : Your £250.00 Deposit will be deducted from the total invoice Amount.
To commence the registration process for your training course, please follow the link provided and proceed with; Upon successful payment, we will promptly contact you to finalize your enrollment and issue a confirmation of your guaranteed placement.