Course Details

This course is appropriate for a wide range of professionals but not limited to:

• Accountants, finance officers, and auditors seeking to enhance their technical skills.
• Financial controllers and managers involved in preparing or reviewing financial statements.
• Non-financial managers who need a deeper understanding of accounting information.
• Business analysts and consultants who interpret financial data for decision-making.
• Entrepreneurs and executives responsible for financial oversight and compliance.

• Expert-led sessions with dynamic visual aids
• Comprehensive course manual to support practical application and reinforcement
• Interactive discussions addressing participants’ real-world projects and challenges
• Insightful case studies and proven best practices to enhance learning

By the end of this course, participants should be able to:

• Understand and apply the fundamental principles of financial accounting.
• Prepare and interpret key financial statements in line with IFRS standards.
• Analyze financial performance and position through accounting data.
• Ensure compliance and transparency in financial reporting.
• Communicate accounting information effectively to stakeholders.

DAY 1

Accounting Fundamentals and the Financial Framework

• Welcome and introduction
• Pre-test
• The Role of Financial Accounting in Business Decision-Making
• The Accounting Cycle: From Transactions to Financial Statements
• Generally Accepted Accounting Principles (GAAP) vs. IFRS
• Double-Entry Accounting: Debits, Credits, and the Chart of Accounts
• Accruals, Deferrals, and Adjusting Entries
• Workshop

DAY 2

Financial Statements and Their Interrelationships

• Structure and Purpose of the Balance Sheet
• Understanding the Income Statement and Statement of Comprehensive Income
• Preparing the Statement of Changes in Equity
• Building the Cash Flow Statement (Operating, Investing, Financing Activities)
• The Interrelationship Between the Three Primary Statements
• Analyzing Key Financial Ratios Derived from the Statements
• Exercise

DAY 3

Recognition, Measurement, and Disclosure

• Accounting for Assets: Current and Non-Current Classifications
• Valuation of Inventory, Property, Plant, and Equipment (PPE)
• Depreciation Methods and Their Impact on Financial Results
• Accounting for Liabilities and Provisions
• Equity Accounting and Retained Earnings
• Revenue Recognition and Expense Matching Principles (IFRS 15)
• Case Study

DAY 4

Consolidation, Adjustments, and Reporting Standards

• Consolidated Financial Statements: Principles and Procedures
• Elimination of Intercompany Transactions and Minority Interests
• Foreign Currency Transactions and Translation Adjustments (IAS 21)
• Accounting for Leases, Financial Instruments, and Deferred Taxes
• The Role of Notes and Disclosures in Enhancing Transparency
• Reporting under IFRS vs. Local Standards
• Group Activity

DAY 5

Analysis, Compliance, and Presentation

• Interpreting Financial Statements for Performance Evaluation
• Ratio and Trend Analysis for Decision-Making
• Common Accounting Errors and Fraud Detection Techniques
• Compliance with Regulatory and Statutory Requirements
• Preparing and Presenting Financial Reports for Management and Stakeholders
• Final Project
• Post-test
• Certificate ceremony