Financial Statement
Preparation and Analysis

30 August – 02 September 2022
Sandton Centre Johannesburg - South Africa

Register Now! Limited Seats Available!

Public R15, 999.00

Online R10, 999.00

Online R10, 999.00

Public R15, 999.00

Online R10, 999.00

Financial Statement Preparation and Analysis:

Financial statements and the annual report are key communication channels between companies and their different stakeholders. By attending this course, you will be able to prepare financial statements as per the International Financial Reporting Standards (IFRS) which will allow you to maintain your company’s financial reporting transparency and credibility.

Financial Analysis and reporting is an integral part of overall financial analysis carried out by various business organizations. It depicts the financial health of any company and helps the companies to augment their financial resources and management of generated funds efficiently. It compels the business firms to remain judicious in fund allocation to different activities and sub activities and use the generated funds carefully. Financial analysis guides the companies about their future course of action and the direction that any particular company should move on.

Course Objectives:

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

  • Understanding the accounting cycle
  • Designing chart of accounts
  • Performing accounting adjusting entries
  • Preparing and analysing income statements
  • Preparing and analysing balance sheets
  • Preparing and analysing cash flow
  • Reviewing and understanding financial statements notes
  • Utilizing Excel functions
  • Apply the framework of financial statements analysis.
  • Demonstrate skills at the foundations of ratio and financial analysis.
  • Carry out company and industry analysis.
  • Implement the process of company evaluation and analysis.
  • Analyze real-life financial statements from companies traded on the world

Who Should Attend:

  • Senior and junior accountants,
  • Financial analysts,
  • Chief accountants
  • Department heads,
  • Senior management team members,
  • Financial controllers,
  • Finance managers,
  • Financial accountants.

Course Outline:

The Accounting Cycle.

  • Understanding the accounting cycle
  • Supporting documents
  • Analyzing transactions and recording in the system
  • Preparing ledgers and General Ledgers (GL)
  • Converting the GL to Trial Balance (TB)
  • Types of adjusting entries
  • The Adjusted Trial Balance (ATB)
  • Mapping ATB to the financial statements
  • Preparing financial statements
  • Closing the books
  • Preparing the Post-Closing Trial Balance (PCTB)

Chart of accounts and design techniques

  • Designing the chart of accounts
  • Maintenance of the chart of accounts
  • Analyzing the chart of accounts
  • Reconciliations and important issues
  • Creating the trial balance

Accounting adjusting entries

  • Understanding deferrals
  • Deferred revenues and entries
  • Deferred expenses entries
  • Working with accruals
  • Adjusting for accrued revenues
  • Accrued expenses entries
  • Other adjustments and corrections
  • Preparing the adjusted trial balance

Preparing financial statements and notes

  • Mapping the adjusted trial balance to the financial statements
  • Preparing the income statements
  • Preparing the balance sheets
  • Preparing the cash flow statements
  • Preparing the owner’s equity statements
  • Objectives of external audit
  • External audit versus internal audit
  • Reading and interpreting the audit opinion
  • Management Discussion and Analysis (MD&A)

Notes to the financial statements

  • Understanding the requirements for the notes
  • Organization and activities of the notes
  • Basis for preparation
  • Summary of significant accounting policies
  • Accounting convention
  • Use of estimates
  • Completing the financial statements and the notes

Financial Statement Analysis: An Introduction

  • Role of Financial Reporting and Analysis
  • The Core Financial Statements and the Importance of the Annual Report
  • The Important Role of Notes and Supplementary Information
  • Objective and Types of Audits of Financial Statements
  • Financial Statement Analysis Framework
  • The Accounting Cycle
  • Financial Reporting Mechanics
  • Relationship, Elements and Classification of Financial Statements

Financial Reporting Standards

  • Importance of Reporting Standards in Security Analysis and Valuation
  • The Standards Setting Bodies
  • International Financial Reporting Standards versus Generally Accepted Accounting Principles

Understanding Financial Statements

  • Income Statement Components
  • Revenue and Expense Recognition
  • Balance Sheet Components:
  • Measurement and Classification
  • Cash Flow Statement:
  • Operating, Investing, and Financing Activities
  • Direct versus Indirect Methods in Cash Flow Preparation

Financial Analysis Techniques

  • Ratio Analysis:
  • Liquidity: Current, Quick, and Cash Ratios
  • Asset Management and Activity Ratios
  • Solvency: Debt, Equity, and Times Interest Earned Ratios
  • Profitability: Profit Margin, Gross Margin, Return on Assets, Return on Equity
  • Market and Valuation: Price-Earnings and Earnings Per Share Ratios
  • Vertical Analysis and Strategy: Balance Sheet and Income Statement Approaches
  • Trend Analysis and Growth
  • DuPont Analysis: The Three-Step and Five-Step Models
  • Time-Series and Cross-Sectional Analysis
  • Limitation of Ratio Analysis

Financial Statement Analysis: Applications and Presentations

  • Evaluating a Company’s Past Performance
  • Comprehensive Real-Life Analysis of Publicly Traded Companies

End of the workshop

IN HOUSE AND ONLINE TRAINING

While both In-House and Online training can present with cost-effectiveness and time-efficacy, there are some very specific differences between in-house courses and those based online.
The demand for additional courses by individuals or groups of people is increasing. Still, it depends entirely on the preferences of a person what type of training he or she wants to receive. Online courses and in-house training carry some similarities but they are considered to exhibit some very pivotal differences too. Despite that, both types of learning can be really beneficial for attendees.

For Registration and other Training arrangements,
contact us on the detail below.
SOUTH AFRICA Tel: +27 11 057 6001
TANZANIA Tel: +255 769 688 544
KENYA Tel: +254 11 353 1082
WhatsApp +27 79 574 0389
info@bmktraining.co.za / www.bmktraining.com