Accounting, Taxation And Financial Analysis For Banks

This course is specially designed to deal with the peculiarities of Accounting, Taxation and Financial Analysis in Banks.

CONTENT

• Basic accounting techniques
• Computer based accounting system
• Peculiarities of accounts of banks and other financial institutions
• Understanding accounting entries for various transactional postings
• Consolidating the accounts of branches and units
• Preparing final accounts and accompanying schedules
• Preparing accounts for publication: Format and disclosure requirements
• Accounting standards for banks and non-bank financial institutions, Part I (SAS 10)
• Accounting standards for banks and non-bank financial institutions, Part II (SAS 15)
• Impact of prudential guidelines on reported profits of Banks
• Taxation issues in Banks
• Managing PAYE
• Knotty issues in VAT and WHT
• Corporate Tax Issues
• Tax payment schedules and cash flow implications
• Interpretation and analysis of financial statements
• Use of accounting ratios
• Vertical, horizontal and global analysis
• Balance sheet appreciation including identification of strengths and weaknesses
• Early warning signals
• Role of information technology
• Various accounting functions and software packages
• Controls in computerized accounting environment
• Contingency planning and disaster recovery methods
• Emerging trends and future challenges

FOR WHOM:

Staff of Accounts, Tax, Auditors and IT Departments. Staff in other departments who perform related functions should also attend.

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.