Preparing Financial Statements and the Annual Report

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

- Prepare and present income statements, balance sheet and cash flow statements

- Perform accounting adjustments including deferrals and accruals

- Map chart of accounts to the financial statements and formulate notes to the financial statements

CONTENT

The Accounting Cycle

- Analyzing transactions and recording in the system

- Preparing ledgers and general ledgers

- Trial balance

- The adjusted trial balance

- Preparing financial statements

- Closing the books

Charts of Accounts and Design Techniques

- Designing chart of accounts

- Maintenance of chart of accounts

- Analyzing chart of accounts

- Reconciliation and improvement issues

Accounting Adjusting Entries

- Understanding deferrals

- Working with accruals

- Other adjustments and collections

- Preparing the adjusted trial balance.

Preparing financial statements and notes

- Preparing income statements

- Preparing balance sheets

- Preparing cash flow statements

- Preparing the equity statement

- Reading and interpreting the audit opinion

Notes to the financial statements

- Requirements for the note

- Organization and activities of notes

- Basis for preparation

- Summary of significant accounting policies

FOR WHOM:

Accountants, Directors Management Staff, CFOs, Heads of Accounts Department, Finance Managers and others who perform related functions.

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.

Date:

1ST BATCH:                      25th - 28th Apr, 2023      

2ND BATCH:                      24th- 27th Oct, 2023