Financial Accounting & Reporting

Code

335

Start Date

2023-08-06

End Date

2023-08-10

City

Dubai

Price

2950 $

Language

Participants

1-15

Hotel

click here

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overview

This interactive seminar will develop an understanding of the importance of financial reporting in business. It will consider how the Annual Report provides an opportunity for the management of a company to account for their actions to the stockholders. The seminar will consider the framework imposed by accounting and financial reporting standards, corporate legislation, and the requirements of stock markets around the world. The implications of recent financial scandals in the USA, and how these have prompted the strengthening of corporate governance around the world will be discussed.

The seminar will also consider the ways in which internal reporting contributes to the control of costs, identification and correction of problems, and how to make and implement profitable decisions.

The highlights of this course will be:

The formats and structures of company annual reports, and how to read and understand them.
The generally accepted accounting principles that are applied in the U.S. and Europe
International rules of corporate governance
Tools and techniques to evaluate business performance, and to predict future problems.
The evaluation of new investment proposals – will they add value to your organisation?

Objectives

At the end of this seminar participants will:

The evaluation of new investment proposals – will they add value to your organisation?
Understand and use analytical tools and techniques in practical case-study situations.
Appreciate the importance of new investments in maintaining growth and competitiveness, and how these investments should be evaluated.
Identify the role of accounting standards in the communication of financial results
Apply key accounting standards to their respective enterprises
Understand the role of audit

Training Methodology

The seminar will be conducted along workshop principles with formal lectures, case studies and interactive worked examples. Relevant case studies will be provided to illustrate the application of each technique in an operational environment. Each learning point will be re-inforced with practical exercises. Discussion in groups will promote exchange of concepts and ideas.

Organisational Impact

What will your organisation gain from sending employees to attend this seminar?

Confidence in understanding financial position and performance
Awareness of the causes of accounting scandals, and how to avoid them
Understanding of the importance of corporate governance
Understanding of the tools and techniques that can monitor and improve performance
Ability to identify problem areas, and suggest realistic solutions
Ability to evaluate and select new investments that will generate growth and meet the stockholders’ expectations.

Personal Impact

What will the employee gain from attending this seminar?

Exchange of ideas and knowledge with other professionals
Increased awareness of techniques in financial analysis and capital appraisal
Better understanding of the language of finance and accounting
Knowledge and understanding of business risk
Increased ability to identify problem areas
Increased confidence to tackle new situations

Who Should Attend?

Financial Officers, Controllers and Treasurers
Professionals responsible for financial reporting
Accountants, Project Professionals, Budget Analysts
Anyone with an interest in financial reporting

SEMINAR OUTLINE

DAY 1 : Financial Reporting and Corporate Governance

Business objectives and shareholder wealth
The users of financial information
The role of accounting in financial reporting
Key financial statements, their nature and purpose
The conceptual framework of accounting and financial reporting
Introduction to accounting standards
The development of accounting standards
International financial scandals
The agency problem
The role of audit
The need for corporate governance
Corporate governance in the UK, US, and in GCC countries
The Balance Sheet
Shareholders equity
Current and non-current assets
Current and non-current liabilities
Working capital
Preparing the balance sheet
What does the balance sheet tell us?
What are its limitations?
Accounting terminology

DAY 2 : Accounting Systems, Reporting and Decisions

Preparation of the Income Statement
Calculation of profit
HCategories of income and expenditure
Valuation of current and non-current assets
The format of the Income Statement and Balance Sheet
The link between cash and profit
The link between asset valuation and profit
Inventory, receivables, payables, and cash
The application of judgement
The nature and purpose of working capital
Management accounting and cost-volume-profit (CVP) analysis
Break even analysis
The impact of volume and sales changes on cost structures
The limitations of break-even analysis

DAY 3 : Cash Flow and Investment Appraisal

The purpose of the Cash Flow Statement, and its contents
The preparation and presentation of the Cash Flow Statement
Sources and uses of cash
The link between the Cash Flow Statement, the Balance Sheet, and the Income Statement
The Cash Flow Statement as a predictor of future performance
Interest rates and the time value of money
Discounting and compounding – present values and future values
Annuities and perpetuities
Investment appraisal: what is an investment?
Appraisal techniques NPV and IRR
Relevant cash flows and free cash flows
The effect of inflation
Dealing with risk and uncertainty
Asset replacement and annual equivalent value
Capital rationing
Managing the investment project

DAY 4 : Financing and Cost of Capital

Financing the business
Financing principles
Sources and types of finance, and the effect of gearing
Defensive, neutral, aggressive financing policies
Stock Market listing
The Cost of Capital
Cost of equity (Ke)
Cost of debt (Kd)
Weighted average cost of capital (WACC)
Capital Asset Pricing Model (CAPM)
The need for company valuations
Valuation methods: Net assets; PE Ratio; Dividend growth model; Present value of future free cashflows; Capitalised earnings
Shareholder value added
Financial growth modelling: analysis of growth patterns
Use of Excel for growth forecasting
DCF valuation

DAY 5 : Analysis and Interpretation of Financial Reports

The contents of the published annual report
Recent developments in financial reporting
Interpretation of financial statements
Common size analysis
Ratio analysis, including the Dupont system
Profitability ratios
Liquidity ratios
Efficiency ratios
Capital structure ratios
Investment performance ratios
Measuring performance – cash ratios or profit ratios?
Value Added analysis
Segmental analysis
The shortcomings of financial statements, for interpretation purposes
Predicting corporate failure
Non-financial factors
General financial management issues
The effect of poor liquidity
Post balance sheet events and contingencies
The auditors report
Failure-predicting ratios
Multivariate failure predicting models – Altman Z score
Integrated financial accounting case study

The European Quality Training and Management Consultancy adopts modern methods of training and raising the efficiency of human resources development, so we follow:

Theoretical lectures through PowerPoint presentations and Visual presentations (videos and short films).
Scientific evaluation for the trainee (pre & post-evaluation).
Brainstorming, application and representation of roles.
Practical situations that are appropriate to the scientific material and with the nature of the work of trainees.
Tests at the end of the course.
The participant receives the scientific and practical material for the training program printed and saved on CD or Flash Memory.
Attendance reports for participants and final results reports with general evaluation of the program.
The scientific material of the training program is prepared in a scientific and professional manner, this is done by the best professors and trainers in all fields and all specialties.
At the end of the program, the trainee will receive a certificate of professional attendance, signed and certified by the European Quality Center for Training and Consulting.
Opening hours from 09.00 am to 02.00 pm, the program includes a snack buffet during the lectures.
Daily buffet food throughout the days of the training program, with a closing lunch on the last day of the training program for the distribution of certificates and commemorative photographs to the attendees
The terms and conditions for registration, payment and cancellation apply to all training programs. To see the conditions, please visit the following link, click here and your registration in any training program means your acceptance of the terms and conditions for registration, payment and cancellation
The terms and conditions of the training programs venue apply to all programs, and your registration in any training program means your acceptance of these terms and conditions
All prices on the site do not include the 5% VAT

Registration policy

European Quality Training and Management Consultancy rejects any registration application from any client without a recommendation letter addressed to European Quality Training and Management Consultancy by human resources department or training department of the applicant's employer.
To register for any training program, the deadline is before the training program start by 21 days, and any application after this date is rejected, except for who are accepted according to European Quality Training and Management Consultancy terms and conditions.
European Quality Training and Management Consultancy has the right to accept or reject any registration application without explaining any reasons.
The deadline for registration in any training program is 14 days before the start of the program and no registration is accepted after that, except for those who are approved according to the terms and conditions of the European Quality Training and Management Consultancy or with official approval and confirmation of registration issued by the European Quality Center for Training and Management Consulting
European Quality Training and Management Consultancy does not adopt the policy of the minimum number of participants in the training program if it is not stated explicitly in the terms of the program contract between the trainee or his work and between the European Quality Training and Management Consultancy of training and consulting
European Quality Training and Management Consultancy has the right to change, modify, or update this policy without prior notice, and the client has to review our policy before registering for any training program.
By registering for any of our training programs, you agree to our policy.

Price and payment policy

All prices shown on European Quality Training and Management Consultancy website are for joining training programs, excluding (hotel bookings for trainees - flight tickets - transportation - travel insurance - and any other special needs of travelers).
The training programs prices shown on European Quality Training and Management Consultancy include only (attending the program, practical and scientific material, coffee breaks, and a certificate after completing the training program.)
If the registration is personal by the client, then he has to pay the training program fees before the starting date by 21 days, via bank transfer to European Quality Training and Management Consultancy account.
If the registration is under an official letter issued by the trainee's employer, then the employer is responsible for paying the training program fees and European Quality Training and Management Consultancy has the right to claim the program fees before its starting date.
The trainee's employer is obliged to send the fees to European Quality Training and Management Consultancy account within a period of 90 days at maximum, from the program ending date.
European Quality Training and Management Consultancy has the right to change, modify, or update this policy without prior notice, and the client has to review our policy before making any deal.
By registering for any of our training programs, you agree to our policy.

Cancellation policy

The client do not has the right to cancel his reregistration before the starting date by less than 21 days. If the client cannot attend the training program for any reason, he can attend another training program at any other time, and he shall not be entitled to claim to European Quality Training and Management Consultancy any money or compensation in any way.
European Quality Training and Management Consultancy is entitled to cancel the registration of any participant in any training program without explaining the reasons, in accordance with European Quality trends and policy.
European Quality Training and Management Consultancy is entitled to confirm the registration according to its status and provide seats according their general policy.
European Quality Training and Management Consultancy is entitled to cancel any training program and is committed to refund all fees paid by the clients.
European Quality Training and Management Consultancy is entitled to change the training program venue as required without explaining any reasons, and they are not committed to refund any paid fees if the client cannot attend the program or the new venue is not suitable for the trainee's employer because of an emergent change of the venue, and the paid fees are saved in the client's account and can be used for registration for other training programs at another time.
European Quality Training and Management Consultancy has the right to change, modify, or update this policy without prior notice, and the client has to review our policy before asking for cancelation.
By registering for any of our training programs, you agree to our policy.

Discount policy

The European Quality Training and Management Consultancy offers special prices on some training programs for groups to participate in the programs (more than three participants in the program) starting from 20% and up to 40% of the basic price of the program and the discount rate is approved according to a technical and financial offer addressed to the trainee's work, showing details The program, the date of the meeting and the discount rate. When the price is approved after the discount, the new price of the program will be clarified on the website. It is available to all customers who wish to take advantage of the new price and participate in the activities of the training program
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