Preparing Financial Statements and the Annual Report

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.

This course covers theoretical core topics in addition to introducing Excel for the preparation of financial statements. It also features the study of real life cases and presentations by participants.

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

• Explain each part of the accounting cycle
• Design effective chart of accounts
• Perform accounting adjustments including deferrals and accruals
• Create trial balance and adjusted trial balance
• Describe and map charts of accounts to the financial statements
• Prepare and present income statements, balance sheets, and cash flow statements
• Formulate notes to the financial statements

Senior and junior accountants, accounting and finance professionals, chief accountants, accounting managers and supervisors, financial controllers and any accounting and finance professionals interested in learning and updating their knowledge regarding the preparation of financial statements and notes.

• Understanding the accounting cycle
• Designing chart of accounts
• Performing accounting adjusting entries
• Preparing and analyzing income statements
• Preparing and analyzing balance sheets
• Preparing and analyzing cash flow
• Reviewing and understanding financial statements notes
• Utilizing Excel functions

This is a hands-on training course using laptops, which will be made available by Arab for the duration of the course.