Day 1: Fundamentals of Financial Accounting
Overview of financial accounting principles and frameworks (IFRS, GAAP).
The accounting cycle: From journal entries to financial statements.
Understanding and preparing the balance sheet, income statement, and cash flow statement.
Key concepts: Accrual accounting, double-entry bookkeeping, and matching principles.
Day 2: Best Practices in Financial Reporting
Preparing high-quality financial statements: Accuracy and transparency.
Complying with international reporting standards.
Role of technology and software in financial reporting.
Identifying and rectifying common reporting errors.
Day 3: Financial Analysis and Interpretation
Ratio analysis: Liquidity, profitability, and efficiency ratios.
Trend analysis and comparative financial statement analysis.
Evaluating financial health for decision-making.
Case studies: Analyzing real-world financial statements.
Day 4: Advanced Accounting Methods and Procedures
Handling complex accounting scenarios (e.g., mergers, consolidations).
Accounting for assets, liabilities, and equity in modern businesses.
Revenue recognition and expense management best practices.
Ethical accounting: Identifying and mitigating risks of financial fraud.
Day 5: Financial Reporting for Strategic Decision-Making
Leveraging financial data for business strategy and growth.
Budgeting, forecasting, and financial planning techniques.
Ensuring compliance with regulatory updates and changes.
Developing a roadmap for continuous improvement in accounting practices.
