Preparing and Analyzing of The Financial Statements According to IFRSs

Overview:

The analytical framework of this dynamic training course involves analyzing and linking six elements:

• Competitive dynamics within an industry.
• Preparation of the financial statements.
• Accounting and financial reporting quality.
• Financial analysis.
• Forecasting future earnings and cash flows.
• Decision-making (such as firm valuation and other types of financial decisions).

Main Topic

• Introduction to preparation of financial statements: IAS1, IAS2, IAS7, IAS16, IAS36, IFRS9 & IFRS16.
• The importance of financial statements.
• Introduction to complete set of financial statements.
• The updates on financial statements.
• Preparing the financial statements: Statement of financial position, statement of comprehensive income, statement of cash flows.
• Reading the items in financial statement in the right way.
• Linking between figures in financial statements.
• The need of comparative analysis.
• Identify the tools of financial statement analysis.
• Describe and apply horizontal and vertical analysis.
• Statement of cash flow (SCF).
• Operating activities.
• Investing activities.
• Financing activities.
• Preparing the statement of cash flow under the indirect method.
• Financial ratios.
• Identify and compute ratios used in analyzing a firm’s liquidity, profitability and solvency.

Objectives:

• Prepare the financial statements: SFP, SCI & SCF.
• Enhance their ability and efficiency in extracting and using accounting information contained in company annual reports.
• Develop skills for analyzing a firm’s profitability and risk.
• Understand the use of financial analysis tools.
• Practice in practical financial Ratio analysis.
• Interpret of ratios outcomes.
• Understand the cash flow forecasting and learn how to prepare forecasted financial statements.
• Develop the decision-making skills based on financial analysis.

Target Audience:

• Financial Analyst.
• Financial Managers.
• Chief Accountants.
• Business Analysts.
• For all preparers of Financial Statements.