17th May - 21st May 2021 (London, UK) 2nd August - 6th August 2021 (London, UK) 1st November - 5th November 2021 (London, UK)

Course Overview

Course is designed for those in Finance/Accounts/Planning departments,especially those with direct responsibilities for generating financial statements

Learning Outcome

At the end of this course delegates will be better able to:

• Identify  the  various  user  groups  which  need  accounting  information  and  the qualitative characteristics of financial statements.
• Identify the underlying assumptions, policies and changes in accounting estimates.
• Identify the basic methods of valuing assets on current cost, fair value and value in use bases, and their impact on profit measures and balance sheet values.
• Explain the influence of  legislation  (e.g.  Companies  Acts, EC  directives)  and international accounting standards(IAS),International Financial Reporting Standard (IFRS) on the production of published accounting information for organizations.

• Prepare income statements, statement of changes inequity and balance sheets from trial balance.
• Prepare accounts from incomplete records.

Indicative Contents

Conceptual and regulatory frame work

• Overview of financial accounting
• Conceptual framework of accounting
• Accounting systems
• Accounting regulation
• Preparation of accounts
• Incomplete record techniques
• Preparation of final financial reports
• New developments in IFRS
• Financial planning and control