The Preparation and Design of Financial Reporting Systems

Start Date End Date Venue Fees (US $)
30 Nov 2025 Riyadh, KSA $ 3,900 Register

The Preparation and Design of Financial Reporting Systems

Introduction

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.

Objectives

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

    • Recognize important financial accounting topics and how to report them on financial statements.
    • Properly account for assets, liabilities, equity, revenues and expenses.
    • Prepare financial statements with the required notes and disclosures in periodic financial reports.
    • Recognize the need for transparency in reporting of financial statements and management reports.
    • Determine the structure, presentation and disclosure of financial statements and annual reports.
    • Interpret and report income statement and balance sheet accounts.

Training Methodology

This is an interactive course. There will be open question and answer sessions, regular group exercises and activities, videos, case studies, and presentations on best practices. Participants will have the opportunity to share with the facilitator and other participants on what works well and not so well for them, as well as work on issues from their own organizations. The online course is conducted online using MS-Teams/ClickMeeting.

Who Should Attend?

Professionals in the field of finance and accounting, accountants at all levels seeking to enhance practical finance and accounting knowledge, certified financial and accounting personnel.

Course Outline

Financial Statements and Business Decisions

  • Accounting and Financial Systems
  • Four Key Financial Statements
  • The relationship among the Financial Statements
  • Management Uses of Financial Statements

The Need for Financial Reporting

  • The Evolving Role of Financial Accountants
  • Transparency in Financial Reporting
  • The Concept of Quality of Earnings
  • Corporate Annual Reports
  • Segment Reporting and Analysis
  • Management Discussion and Analysis

Reporting and Interpreting Sales Revenue, Receivables, and Cash

  • Accounting for Sales Revenues, Sales Discounts, and Sales Returns
  • Measuring and Reporting Receivables
  • Cash and Cash Equivalents

Reporting and Interpreting Cost of Goods Sold and Inventory

  • Nature of Inventory and Cost of Goods Sold
  • Inventory Costing Methods
  • Inventory Valuation and Write Down

Reporting and Interpreting Property, Plant and Equipment; Natural Resources and Intangibles

  • Classifying Long-Lived Assets
  • Measuring and Recording Fixed Assets
  • Accounting for Subsequent Costs of Repairs, Maintenance, and Additions
  • Depreciating and Amortization
  • Accounting for Disposal of Assets
  • Reporting and Accounting for Intangibles
  • Accounting for Natural Resources

Reporting and Interpreting Liabilities

  • Liabilities Defined and Classified
  • Accounting for Contingent Liabilities

Reporting and Interpreting Owners' Equity

  • Ownership of a Corporation
  • Types of Capital Stock
  • Accounting for Capital Stock
  • Stock Splits and Dividends
  • Accounting for Treasury Shares

Reporting and Interpreting Investments

  • Types of Equity and Debt Investments
  • Accounting for Investments
  • Fair Value and Equity Methods

Accreditation

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