Financial Statements and Annual Report: A Complete Excellence Program
Program Overview
This intensive, hands-on program is designed to equip participants with the essential knowledge and practical skills required to prepare, present, and analyze financial statements and the annual report in line with international standards. Through guided workshops, participants will master each stage of the accounting cycle, from transaction recording and adjustments to final statement preparation and note disclosures.
Program Objectives
By the end of this program, participants will be able to:
* Practically apply every stage of the accounting cycle with accuracy.
* Perform and record all types of accounting adjustments including deferrals and accruals.
* Create and reconcile trial balances and adjusted trial balances.
* Design and map a chart of accounts to financial statements.
* Prepare complete financial statements — Income Statement, Balance Sheet, and Cash Flow Statement.
* Formulate and present accompanying notes to the financial statements in compliance with reporting standards.
Program Outline
Module 1: The Accounting Cycle Mastery
* Understanding the full accounting cycle and its importance.
* Identifying and organizing supporting documents.
* Analyzing transactions and recording in the accounting system.
* Preparing ledgers and general ledgers (GL).
* Converting the GL into a Trial Balance (TB).
* Adjusting entries: types, purpose, and procedures.
* Preparing the Adjusted Trial Balance (ATB).
* Mapping the ATB to financial statements.
* Preparing financial statements and closing the books.
* Preparing the Post-Closing Trial Balance (PCTB).
Module 2: Chart of Accounts – Design and Implementation
* The role and structure of a Chart of Accounts (COA).
* Key principles in designing a flexible and efficient COA.
* Maintaining and analyzing the Chart of Accounts.
* Creating and reconciling the Trial Balance.
* Addressing reconciliation issues and ensuring data integrity.
Module 3: Accounting Adjustments and Corrections
* Understanding deferrals and accruals.
* Recording deferred revenues and deferred expenses.
* Adjusting for accrued revenues and accrued expenses.
* Managing other adjustments and correction entries.
* Preparing the Adjusted Trial Balance and ensuring accuracy.
Module 4: Preparing Financial Statements
* Mapping the Adjusted Trial Balance to financial statements.
* Preparing and interpreting the Income Statement.
* Preparing the Balance Sheet and classifying assets, liabilities, and equity.
* Preparing the Cash Flow Statement using direct and indirect methods.
* Preparing the Statement of Changes in Equity.
* Reading and interpreting the Audit Opinion for compliance and assurance.
Module 5: Notes to the Financial Statements and Annual Report
* Understanding the importance and requirements of notes.
* Structuring and organizing the Notes to the Financial Statements.
* Basis of preparation and disclosure requirements.
* Presenting significant accounting policies and conventions.
* Recognizing the use of estimates and key assumptions.
* Finalizing and compiling the full set of Financial Statements with accompanying Notes and Report.
Key Takeaways
* End-to-end understanding of the financial reporting process.
* Confidence in preparing and presenting compliant financial statements.
* Practical experience with real-world accounting data and documentation.
* Enhanced ability to communicate financial performance through professional reporting.
Enquiries and Registration
Enquiry at : admin@keleaders.com
Whatsapp: 0044 790 125 9494
For more details visit our website : www.keleaders.com
