Accounting & Financial Statement Analysis Course

Understanding Financial Statements and Analysis: A Key to Business Performance Evaluation

Accounting is the process of recording and summarizing financial transactions, and reporting them to oversight agencies, regulators, and tax authorities. Financial statements are a summary of a company's financial transactions over a period of time. Financial statements provides an overview of a company's operations, financial position, and cash flow.

Financial statement analysis is the process of analyzing a company's financial statements to make decisions. External stakeholders use it to understand the company's overall health and performance. Internal stakeholders use it to monitor the company's finances.

What Makes This Course different From Other Financial Accounting Training Courses

Targeted Audience for This Financial Statement Analysis Training Course

• Financial Analysts.
• Accountants.
• Auditors.
• Business Analysts.
• Financial Controllers.
• Financial Managers.
• CFO's.
• Investment Bankers.
• Equity Research Analysts.
• Investors.
• Entrepreneurs & Business Owners.

Targeted Organizational Departments for This Financial Statement Analysis Training Course

• Finance Department.
• Accounting Department.

Targeted Industries for This Financial Statement Analysis Training Course

• Accounting and Finance are needed at every sector. whether it is IT, manufacturing, military, or health care.

Learning Outcomes:

By the End of This Course Participants Will Be Able to:

• Understand the fundamental concepts of accounting, bookkeeping in depth.
• Learn how to prepare an income statement accounting 101.
• Learn how do you prepare a balance sheet.
• Master the Main Accounting Equation.
• Acknowledge the importance of bookkeeping.
• Acknowledge all the stakeholders of financial reports.
•  Practice in detail the three main financial statements and their key elements.
• Understand the basic principles that are used in recognition and accounting for revenues and expenses.
• Carryout the process involved in accounting from transaction to final statements.
• Build a Financial Statement effectively.
• Master the principle of accruals accounts and distinguish between accrual and cash principles.
• Create a cash flow statement effectively .
• Master the Financial Reporting skills and the financial reporting interpretation using ratio analysis.
• Understand bookkeeping records in depth.
• Build Income Statements & Balance Sheets effectively.
• Understand the accounting equation and the principle of double entry.
• Account for the difference between income and cash.
• Navigate through Financial Reports with ease.
• Perform Vertical and Horizontal Analysis.
• Calculate Liquidity, Solvency, Profitability and Growth ratios effectively.
• Analyze a company's financial performance based on its annual report.

Course Toolbox

• Course Material.

• Financial Equations & Accounting Templet.

• A Group of Exercises.

• Many Case Studies.

Training Methodology:

Training is undertaken through lectures assisted by audio & visual presentations. Trainee participation is ensured through assignments. Case studies also will be discussed to help the trainees with the training content.

Trainees are encouraged to share experiences from their workplace. Real Life Experiences are discussed in detail by the trainer to encouraging learning by example.

Course Agenda

Day (1) What is Accounting & Why It is Important

• Financial Accounting – Financial Reporting training.
• The Main Financial Statements.
• Income Statement Items.
• Types of Revenue Model - Practical Exercise.
• Understanding the Types of Expenses.
• Revenue and Expense Recognition Principle - Why Is it so Important?
• Income Taxes & Main Profit and Loss Account Formats.
• Understanding the Balance Sheet Items.
• Importance of Bookkeeping - Good Accounting Records.
• What is the difference between Depreciation and Amortization.
• Historical Cost vs. Fair Value Accounting.
• Тypes of Assets - Practical Example.
• Тypes of Liabilities - Practical Example.
• Types of Equity - Practical Example.

Day (2) Building a Solid Foundation: Core Accounting Principles 

• The Main Accounting Equation and How It Stays in Balance.
• General & Subsidiary Ledgers.
• Understanding Debits and Credits! Balance Sheet T-Account.
• Income Statement T-Accounts.
• The Cornerstone Principle of Accounting - Double Entry Bookkeeping Accounting.
• Practical Training: A Case Study.
• Bookkeeping Entries + Building a P&L & a Balance Sheet.

Day (3) Preparing A Cashflow Statement: Understanding Cash Flow Analysis

• The Importance of Timing: Revenue and Expense Recognition.
• The Difference Between Cash Flow and Revenue.
• The Timing of Payments.
• The Four Types of Accruals Arising in Accounting Transactions.
• how to calculate cash flow statement 
• The Three Parts of Cash Flow Statement explained.
• Cash Flow Computations - The Direct Method.
• Cash Flow Computations - The Indirect Method.
• Calculating Cash Flow in Practice: A Complete Example.

Day (4) The Financial Reporting & Financial Statement Analysis

• Introduction to Financial Statements.
• Practical Training - A Financial Report.
• Who is responsible for preparing and verifying the Annual Report.
• The Financial Statement Analysis Framework: The Four Key Dimensions.
• Calculating Subtotals, Totals and Year-on-Year Growth.
• Key Mechanics of Financial Statement Analysis.
• Performing A Meaningful Analysis.
• Using Different P&L and Balance Sheet Formats.
• Horizontal and Vertical Analysis.
• An Introduction to the "Days" Methodology: Understanding Working Capital Trends.
• Financial Ratios Every Investor Should Use: Understanding Financial Ratios.
• Practical Training.

Day (5) Practical Training

• Practical Sessions

 Is This a Financial Reporting Training Course ?

Financial reporting is a process that includes documenting and communicating a company's financial activities. It also shows company's performance over specific time periods. Financial reports are used to organize accounting data. It also helps reporting on current financial status.

Financial reports are essential for projections of future profitability, industry position and growth. There are several primary statements used in financial reporting. These includes tracking cash flow, evaluating assets and liabilities, analyzing shareholder equity and measuring profitability.

What Makes This An Accounting & Financial Statement Analysis Complete Training Course?

More concepts, phenomenon, and terms will be explained in this course. These include;

• The Main Accounting Equation and How It Stays in Balance.
• General & Subsidiary Ledgers.
• Understanding Debits and Credits! Balance Sheet T-Account.
• Income Statement T-Accounts.
• The Cornerstone Principle of Accounting - Double Entry Bookkeeping Accounting.
• Practical Training: A Case Study.
• Bookkeeping Entries + Building a P&L & a Balance Sheet.
• Calculating and analyzing the growth ratios.
• Calculating and analyzing the profitability ratios. 
• Calculating and analyzing the liquidity ratios.
• Calculating and analyzing the solvency ratios.
• The difference between fixed assets & liquid assets.
• The accounting period and accounting cycles.
• The hidden types of accounts receivable.
• The hidden types of accounts payable.
• The different types of operating expenses.
• The meaning of retained earnings.
• The meaning of intangible assets.
• Deriving cash flow from operations.
• The cost of goods sold concept.
• Dealing with long term debts.