The Preparation and Design of Financial Reporting Systems

12-04-2020 - 16-04-2020 3300 Dubai


Course 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.


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
  • 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


Course Methodology:


A variety of methodologies will be used during the course that includes:

·         (30%) Based on Case Studies

·         (30%) Techniques 

·         (30%) Role Play

·         (10%) Concepts

·         Pre-test and Post-test

·         Variety of Learning Methods

·         Lectures

·         Case Studies and Self Questionaires

·         Group Work

·         Discussion

·         Presentation


Course Fees:


This rate includes participant’s manual, Hand-Outs, buffet lunch, coffee/tea on arrival, morning & afternoon of each day.


Course Timings:


Daily Course Timings:

    08:00 - 08:20       Morning Coffee / Tea

    08:20 - 10:00       First Session

    10:00 - 10:20       Coffee / Tea / Snacks

    10:20 - 12:20       Second Session

    12:20 - 13:30       Lunch Break & Prayer Break

    13:30 - 15:00       Last Session

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