Advanced Financial Accounting
Duration : 5 days
This training focuses on Financial Accounting, which records an enterprise's financial position, performance, and cash flows according to accounting standards. It highlights the importance of financial accounting for all stakeholders. This 7-day course covers current and complex financial accounting topics, explaining both practices and relevant accounting standards to develop a thorough and critical understanding of accounting principles, concepts, and regulations.
Learning Objectives
Evaluate the financial health of a business using financial statements.
Discover how balance sheets, income statements, and cash flow statements are developed and how each interact.
Prepare and evaluate financial forecasts to make strategic decisions.
Training Program
The Cash Budget
Understanding Accounting for Managers
Core Accounting Concepts
Receipts and Payments Timing
Gross Profit and Margin Calculation
Budgets and Performance Management
Responsibility Centres and Their Roles
Principles of Controllability
Measuring Profit-Related Performance
Standard Costing and Variance Analysis
Managing Performance in Investment Centres
Indicators of Non-Financial Performance
Using the Balanced Scorecard
Performance Metrics in Non-Profit Organisations
External Factors Impacting Performance
Introduction to the Statement of Profit and Loss
ยท How to Measure Profit
Basics of Double-Entry Bookkeeping
Different Types of Accounts
Preparing a Trial Balance
Differentiating Capital and Revenue Expenditure/Income
Cost of Sales Calculation
Balancing the Basics
Understanding Assets and Liabilities
The Statement of Financial Position Explained
Managing Accruals and Prepayments
Accounting for Depreciation and Bad Debts
Depreciation Using the Straight-Line Method
Depreciation Using the Reducing-Balance Method
Handling Disposals of Non-Current Assets
Accounting for Bad and Doubtful Debts
Evaluating the Statement of Financial Position
Company Finance
Characteristics of Limited Companies
Understanding Share Capital
Role of the Stock Exchange
Introduction to Venture Capital
Loan Capital and Debentures Overview
Utilizing Retained Profits
Compliance with Reporting Requirements
Company Accounts
Components of the Statement of Profit or Loss
Statement of Changes in Equity
Analyzing the Statement of Financial Position
Valuing Intangible Assets
Revaluation of Assets
Components of the Statement of Comprehensive Income
Principles of Corporate Governance
The Statement of Cash Flows
Identifying Sources of Cash Flow
Impact of Non-Current Assets on Cash Flows
Changes in Working Capital
Accounting for Tax, Interest, and Dividends
Key Insights from the Statement of Cash Flows
Strategies for Cash Management
Interpreting Financial Statements
Techniques for Ratio Analysis
Understanding the Pyramid of Ratios
Analyzing Profitability Ratios
Liquidity Ratios Examination
Effective Working Capital Management
Understanding the Working Capital Cycle
Capital Structure and Investment Ratios
Overview of Capital Structure
Key Investment Ratios
Recognizing Limitations of Ratio Analysis
Transfer Your training path continues in your participant space. Log in to access resources, self-assess your skills acquired during your training, and facilitate the implementation of your commitments in your professional context.
Key Points
Numerous practical examples illustrating the different studied concepts
Practical cases carried out in Excel by the participants at each key stage of the training
Who Should Attend This Training
Accountants
Auditors
Mission Managers in Accounting Firms
Staff from the accounting and finance function
New accounting staff
Non financial executives and managers
Prerequisities
None
Teaching Methods
Training structured around skill transfer
Acquisition of operational skills through practice and experimentation
Collaborative learning during synchronous sessions
Multi-stage learning path to allow engagement, learning, and transfer
Training promoting participant engagement for better anchoring of lessons
Satisfaction and Evaluation
Skill evaluation will be conducted throughout the training by the participant (self-evaluation) and/or the trainer according to the training methods.
Online training evaluation on your participant space:
Immediate evaluation at the end of the training to measure your satisfaction and perception of skill improvement against training objectives. With your agreement, your overall rating and comments will be published on our site via Verified Reviews.
Post-training evaluation 40 days later to validate the transfer of your acquired skills in the workplace
Attendance tracking and issuance of an individual training certificate or a certificate of completion
LONDON
128 City Road, EC1V 2NX London
PARIS
38 Rue Boulard, 75014, Paris