By the end of this programme, participants will:
- Have greater awareness of International Accounting Standards (IASs) and the latest developments in this area
- Be aware of the different sources of funding available to companies and the implications of each
- Have greater understanding of financial statements and how to interpret these
- Be able to appraise capital expenditure using a variety of tools and techniques
- Be aware of the latest developments in financial reporting
DAY 1
Introduction to Financial Reporting
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- The International Standard Setting Process
- The International Accounting Standards Committee (IASC)
International Accounting Standards (IAS)
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- Main content of IASs and how they differ from national standards
- Latest developments in IASs and their use worldwide
- GAAP Accounting
DAY 2
Sources of Funding
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- Share Capital
- Loan Capital
- Retained Profits
Use of Funds
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- Fixed Assets
- Products and Services: Working Capital
- Working Capital: Credit
- Working Capital Cycle
- Control of Working Capital
- Exercise
DAY 3
What Information Will I Find in the Accounts?
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- The Profit and Loss Account
- The Balance Sheet
- The Cash Flow Statement
- The Statement of Total Recognised Gains and Losses
- The Note of Historical Cost Profits and Losses
- Other Accounts Information
- Exercise
Interpretation of Financial Statements
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- Earnings per Share and Limitations of Using Earnings per Share as a Measure of Company Performance
- Ratio Analysis:
- The Use, Implications, and Limitations of Financial Ratios
- Performance, Profitability, and Activity
DAY 4
Interpretation of Financial Statements (Continued)
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- Gearing
- Stock Market Ratios
- ‘Not for Profit’ Organisations
- Trend Analysis
- Interpretation of Cash Flow Data
- Cash Flow Forecast
- Case Studies
DAY 5
Capital Expenditure Appraisal
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- Accounting Rate of Return
- Payback Period
- DCF Techniques
- Net Present Value
- Sensitivity Analysis
Developments in Financial Reporting:
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- Review of Programme
- Personal Action Plan
