Financial Accounting Course with IFRS & Reporting Skills

Overview

📝 Course Description

This course provides a comprehensive understanding of financial accounting principles and reporting frameworks, focusing on the preparation, interpretation, and analysis of financial statements. It equips participants with the skills to ensure compliance with international standards (e.g., IFRS), enhance transparency, and support decision-making through high-quality financial information.

🎯 Learning Objectives

By the end of the course, participants will be able to:

Understand the key principles of financial accounting
Prepare and analyze balance sheets, income statements, and cash flow statements
Apply IFRS standards to financial reporting
Identify and adjust for accounting estimates, judgments, and errors
Communicate financial reports effectively to stakeholders

👥 Who Should Attend

Accountants and Finance Officers
Financial Analysts
Auditors
Controllers and Reporting Staff
Budget and Planning Personnel
Anyone involved in preparing or reviewing financial statements

🧠 Training Methodology

Instructor-led lectures and group discussion
Case studies and hands-on exercises
Financial statement walkthroughs
Interactive reporting simulations

📅 5-Day Course Agenda with Time Breaks

📘 Day 1: Introduction to Financial Accounting

Time	Topic
08:30–09:00	Registration and Course Introduction
09:00–10:30	Overview of Financial Accounting: Purpose and Principles
10:30–10:45	☕ Coffee Break
10:45–12:15	Accounting Cycle: From Transactions to Financial Statements
12:15–13:15	🍽️ Lunch
13:15–14:45	Double-entry Accounting and Ledger Posting
14:45–15:00	☕ Coffee Break
15:00–16:30	Accrual vs Cash Accounting and Adjusting Entries

📗 Day 2: Key Financial Statements

Time	Topic
08:30–10:00	Balance Sheet: Structure, Assets, Liabilities, and Equity
10:00–10:15	☕ Coffee Break
10:15–12:15	Income Statement: Revenue Recognition and Expense Matching
12:15–13:15	🍽️ Lunch
13:15–14:45	Cash Flow Statement: Operating, Investing, Financing Activities
14:45–15:00	☕ Coffee Break
15:00–16:30	Interrelationship Between the Three Financial Statements

📙 Day 3: IFRS and Financial Reporting Frameworks

Time	Topic
08:30–10:00	Overview of IFRS and Key Accounting Standards
10:00–10:15	☕ Coffee Break
10:15–12:15	IFRS 15 (Revenue), IFRS 16 (Leases), IFRS 9 (Financial Instruments)
12:15–13:15	🍽️ Lunch
13:15–14:45	Recognition, Measurement, and Disclosure Rules
14:45–15:00	☕ Coffee Break
15:00–16:30	Reporting for Property, Plant, Equipment, and Intangible Assets

📕 Day 4: Advanced Financial Accounting

Time	Topic
08:30–10:00	Consolidated Financial Statements and Subsidiaries
10:00–10:15	☕ Coffee Break
10:15–12:15	Accounting for Joint Ventures, Associates, and Investments
12:15–13:15	🍽️ Lunch
13:15–14:45	Accounting Errors, Estimates, and Restatements
14:45–15:00	☕ Coffee Break
15:00–16:30	Disclosure Notes and Annual Report Components

📒 Day 5: Financial Analysis and Reporting Practices

Time	Topic
08:30–10:00	Financial Statement Analysis: Ratios, Trends, and Common Sizing
10:00–10:15	☕ Coffee Break
10:15–12:15	Ethical Reporting and Governance Issues
12:15–13:15	🍽️ Lunch
13:15–14:45	Reporting to Stakeholders: Boards, Regulators, Public
14:45–15:00	☕ Coffee Break
15:00–16:30	Final Case Study, Assessment, Q&A, and Course Wrap-up

🎓 Deliverables

Course Manual and Handouts
Excel-based Financial Templates
IFRS Summary Sheets
Final Quiz and Feedback
Certificate of Completion

Target audiences

Reservoir Engineers, Geologists

Financial Accounting Course with IFRS & Reporting Skills

$ 5,800

Course Features