Preparation and Review of Financial Statements and Analysis of Financial Health

Preparation and Review of Financial Statements and Analysis of Financial Health

Course Overview

This 5-day course is designed to equip professionals with the essential skills and knowledge required for the preparation and review of financial statements, as well as the analysis of financial health. The course covers key accounting principles, financial reporting standards, and analytical techniques that enable participants to assess the financial performance and position of an organisation effectively.

Target Audience

• Finance professionals and accountants
• Business managers and executives
• Auditors and compliance officers
• Financial analysts and consultants

Course Objectives

• To understand the principles and practices of financial statement preparation
• To gain proficiency in reviewing and interpreting financial statements
• To apply financial analysis techniques to assess organisational health
• To identify potential financial risks and opportunities
• To enhance decision-making skills based on financial data analysis

Day-by-Day Course Outline

Day 1: Fundamentals of Financial Statements

• Introduction to financial accounting principles
• Overview of key financial statements: Balance Sheet, Income Statement, Cash Flow Statement
• Understanding the accounting cycle and double-entry bookkeeping
• The importance of accuracy and integrity in financial reporting

Learning Outcome:

Develop a solid understanding of the core financial statements and the accounting principles underlying them.

Day 2: Preparation of Financial Statements

• Detailed preparation of the Balance Sheet
• Constructing the Income Statement
• Cash Flow Statement preparation and analysis
• Common errors in financial statement preparation and how to avoid them

Learning Outcome:

Gain hands-on experience in preparing comprehensive financial statements.

Day 3: Review and Interpretation of Financial Statements

• Key metrics and ratios for financial statement analysis
• Common size analysis and trend analysis
• Identifying red flags in financial statements
• Reviewing notes and disclosures for hidden insights

Learning Outcome:

Acquire the skills to effectively review and interpret financial statements for better financial oversight.

Day 4: Financial Health Analysis

• Ratio analysis: liquidity, solvency, profitability, and efficiency
• Comparative financial analysis: benchmarking against industry standards
• Assessing cash flow and working capital management
• Analysing financial statements for strategic decision-making

Learning Outcome:

Learn how to assess the financial health of an organisation using key financial ratios and analytical tools.

Day 5: Risk Management and Decision Making

• Identifying financial risks and mitigating strategies
• Scenario analysis and stress testing
• Integrating financial analysis with business strategy
• Case studies on financial health assessment and decision-making

Learning Outcome:

Enhance your ability to manage financial risks and make informed decisions based on thorough financial analysis.

By the End of the Course, Participants Will Learn:

• The principles and practices involved in preparing accurate and reliable financial statements.
• Techniques for reviewing and interpreting financial statements to uncover key insights.
• Methods for conducting a comprehensive financial health analysis of an organisation.
• How to identify and mitigate financial risks through informed decision-making.
• Practical skills in using financial data to support strategic business objectives.

Course Delivery Methods

• Lectures and practical demonstrations
• Group discussions and interactive sessions
• Hands-on exercises in financial statement preparation
• Case study analysis and real-world applications
• Expert feedback and peer reviews

Course Dates and Venue locations:

The Certificate:

After attending and completing the entire ARUK training course, delegates will be issued a Certificate of Completion.

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4500 £ (Inc. VAT)