Finance is the study of how people allocate their assets over time under conditions of certainty and uncertainty.
Banking can be defined as the business activity of accepting and safeguarding money owned by other individuals and entities, and then lending out this money in order to earn a profit.
Course Title: Preparation and Interpretation of Financial Statements
Venue: Kampala, UGANDA
Learning Duration: 3 Weeks
Starting: 9 Jul 2018 Ending: 27 Jul 2018
Fees: 2200 USD
Payment Details: To cover tuition and training materials only.
Never before has the field of accountancy been faced with many challenges as it is today especially in the preparation of financial statements where many changes have been taking place in the reporting requirements. Yet the statements are the windows through which those within communicate with those outside. There is a relationship between the way the financial statements are prepared and users’ various economic decisions in such areas as investment acquisition or disposal. While it is prudent for those within to make quality statements in particular appreciating the rules governing the preparation and presentation, it is also prudent for the users to appreciate the statements especially their meaning and implication on their economic decisions.
WHO SHOULD ATTEND?
Managers, Finance managers, Accountants, Internal auditors, Non-Finance managers and officers interested in hands-on skills in areas such as preparation and interpretation of financial statements.
HOW PARTICIPANTS WILL BENEFIT
At the end of the course participants will be able to:
Prepare financial statements;
Examine the importance of accounting standards and their implication;
Explain the benefits of quality financial statements;
Identify the concerns and needs of users of financial statements;
Appreciate the importance of governance in financial reporting and financial management;
Examine the role of financial controls;
Explain the modern accounting and implication on the firm survival.
The accounting conventions;
Regulatory framework of accounting
Overview is IAS/IFRS/IPSAs relevant for the preparation and presentation of the financial statements;
Professional ethics (ethical, legal and social issues);
Fraudulent financial reporting;
Reporting: Triple bottom line
Governance and financial management
The main financial statements and how to prepare them;
Practical issues in the presentation of the main financial statements;
Financial statements analysis and the appraisal of company's performance
Tax and tax trend in financial management;
Financial control system;
Recent trends and future changes in financial reporting.