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Course AF-003

Financial Accounting and Reporting

With the rapid developments in accounting standards, regulations, and industry practices, professionals need continuous... The outline covers Financial Statements and Business Decisions and more, Income Statement & Balan...

  • 5 daysClassroom or online
  • 13Upcoming dates
  • 5Cities
  • €2,125Fees from
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Financial Accounting and Reporting
Next online class Live virtual classroom 14 - 18 December 2026 · €1,815 + VAT Next classroom session Kuala Lumpur 14 - 18 December 2026 · €2,125 + VAT

Your week at a glance

  1. Day 1 Financial Statements and Business Decisions and more
  2. Day 2 Income Statement & Balance Sheet and Statement of Owners' Equity
  3. Day 3 Cash Flow Statement & Accounting Adjustments
  4. Day 4 Financial Reporting for Major Accounts and Transactions
  5. Day 5 Accounting for investments

Choose your format and date

  • 5 days
  • 09:00–14:00
  • Certificate of attendance

Classroom sessions

  1. 14–18 Dec 2026

    Kuala Lumpur

    Next date Lowest fee
    €2,125 + VAT
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  2. 18–22 Jan 2027

    Barcelona

    €2,315 + VAT
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  3. 15–19 Feb 2027

    Paris

    €2,810 + VAT
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  4. 15–19 Mar 2027

    Frankfurt

    €2,275 + VAT
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  5. 19–23 Apr 2027

    Barcelona

    €2,315 + VAT
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  6. 17–21 May 2027

    Frankfurt

    €2,275 + VAT
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  7. 21–25 Jun 2027

    Rome

    €2,430 + VAT
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  8. 19–23 Jul 2027

    Kuala Lumpur

    Lowest fee
    €2,125 + VAT
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  9. 16–20 Aug 2027

    Barcelona

    €2,315 + VAT
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  10. 20–24 Sep 2027

    Paris

    €2,810 + VAT
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  11. 18–22 Oct 2027

    Frankfurt

    €2,275 + VAT
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  12. 15–19 Nov 2027

    Barcelona

    €2,315 + VAT
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  13. 20–24 Dec 2027

    Frankfurt

    €2,275 + VAT
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Online / Live sessions

  1. 14–18 Dec 2026

    Live virtual classroom

    Next date
    €1,815 + VAT
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  2. 18–22 Jan 2027

    Live virtual classroom

    €1,815 + VAT
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  3. 15–19 Feb 2027

    Live virtual classroom

    €1,815 + VAT
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  4. 15–19 Mar 2027

    Live virtual classroom

    €1,815 + VAT
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  5. 19–23 Apr 2027

    Live virtual classroom

    €1,815 + VAT
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  6. 17–21 May 2027

    Live virtual classroom

    €1,815 + VAT
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  7. 21–25 Jun 2027

    Live virtual classroom

    €1,815 + VAT
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  8. 19–23 Jul 2027

    Live virtual classroom

    €1,815 + VAT
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  9. 16–20 Aug 2027

    Live virtual classroom

    €1,815 + VAT
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  10. 20–24 Sep 2027

    Live virtual classroom

    €1,815 + VAT
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  11. 18–22 Oct 2027

    Live virtual classroom

    €1,815 + VAT
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  12. 15–19 Nov 2027

    Live virtual classroom

    €1,815 + VAT
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  13. 20–24 Dec 2027

    Live virtual classroom

    €1,815 + VAT
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Introduction

Course overview

With the rapid developments in accounting standards, regulations, and industry practices, professionals need continuous training to stay current on all the changes. They also need to improve the quality of financial reporting by recording, reporting, and disclosing usual and unusual business transactions. 'Financial Accounting and Reporting' is a course prepared to help professionals understand and practice the accounting and reporting of business transactions and results, aiming to comply with IFRS and support decision-making.

View full course outline

What you will achieve

Learning objectives

  • List the basic financial statements and determine the best structure and presentation practices
  • Explain how to properly account for revenues and expenses, leading to the preparation of an income statement
  • Classify the accounts of assets, liabilities, and equity, leading to the preparation of the balance sheet and statement of owners’ equity
  • Prepare the cash flow statement
  • Apply accounting adjustments required for accurate financial reporting
  • Recognize reporting for major accounts and transactions

Who should attend

Target audience

  • Professionals in finance and accounting, accountants at all levels seeking to enhance practical finance and accounting knowledge, and certified financial and accounting personnel.

Methodology

Learning approach

  • The course uses interactive techniques, such as brief presentations by the consultant, the practical application of theories, and group exercises to exchange experience and apply knowledge acquired throughout the course.

Complete course outline

Five focused days of learning and application

The timings provided are estimates and may vary depending on the number of participants and the discussions taking place during the sessions. They are indicative only and do not constitute a binding commitment.

Day 1

Financial Statements and Business Decisions and more

  1. Financial Statements and Business Decisions
  2. The financial accounting cycle
  3. The four or five key financial statements
  4. Management uses of financial statements
  5. Relationship among financial statements
  6. Essential notes and disclosures to the financial statements
  7. Coffee break
  8. Essential notes and disclosures to the financial statements (continued)
  9. Basis of preparation
  10. Accounting Policies
  11. Related parties' transactions
  12. Commitments and contingencies
  13. Risk management
  14. Subsequent events

Day 2

Income Statement & Balance Sheet and Statement of Owners' Equity

  1. Income Statement
  2. Revenue and expense recognition: Applying the accrual basis
  3. The matching principle between revenues and expenses
  4. Illustration of the income statement
  5. Other comprehensive income components
  6. Earnings per share reporting
  7. Coffee break
  8. Earnings per share reporting (continued)
  9. Balance Sheet and Statement of Owners' Equity
  10. Purpose of the balance sheet
  11. Components of the balance sheet accounts
  12. Illustration of the balance sheet
  13. Minimum presentation requirements of balance sheet accounts
  14. Definitions of accounts in the balance sheet
  15. Correct presentation for statement of owners' equity

Day 3

Cash Flow Statement & Accounting Adjustments

  1. Cash Flow Statement
  2. Purpose of the cash flow statement
  3. Exploring the three sections of a cash flow statement
  4. Direct method cash flow statement preparation
  5. Indirect method cash flow statement preparation
  6. Linking cash flow statements to notes
  7. Coffee break
  8. Linking cash flow statements to notes (continued)
  9. Accounting Adjustments
  10. Accruals and unearned revenues
  11. Prepayments and deferrals
  12. Accounting estimates
  13. Depreciation
  14. Impairment of assets

Day 4

Financial Reporting for Major Accounts and Transactions

  1. Measuring and reporting accounts receivable
  2. Estimating and accounting for bad debts
  3. Costs to be capitalized in inventory value
  4. Inventory cost flow assumptions
  5. Presenting inventory at a lower cost or net realizable value
  6. Coffee break
  7. Presenting inventory at a lower cost or net realizable value (continued)
  8. Classifying, measuring, and recording long-lived assets
  9. Repairs, maintenance, and additions to long-lived assets
  10. Depreciation and amortization
  11. Disposal of long-lived assets
  12. Accounting and reporting for intangibles

Day 5

Accounting for investments

  1. Passive investment, exercising significant influence or control
  2. Types of equity and debt investments
  3. Definitions and classification of liability accounts
  4. Coffee break
  5. Definitions and classification of liability accounts (continued)
  6. Types of ownership and stocks
  7. Accounting for capital and dividends

Ready to book?

Financial Accounting and Reporting

Next session: 14 - 18 December 2026, Kuala Lumpur

Register See all dates

Course FAQs

Questions about this course

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What does Financial Accounting and Reporting (AF-003) cover?

This course covers Accounting and Finance through a structured five-day outline focused on practical application, discussion, and implementation planning.

When is the next available session?

The next scheduled session starts on 14 - 18 December 2026. See the course schedules section for the available dates and delivery formats.

Who should attend this course?

Professionals in finance and accounting, accountants at all levels seeking to enhance practical finance and accounting knowledge, and certified financial and accounting personnel.

Is bilingual course delivery available?

Yes. All course materials and presentations are provided in English, while bilingual explanation and discussion support may be available depending on the selected location and trainer availability. For example, when attending a course in Istanbul, you may request a Turkish-speaking trainer to explain the English course content in Turkish. Arabic explanation support may also be requested at this location. Other languages are available in selected cities. You can choose your preferred language support as an optional preference during registration.

How can I register for a session?

Use any Register button next to the available course dates to open the participant registration page and submit your booking request for the selected session.

Is this course available online as well as classroom-based?

Check the course schedules section for currently published classroom and Online / Live sessions.

Where are classroom sessions delivered?

Current classroom venues include Kuala lumpur, Barcelona, Paris, Frankfurt, Rome.

How long is the training programme?

The programme runs for five days from 09:00 to 14:00, which gives 25 contact hours, including a daily 30-minute break (22.5 hours of instruction).