Global Learning for Operational Leaders
Classroom
15 sessions
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Online / Live
15 sessions
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Introduction
Course overview
Financial statements and the annual report are key communication channels between companies and their different stakeholders. By attending this course, you will be able to prepare financial statements as per the International Financial Reporting Standards (IFRS) which will allow you to maintain your company's financial reporting transparency and credibility.
What you will achieve
Learning objectives
- Explain each part of the accounting cycle
- Design effective chart of accounts
- Perform accounting adjustments including deferrals and accruals
- Create trial balance and adjusted trial balance
- Describe and map charts of accounts to the financial statements
- Prepare and present income statements, balance sheets, and cash flow statements
- Formulate notes to the financial statements
Who should attend
Target audience
- Senior and junior accountants, accounting and finance professionals, chief accountants, accounting managers and supervisors, financial controllers and any accounting and finance professionals interested in learning and updating their knowledge regarding the preparation of financial statements and notes.
- Target Competencies
- Understanding the accounting cycle
- Designing chart of accounts
- Performing accounting adjusting entries
- Preparing and analyzing income statements
- Preparing and analyzing balance sheets
- Preparing and analyzing cash flow
Methodology
Learning approach
- This course covers theoretical core topics in addition to introducing Excel for the preparation of financial statements. It also features the study of real life cases and presentations by participants.
Complete course outline
Course outline and key learning areas
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.
Module 1
The accounting cycle
- Understanding the accounting cycle
- Supporting documents
- Analyzing transactions and recording in the system
- Preparing ledgers and General Ledgers (GL)
- Converting the GL to Trial Balance (TB)
- Types of adjusting entries
- The Adjusted Trial Balance (ATB)
- Mapping ATB to the financial statements
- Preparing financial statements
- Closing the books
- Preparing the Post-Closing Trial Balance (PCTB)
Module 2
Chart of accounts and design techniques
- Designing the chart of accounts
- Maintenance of the chart of accounts
- Analyzing the chart of accounts
- Reconciliations and important issues
- Creating the trial balance
Module 3
Accounting adjusting entries
- Understanding deferrals
- Deferred revenues and entries
- Deferred expenses entries
Module 4
Working with accruals
- Adjusting for accrued revenues
- Accrued expenses entries
- Other adjustments and corrections
- Preparing the adjusted trial balance
Module 5
Preparing financial statements and notes
- Mapping the adjusted trial balance to the financial statements
- Preparing the income statements
- Preparing the balance sheets
- Preparing the cash flow statements
- Preparing the owners equity statements
- Objectives of external audit
- External audit versus internal audit
- Reading and interpreting the audit opinion
- Management Discussion and Analysis (MD&A)
FAQ
Frequently asked questions
What does Preparing Financial Statements and the Annual Report 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 12 - 16 October 2026. See the course schedules section for the available dates and delivery formats.
Who should attend this course?
Senior and junior accountants, accounting and finance professionals, chief accountants, accounting managers and supervisors, financial controllers and any accounting and finance professionals interested in learning and updating their knowledge regarding the preparation of financial statements and notes., Target Competencies, Understanding the accounting cycle
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 Istanbul, Vienna, Barcelona, Rome, Munich, Amsterdam, London, Cape Town.
How long is the training programme?
The programme runs for five days, with up to five training hours per day, from 9:00 AM to 2:00 PM. Each programme includes a total of 25 training hours.
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