Preparing annual financial statements - Workshop 2019

Overview

This course is designed to help you understand the process of compiling a set of financial statements and develop an awareness of some of the disclosures required, including those relating to the primary statements and those stand-alone disclosures.

Key topics:

• The form and content of financial statements
• IAS 1 Presentation of Financial Statements
• The statement of:
  • profit or loss and other comprehensive income
  • financial position
  • changes in equity
  • cash flows
• IFRS 7 Financial Instruments: Presentation
• IFRS 12 Disclosures of Interests in Other Entities
• IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors
• IAS 24 Related Party Disclosures
• IAS 37 Provisions, Contingent Liabilities and Contingent Assets

You will receive:

• A comprehensive learning manual
• Presentation slides
• Ample networking opportunities with colleagues over morning and afternoon tea and lunch

Objectives

• Prepare a statement of financial position, statement of profit or loss and other comprehensive income, and statement of changes in equity from trial balance information
• Identify related notes and include this information in the financial statements Identify the framework behind financial statements and the requirements for different companies
• Identify the key themes of IAS 1 Presentation of Financial Statements
• Prepare and understand sundry disclosure notes such as:
  • Related parties
  • Financial instruments
  • Contingent liabilities and commitments
  • Disclosure of standards issued not yet effective
  • Interests in other investments

Audience

This workshop is specifically designed for accounting and finance professionals who are involved in external reporting, financial management and financial accounting.

Please note enrolments close 3 working days prior to the workshop date to ensure any dietary and special requirements can be accommodated.

Looking for a customised learning solution for your organisation or team? Contact us today to discuss in-house learning options.