Preparing annual financial statements - Workshop 2017

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

Learning 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 finance professionals who are involved in:

  • external reporting
  • financial management
  • management accounting
  • financial accounting

Please note enrolments close 2 working days prior to the workshop date.

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

1 day

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