Financial Accounting and Reporting

This DIXONTECH training enhances understanding of financial accounting and reporting principles, empowering professionals to produce, interpret, and communicate high-quality financial statements. The course focuses on IFRS standards, compliance, and disclosure requirements, providing participants with the skills to ensure transparency, accuracy, and reliability in financial reporting for both private and public organizations.

TRAINING TOPICS

• Accounting Principles, Concepts, and Standards
• IFRS Framework and Applications
• Preparation and Presentation of Financial Statements
• Financial Analysis and Interpretation
• Consolidation and Reporting Requirements

By the end of this training course, delegates will be able to:

• Apply IFRS-based accounting standards correctly
• Prepare and interpret key financial statements
• Strengthen reporting accuracy and consistency
• Evaluate financial performance using ratios
• Enhance compliance and disclosure quality
• Communicate financial insights effectively
• Support decision-making through accounting data

TRAINING IS TAILORED TO:

• Accountants and finance officers
• Financial analysts and auditors
• CFOs and finance managers
• Budget and reporting professionals
• Regulatory and compliance officers
• Accounting students and trainees
• Consultants in finance and accounting fields

TRAINING METHODOLOGY

The program combines theoretical discussions with real-world applications. Through workshops, case studies, and financial reporting simulations, participants will prepare statements, analyze data, and apply IFRS standards in practical exercises, ensuring mastery of both the technical and analytical aspects of accounting and reporting.

DAY 1

ACCOUNTING PRINCIPLES AND STANDARDS FRAMEWORK

• Understanding accounting principles and concepts
• IFRS versus local GAAP comparison
• Recognition and measurement of transactions
• Accrual and matching principles application
• Accounting equation and double-entry system
• Financial reporting objectives and relevance
• Role of accounting policies in consistency

DAY 2

PREPARATION OF FINANCIAL STATEMENTS

• Structure and format of financial statements
• Income statement and balance sheet analysis
• Cash flow statement preparation and use
• Changes in equity and retained earnings
• Adjusting and closing entries in accounts
• Accounting for assets, liabilities, and equity
• Practical exercises: preparing trial balance

DAY 3

FINANCIAL REPORTING UNDER IFRS

• Overview of IFRS standards and framework
• IFRS 9, 15, and 16 key requirements
• Revenue recognition and lease accounting
• Financial instruments and fair value measurement
• Disclosure requirements and presentation rules
• IFRS for SMEs and practical applications
• Case study: IFRS adoption challenges

DAY 4

FINANCIAL ANALYSIS AND INTERPRETATION

• Ratio analysis and performance evaluation
• Liquidity, profitability, and solvency measures
• Vertical and horizontal financial analysis
• Trend analysis and variance interpretation
• Cash flow evaluation and financial health check
• Using Excel for accounting analytics
• Case study: interpreting financial statements

DAY 5

CONSOLIDATION AND ADVANCED REPORTING PRACTICES

• Accounting for subsidiaries and associates
• Consolidation techniques and eliminations
• Intercompany transactions and unrealized profits
• Consolidated balance sheet and income statement
• Segment reporting and group disclosures
• Reporting for listed and public entities
• Improving transparency and governance in reporting