In a global and increasingly competitive environment, the need for effective and enforced Corporate Governance and International Financial Reporting Standards (IFRS) is all too evident.
This programme establishes the Case for Corporate Governance and International Financial Reporting Standards by examining such inappropriate practices such as creative accounting, off balance sheeting financing and examples such as Enron and World Com among others.
The programme begins with an exploration of the Framework for the Preparation and Presentation of Financial Statements in accordance with IFRS is then examined via case studies, syndicate/group work and exercises aimed at increasing knowledge, understanding and application of IFRS.
This is followed by an evaluation and interpretation of financial reports prepared in accordance with IFRS.
This programme, the preparation and analysis of financial statements, takes a detailed review of the content and meaning of the annual report and accounts of medium and large sized companies. The programme uses International Financial Reporting Standards as the basis of the preparation and analysis of the financial reports discussed.
By the end of this programme you will be able to:
This programme is highly interactive: from the very first session of the first day, you will be involved in case exercises and problem solving. You will be encouraged to make the link between the training room and your office and organisation. Overall, the programme will expose you to a range of learning methodologies that include
In addition to what might be called traditional materials, you will also be provided with a variety of real life materials and experiences: the training materials contain information drawn from a wide variety of sources from around the world.
You will be given the opportunity to bring along your own materials for inclusion in the discussions to be held throughout the programme.
You will learn a wide variety of techniques for analysing the content of the financial reports of an organisation: you will become immediately proficient at such analyses by attending this programme. In addition to class based analytical techniques, you will be introduced to various aspects of spreadsheet based analysis together with such techniques as Z Score analysis.
Corporate Governance and International Financial Reporting Standards (IFRS)
Introduction to Financial Reports
The financial report based on International Financial Reporting Standards including IAS 1, IFRS 1, IAS 8, IAS 10, IAS 18 and IFRS 8:
A brief review of financial reports based on other Standards, such as those from the USA and the UK
Case exercises and case studies
Financial Reports in Detail 1
Today and tomorrow will comprise a detailed review of the key factors underlying the financial reports:
A brief review of the following standards
During this session, delegates will be encouraged to raise issues relating to any IFRS based standard even if it is not included in the list set down for this session Delegates are also encouraged to bring along or suggest their own or other organisations for review and analysis in this session
Case exercises and case studies
Financial Reports in Detail 2
Today will comprise a continuation of the detailed review of the major aspects of the preparation of financial reports of an organisation under IFRS begun yesterday.
Additional materials include:
During this session, delegates will be encouraged to raise issues relating to any IFRS based standard even if it is not included in the list set down for this session. Delegates are also encouraged to bring along or suggest their own or other organisations for review and analysis in this session
Case exercises and case studies
The Analysis of Accounting Information
The fundamentals of ratio analysis:
Common size statements
Rates of change statements and ratios
The analysis of the financial reports of actual organisations from around the world. Tips for analysing financial reports using an Excel spreadsheet: brief review of:
More comprehensive review of financial reporting information: drilling down by using accounting policies and notes of explanation. More detailed analysis of:
Using such techniques as
Case exercises and case studies