Global Learning for Operational Leaders
Professional training course
Preparing Financial Statements and the Annual Report
Financial statements and the annual report are key communication channels between companies and their different stakehol... The outline covers The accounting cycle, Chart of accounts and design techniques, Accounting adj...
Introduction
Course overview
Why Attend
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.
Course Methodology
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.
Course Objectives
By the end of the course, participants will be able to:
- 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
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
- Reviewing and understanding financial statements notes
- Utilizing Excel functions
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.
Course content
Course outline and key learning areas
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
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 15 - 19 June 2026, with additional classroom dates and mirrored Online / Live options listed in the course schedules section.
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
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?
Yes. The course detail page includes both classroom sessions and Online / Live sessions, with online options aligned to the same course dates for easier planning.
Where are classroom sessions delivered?
Current classroom venues include Rome, Munich, Amsterdam, London, Istanbul, Vienna, Barcelona.
Still Have Questions?
Contact the academy team for course details, delivery options, and delegate guidance.
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