Overview
This Mastering Financial Statements course is designed to equip professionals with the skills and knowledge to prepare, analyze, and interpret financial statements effectively. Whether you are an accountant, financial analyst, or business manager, this training course will provide you with the essential tools to understand the financial structure of any company. Participants will gain hands-on experience in creating income statements, balance sheets, and cash flow statements, enabling them to make informed decisions based on accurate financial data. This course is ideal for anyone looking to enhance their financial reporting skills in line with international standards.
Objectives
By the end of the course, participants will be able to:
- Read and interpret any financial statement confidentially
- Identify the various use of financial statements
- Understand the key components of financial statements, including income statements, balance sheets, and cash flow statements.
- Master the process of preparing financial statements by international financial reporting standards (IFRS).
- Analyze and interpret financial data to assess organizational performance.
- Apply financial ratios and other tools to evaluate liquidity, profitability, and solvency.
- Understand the regulatory requirements and compliance issues related to financial reporting.
Course Outline
The course is divided into the following modules:
- Module 1: Introduction to Financial Statements
- Overview of financial statements
- Importance of financial reporting for businesses
- International Financial Reporting Standards (IFRS) overview
- Module 2: Preparing Income Statements
- Revenue recognition principles
- Expense categorization and matching
- Profit and loss analysis
- Module 3: Balance Sheets and Their Components
- Assets, liabilities, and equity
- Understanding current vs. non-current assets
- Debt and equity financing
- Module 4: Cash Flow Statements
- Cash flow from operating activities
- Cash flow from investing and financing activities
- Interpreting cash flow for financial decision-making
- Module 5: Financial Ratios and Performance Analysis
- Liquidity, solvency, and profitability ratios
- Ratio interpretation and industry benchmarks
- Financial health assessment
- Module 6: Compliance and Regulatory Issues
- Key financial reporting regulations
- Auditing standards and procedures
- Ensuring accuracy and integrity in financial statements
This program is available on different dates upon request, ensuring flexibility to meet your schedule.
Target Group
This course is ideal for:
- Accountants and financial analysts
- Business managers and executives responsible for financial reporting
- Auditors and compliance officers
- Entrepreneurs and small business owners who need to manage their company’s financial reporting
- Professionals seeking to improve their understanding of financial statements and reporting standards
Program Cost
The program is offered at two levels:
- 5-day intensive course: €3700
- 10-day comprehensive course: €6500
The Mastering Financial Statements program is available on different dates to accommodate participants’ schedules. Please get in touch with us to arrange a course date that fits your needs.
Organizers
This course is organized by the Geneva Institute of Business Management, in partnership with leading European financial experts. Participants will benefit from top-tier instruction and internationally recognized certifications.