Fundamentals of Final Accounts and Financial Reporting Systems

Course Objective:

The objective of this course is to provide participants with a comprehensive understanding of final accounts preparation, financial reporting, and the key systems used in financial reporting. By the end of the course, students will be able to:

• Understand the principles and components of final accounts.
• Learn the process of preparing balance sheets, income statements, and cash flow statements.
• Develop skills in interpreting financial reports and understanding the systems that support financial reporting in an organization.

Course Content:

Introduction to Final Accounts and Financial Reporting

• Overview of financial reporting systems
• Purpose and importance of final accounts in financial management
• Key financial statements: Balance Sheet, Profit and Loss Account, and Cash Flow Statement

Preparation of Final Accounts

• Steps in preparing income statements and balance sheets
• Accounting adjustments (accruals, depreciation, provisions)
• Closing entries and the trial balance process

Analyzing and Interpreting Financial Statements

• Key ratios and performance indicators for financial analysis (e.g., profitability, liquidity, solvency)
• Interpreting financial reports for decision-making
• Overview of accounting software and financial reporting tools used in modern businesses

Methodology
The training methodology integrates lectures, interactive discussions, collaborative group exercises, and illustrative examples. Participants will acquire a blend of theoretical insights and hands-on practical experience, emphasizing the application of learned techniques. This approach ensures that attendees return to their professional environments equipped with both the competence and self-assurance to effectively implement the acquired skills in their responsibilities.
DATE:
1ST BATCH: 25th – 28th Mar, 2025
2ND BATCH: 7th – 10th Oct, 2025

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