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Oxford Management Centre

Financial Accounting & Reporting

Jun 30—Jul 4
5 days
Dubai, United Arab Emirates
USD 4950
USD 990 per day
Sep 15—19
5 days
Manama, Bahrain
USD 4950
USD 990 per day
Dec 15—19
5 days
Dubai, United Arab Emirates
USD 4950
USD 990 per day

How it works



This interactive and very user-friendly seminar will develop your understanding of financial accounting and emphasise the importance of financial reporting in an organisation. The managers of an organisation are accountable to its shareholders, and this seminar fully covers the three key financial statements and how the annual report and accounts enable managers to provide that accountability.

The seminar will consider the framework provided by accounting concepts and accounting and financial reporting standards, corporate legislation, and stock market requirements. The worldwide development of corporate governance reporting will be discussed with regard to its implementation in response to the financial scandals and problems in the USA and elsewhere over the past two decades. The seminar will also consider the ways in which internal financial reporting is used to identify and rectify business problems, control costs, revenues, investment, and financing, and support profitable and value-adding decision-making.

This seminar will highlight:

  • The importance of financial accounting, its systems and the recording and classification of transactions
  • Preparation of the three key financial statements and the need for subjective judgement
  • Accounting for group companies and the development of International Accounting Standards (IASs) and International Financial Reporting Standards (IFRSs)
  • Financial reporting and its analysis and interpretation
  • Corporate governance reporting and other recent developments in financial reporting


By the end of this seminar, participants will have learned how to:

  • Record and classify commercial transactions in business accounting systems, and use professional judgement in the valuation of non-current assets and inventories and assess their impact on profitability
  • Prepare the three key financial statements: income statement; balance sheet; statement of cash flows
  • Apply the accounting concepts, IASs, and IFRSs with regard to preparation of the financial statements and annual financial reporting
  • Use financial analysis to interpret the financial statements and annual reports and accounts to evaluate the financial performance and financial position of the organisation
  • Provide assurance to shareholders and others through corporate governance and internal audit


This seminar provides a thorough training in financial accounting in a very hands-on way to suit individuals with varying levels of financial knowledge and experience. The seminar will be conducted along workshop principles with formal presentations, numerous worked examples, and real-world experiences and scenarios. Group discussion will promote the exchange of experiences and ideas.

Interactive team case studies and exercises reinforce the application of each of the learning points and topics covered. These are supported with the help and advice of your Instructor and his extensive practical experience and knowledge of financial accounting. Difficult mathematical concepts are minimised wherever possible and handled in a visual way that is easy to understand – our aim is for this to be an enjoyable learning experience.


Participants in this seminar will provide benefits for their organisation through the enhanced knowledge and set of skills that they will take back to the workplace:

  • A greater awareness of how financial accounting systems operate to ensure that financial information is provided on an accurate, timely and up-to-date basis
  • An appreciation of the ways in which accounting data and subjective judgement are used in the preparation of financial statements
  • The use of appropriate tools and techniques of financial analysis to interpret the financial statements, and evaluate and improve the financial position and financial performance of the organisation
  • Development of the ability to recognise financial problems and identify realistic solutions
  • An awareness of the agency problem and the role of corporate governance


You will greatly improve your understanding of financial accounting systems, and the preparation and reporting of the three key financial statements, and their analysis, interpretation, and evaluation through:

An ability to identify the correct treatment of accounting transactions and alternative methods used for the valuation of assets Preparation of the income statement, balance sheet, and statement of cash flows in accordance with international accounting and financial reporting standards An understanding of group reporting and preparation of a consolidated group balance sheet Use of financial analysis to evaluate organisational performance and identify problem areas An exchange of ideas and knowledge with other professionals, and the increased confidence gained to be able to deal with new situations


Day1 - The Importance of Accounting in Business

  • Business objectives and shareholder wealth maximisation
  • The users of financial information
  • The role of accounting in financial reporting
  • Double-entry accounting using debits and credits, T-accounts and the trial balance
  • The structure of the accounting system and accounting transactions
  • Incomplete transactions at the period end – the five accounting adjustments
  • How business transactions are recorded – the ledgers and books of account
  • Accrual accounting versus cash accounting, accruals and prepayments, and the accounting period

Day2 - The Structure and Format of Financial Reports

  • The income statement and its two elements: revenues; costs, and the accounting equation
  • What the income statement tells us, its purpose, and structure: categories of revenue and cost and the calculation of profit
  • Circumstances where judgement needs to be applied
  • The balance sheet and its three elements: equity; assets; liabilities, and the accounting equation
  • What the balance sheet tells us, its purpose, and structure: shareholders’ equity; current and non-current assets; current and non-current liabilities
  • Non-current assets valuation and depreciation, and inventory valuation and cost of sales
  • The links between asset valuation and profit
  • Long-term financing, short-term financing and working capital

Day3 - The Statement of Cash Flows and Group Accounting

  • The statement of cash flows and its three elements: cash flows from operating activities (direct and indirect); cash flows from investing activities; cash flows from financing activities
  • What the statement of cash flows tells us, its purpose, and structure
  • The cash flow forecast
  • The creation of groups of companies
  • Subsidiary companies, associated companies, and joint ventures
  • Preparation of a group balance sheet
  • The conceptual frameworks of accounting
  • The development of International Accounting Standards (IASs) and International Financial Reporting Standards (IFRSs)

Day4 - Analysis and Interpretation of Financial Reports

  • Analysis of financial position and financial performance
  • Interpretation of financial statements – key principles
  • Ratio analysis: profitability ratios; efficiency and working capital ratios; liquidity ratios; investment ratios; financial structure ratios
  • Pyramids of ratios
  • Integration of ratios – the Dupont system
  • Common size (horizontal) and vertical trend analysis
  • Predicting financial distress using the Altman’s Z-score
  • The limitations of financial statements analysis

Day5 - Published Financial Reports and Corporate Governance

  • The annual report and accounts of organisations in the UK, USA, GCC and other countries
  • Recent developments in financial reporting
  • Financial reporting – it is not just the numbers
  • Segmental analysis
  • Post balance sheet events and contingencies
  • The agency problem and international financial scandals
  • The development of corporate governance in the UK, USA, GCC and other countries
  • A glossary of accounting and financial terminology

Who should attend

This seminar is suitable for a wide range of personnel from companies, corporations and governmental organisations. In addition to anyone working in the finance, accounting, costing, budgeting and planning departments, or anyone with an interest in financial accounting and reporting, this seminar will greatly benefit:

  • Chief Financial Officers, Vice-Presidents of Finance, Controllers, Treasurers
  • Professionals responsible for financial reporting
  • Accountants, Project Managers, and Budget Analysts, who would like to refresh and update their financial accounting and reporting knowledge and skills
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