Who should attend
This financial training course will benefit managers, executives and mid-career professionals who may wish, or need, to refresh or enhance their understanding and analysis of financial statements and annual reports.
About the course
Understanding and analyzing financial statements and annual reports can be a daunting task for many of us, especially if we are non-finance professionals and investors of stock exchange-listed companies. We often find ourselves deterred from our attempts to delve into the myriad of information and unfamiliar terms presented in financial statements and their overwhelming details that are separately noted in the annual reports.
This course is put together based on the latest financial statements and annual report of an exchange-listed company to enhance your confidence and make your experience more rewarding when reading financial statements and navigating annual reports.
This workshop will impart you with sufficient practical knowledge on reading and understanding the Balance Sheet, Income Statement and Statement of Changes in Equity along with references to their related notes in the annual report of the exchange-listed company. Relevant concepts, principles and procedures, such as Double-entry (debit and credit) Accounting will be explained.
Aims to equip you with the necessary analytical skills to analyze and interpret the financial statements of the subject company in assessing its financial position and performance. A session will be devoted to explaining and analyzing the Statement of Cash Flows of the company. The day ends with exploring the Directors' Report and Auditor's Report for hints of any potential risks faced by the company.
## Course Outline
Corporate Annual Report
Key Components of Corporate Annual Report
Consolidated Financial Statements
Limited Liability Company vs. Sole Proprietorship / Partnership
Dual Aspect Principle
Accrual vs. Cash Accounting
Effects of Revenue and Expenses on Equity
Double-entry and the T-account
Statement of Changes in Equity
Linking Balance Sheet and Income Statement
Share Dividends and Share Capital
Share Options and Share Capital
FX Translation Differences and Currency Translation Reserve
Statement of Comprehensive Income
How Transactions Flow to the Financial Statements
End-of-Period (EOP) Adjustments
Analysis Using Income Statement and Balance Sheet
Analysis Using Cash Flow Statement
Cash Flow Statement
Sources and Applications of Cash
Free Cash Flow (FCF)
Navigating Annual Report to Detect Risk
Relevance of Directors' Report
Interpreting Auditors' Report
Key Trends to Watch
Videos and materials
Because of COVID-19, many providers are cancelling or postponing in-person programs or providing online participation options.
We are happy to help you find a suitable online alternative.