Budget Preparation and Financial reports Course

Course Overview:

The Budget Preparation and Financial Reports Training will enable participants to develop key competences in financial analysis as well as reports. At the end of the training, learners will be familiar with different terms in finance, be able to interpret financial statements and do budgeting.

The course entails basics of budgeting, expectations, and making purchases, more so policies on financial management. Participants will also gain ability to prepare and present financial reports in a clear way, so that such reports may include income statements, alignment statements and cash flow statements.

It also discusses the legal dimensions of finances and addresses the presentation of notes to the financial statements.

This course can be recommended for accounting professionals, planners and professionals involved in business strategy, including budgeting and relations with investors.

Course Objectives:

At the end of the Budget Preparation and Financial Reports Training Course, you will be able to:

• Identify financial terminology
• Understand financial statements
• Identify how to analyze financial statements
• Understand budgets
• How to make budgeting easy
• Understand advanced forecasting techniques
• Understand how to manage the budget
• Identify How to make smart purchasing decisions
• Identify the legal aspects of finances.

Who Should Attend?

The Budget Preparation and Financial Reports Training Course is ideal for:

• Accounting and financial specialists. Those who wish to understand how to interpret the financial statements of business entities, and those who wish to learn the mechanics of preparing financial statements under IFRS.
• Individuals are charged with the responsibility of providing financial information about a reporting entity that is useful to users in making decisions.
• Financial accounting team members
• Financial planning and budgeting professionals
• Strategic planning and head office team members
• Corporate communication and investor relations professionals
• Investment analysts and advisers

Course Outlines:

Budgeting and Planning

• The Budget and the Functions of Management.
• Budget as a Planning Tool.
• Budgets and the Key Financial Statements.
• Top-Down versus Bottom-Up Process.

Budgeting and Its Role Within the Management Process

• The Role of Budgeting within Management Accounting
• Linking Costing and Budgeting to Strategy and Performance Measurement
• The Process of Value Creation: Implications for Budgeting
• What is a budget and why costing is fundamental?
• Budgets - The Financial Expression of the Operating Plan
• Linking Financial and Operational Issues
• Behavioral Implications of Budgeting
• Case Discussion and Examples

Designing and Presenting Effective Financial Reports

• The limitations of financial reports
• Designing effective internal business reports
• Incorporating Excel graphics in internal reports
• Developing and using business dashboards
• Making effective financial presentations
• Developments in Integrated Reporting (IR)
• Integrated Reports: purpose, structure, and presentation

Preparing Financial Reports and Notes

• Mapping the Adjusted Trial Balance to the Financial Statements
• Preparing Income Statements
• Preparing Balance Sheets
• Preparing Cash Flow Statements
• Preparing the Equity Statements
• Reading and Interpreting the Audit Opinion

Notes to the Financial Statements

• Understanding the Requirements for the Notes
• Organization and Activities of Notes
• Basis for Preparation
• Summary of Significant Accounting Policies
• Accounting Convention
• Use of Estimates
• Completing the Financial Statements and the Notes

see more: Budget Preparation, Allocation and Cost Control Course