Practical Financial Reporting

About Course

This course provides a comprehensive walkthrough of Practical Financial Reporting (PFR), equipping you with the knowledge and practical skills to prepare and interpret financial statements confidently. In this hands-on course, you will:

Understand the PFR process/Accounting Cycle in practice and the functions within a Finance Department.
Identify the Tools required in the PFR process, including Excel.
Break down each aspect of the PFR process, including the Trial Balance, General Ledger (GL) Management & Review, and supporting documentation.
Learn to interpret Financial Statements for management.
Utilize complementary knowledge areas and the role of checklists in the PFR process.
Gain an understanding of the Conceptual Framework, IASB, and basic IFRSs.

By the end of this course, you will be equipped to confidently apply the PFR process in day-to-day accounting and compliance operations.

How to prepare financial statements from scratch — practical, end-to-end reporting.
Complete accounting cycle in practice (GL, Trial Balance, Chart of Accounts).
Preparation of management reports for decision-making.
Proper books of accounts setup and effective record keeping.
Statement of Cash Flows (SCF) preparation and bank reconciliation using Excel.
Use of Excel and accounting software in financial reporting.
Application of IFRS, audit assertions, and financial reporting controls.
Financial statement analysis and interpretation for management.
Leveraging AI tools to improve financial reporting efficiency.

Course Content

Introduction to Practical Financial Reporting

Introduction to Practical Financial Reporting Learning Process

06:44
Expectations from participants

27:56
Course Structure for Practical Financial Reporting

17:03
Q&A on Practical Financial Reporting

43:18

Accounting Cycle in Practice

Accounting Standards

Student Ratings & Reviews

No Review Yet

Practical Financial Reporting

About Course

What Will You Learn?

Course Content

Introduction to Practical Financial Reporting

Introduction to Practical Financial Reporting Learning Process

Expectations from participants

Course Structure for Practical Financial Reporting

Q&A on Practical Financial Reporting

Accounting Cycle in Practice

Introduction to the Basics of Financial Reporting

Contents: Journey to FS and FR Overview

Overview of Accounting Cycle

Q&A on Accounting Cycle Components

Accounting Standards

Introduction to Accounting Standards

Q&A on Accounting Standards

The Need to Apply Accounting Standards & the CF

Q&A on Applying Accounting Standards

Closing Remarks: Key Takeaways on Accounting Standards & the Accounting Cycle