Practical Financial Statement Preparation

What Will You Learn?

• In this intensive, hands-on Practical Financial Statements Preparation Course, you will gain the complete skill set required to prepare full IFRS-compliant financial statements from scratch. By the end of the training, you will be able to confidently navigate every stage of FS preparation—from understanding IAS 1 requirements to building a publish-ready set of financial statements.
• Introduction & Recap of IAS 1: Understand the structure and presentation requirements of IFRS financial statements,
• Identify mandatory components, minimum disclosures, and overall presentation principles.
• Understanding the Final Output: Review and analyze completed financial statements, Learn how all working papers, templates, and disclosures come together in the final document.
• Key Resources You Will Use: How to use Big 4 Illustrative Financial Statements, How to extract and benchmark disclosures from Public Company FS, How to use these as guidance for your own FS preparation.
• Building the Input Sheet (Constants): Set up the foundational assumptions, parameters, and company-specific information, Create dynamic inputs that flow into the entire FS model.
• Designing the Cover Page & Table of Contents: Professional FS presentation techniques, Automating TOC and formatting for clean output.
• Creating the Template Sheet: Build the entire structure of the FS template, Set up your print layout and formatting standards, Ensure consistency, readability, and compliance.
• Preparing Textual & Disclosure-Related Content: Draft narrative disclosures in line with IFRS requirements, Learn where to place each disclosure item and how to avoid common errors, Understand how to adapt disclosures from sample FS to your client’s context.
• Mapping the Trial Balance (TB): Convert raw TB data into FS line items, Learn mapping techniques for accuracy and completeness, Build connections between TB, notes, and primary statements.
• Working on Figure-Related Content: Populate the primary statements with accurate, mapped figures, Learn automated linking techniques and checks for internal consistency.
• Advanced Disclosures: Prepare detailed notes for; Financial Risk Management (FRM), Contingent Liabilities & Contingencies, Related Party Disclosures, Use IFRS and real-life examples to draft clear, compliant disclosures, Preparing Disclosures for Each Primary Statement
• Preparation of all supporting notes and narrative explanations for: Statement of Financial Position (SFP), Statement of Profit or Loss & Other Comprehensive Income (SPLOCI), Statement of Cash Flows (SCF)
• Pagination & Final Review: Paginate the entire FS professionally, Apply cross-referencing, note numbering, and final compliance checks, Produce a print-ready, publish-ready IFRS financial statement.