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Module 1: Foundations: The Accounting Cycle and IAS 1
Understand where financial statements come from, what IAS 1 requires in a complete set, and what the finished statutory pack looks like.
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1.1 Course Overview
06:01
1.2 The Accounting Cycle
34:25
1.3 Q&A: The Accounting Cycle
25:38
1.4 IAS 1 Presentation of Financial Statements – Part 1
34:30
1.5 IAS 1 Presentation of Financial Statements – Part 2
09:06
1.6 IAS 1 Presentation of Financial Statements – Part 3
09:56
1.7 Q&A: IAS 1 Presentation of Financial Statements
08:38
1.8 Progress Check: Foundations
01:05
1.9 Reviewing the End Result: A Completed Financial Statement Pack
12:17
1.10 Q&A: Reviewing the End Result
34:39
Module 1 Quiz: The Accounting Cycle and IAS 1
00:20:00
Module 2: Setting Up Your Financial Statement Workbook
Gather the inputs you need and build the input sheet, cover page, table of contents and reusable template sheet for the statutory pack.
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2.1 Resources Required for Financial Statement Preparation
08:34
2.2 Progress Check: Getting Ready to Build
11:14
2.3 Building the Input Sheet – Part 1
17:02
2.4 Q&A: Financial Statement Preparation Basics
15:37
2.5 Introduction to Building the Templates
39:04
2.6 Building the Input Sheet – Part 2
16:09
2.7 Creating the Cover Page
10:32
2.8 Creating the Table of Contents
16:19
2.9 Q&A: Creating the Cover Page
35:57
2.10 Creating the Template Sheet
48:44
2.11 Q&A: Key Factors in Building the Template
01:15:15
Module 2 Quiz: Building the Workbook Structure
00:20:00
Module 3: Writing the Text Disclosures
Prepare the narrative parts of the pack: corporate information, the directors' report, responsibility statements, accounting policies and notes structure.
0/17
3.1 Recap: Creating the Template Sheet
05:11
3.2 Text-Related vs Figure-Related Contents
08:09
3.3 Q&A: Text-Related vs Figure-Related Disclosures
11:18
3.4 Corporate Information
40:37
3.5 Q&A: Corporate Information
08:01
3.6 The Directors’ Report
24:03
3.7 Q&A: The Directors’ Report
51:11
3.8 Statement of Directors’ Responsibilities
13:38
3.9 Q&A: Statement of Directors’ Responsibilities
11:09
3.10 Statement of Corporate Responsibility for the Financial Statements
17:26
3.11 Q&A: Statement of Corporate Responsibility
02:15
3.12 Accounting Policies
19:05
3.13 Notes to the Financial Statements
06:37
3.14 Q&A: Notes to the Financial Statements
13:39
3.15 Other Related Items and Rearranging the Pack
03:45
3.16 Q&A: Text-Related Contents
25:20
Module 3 Quiz: Text Disclosures
00:20:00
Module 4: Mapping and Linking the Trial Balance
Understand the trial balance and chart of accounts, then link and map every account to the financial statement line items and spot common mapping errors.
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4.1 Recap of Previous Topics
01:46
4.2 Structure of a Trial Balance
11:00
4.3 Q&A: Structure of a Trial Balance
10:35
4.4 Chart of Accounts and Trial Balance Mapping
07:59
4.5 Q&A: Chart of Accounts and Trial Balance Mapping
13:04
4.6 Linking the Trial Balance to the Workbook
30:14
4.7 Q&A: Linking the Trial Balance
40:11
4.8 Mapping the Trial Balance – Part 1
15:38
4.9 Q&A: Mapping the Trial Balance
12:42
4.10 Mapping the Trial Balance – Part 2
01:34:55
4.11 Pitfalls in the Mapped Trial Balance
16:45
4.12 Progress Check: Trial Balance Mapping
00:28
Module 4 Quiz: Trial Balance Mapping
00:20:00
Module 5: Statement of Profit or Loss: Set-Up and Income and Expense Notes
Set up the statement of profit or loss and other comprehensive income and build the supporting notes for revenue, cost of sales, expenses and finance income.
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5.1 Recap: Figure-Related Contents
07:37
5.2 Setting Up the Statement of Profit or Loss and Other Comprehensive Income
44:13
5.3 Q&A: Setting Up the Statement of Profit or Loss and Other Comprehensive Income
26:30
5.4 Fixing the Template Sheet
03:26
5.5 Creating the Revenue Note
27:40
5.6 Q&A: The Revenue Note
43:55
5.7 Creating the Cost of Sales Note
14:05
5.8 Creating the Administrative Expenses Note
30:20
5.9 Q&A: Profit or Loss Notes
20:33
5.10 Creating the Note on Impairment Loss on Financial Assets
07:27
5.11 Creating the Other Expenses Note
07:54
5.12 Q&A: The Other Expenses Note
13:02
5.13 Creating the Finance Income Note
03:01
5.14 Q&A: The Finance Income Note
40:36
Module 5 Quiz: Profit or Loss Set-Up and Notes
00:20:00
Module 6: Tax, Other Comprehensive Income and Completing Profit or Loss
Prepare the tax expense and remaining notes, link all notes to the statement and correctly classify other comprehensive income.
0/9
6.1 Q&A: Notes to the Statement of Profit or Loss
08:26
6.2 Creating the Notes for Other Items and Tax Expense
38:05
6.3 Q&A: Other Items and Tax Expense
26:29
6.4 Linking the Notes to the Statement of Profit or Loss and Other Comprehensive Income
06:44
6.5 Q&A: Linking the Notes to the Statement of Profit or Loss – Part 1
04:31
6.6 Q&A: Linking the Notes to the Statement of Profit or Loss – Part 2
31:06
6.7 Identifying and Classifying Other Comprehensive Income
25:36
6.8 Q&A: Other Comprehensive Income
17:25
Module 6 Quiz: Tax and Other Comprehensive Income
00:20:00
Module 7: Statement of Financial Position: Set-Up and Non-Current Assets
Set up the statement of financial position and build the notes for property, plant and equipment, right-of-use assets and intangible assets.
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7.1 Setting Up the Statement of Financial Position
28:07
7.2 Q&A: Setting Up the Statement of Financial Position
50:13
7.3 Creating the Property, Plant and Equipment Note – Part 1
54:24
7.4 Q&A: The Property, Plant and Equipment Note – Part 1
11:57
7.5 Creating the Property, Plant and Equipment Note – Part 2
26:20
7.6 Q&A: The Property, Plant and Equipment Note – Part 2
23:03
7.7 Agreeing the Property, Plant and Equipment Note to the Trial Balance
04:53
7.8 Creating the Right-of-Use Asset Note
15:06
7.9 Q&A: Right-of-Use Assets
31:40
7.10 Creating the Intangible Assets Note
21:53
Module 7 Quiz: Statement of Financial Position and Non-Current Assets
00:20:00
Module 8: Current Assets, Equity, Liabilities, Changes in Equity and Value Added
Complete the remaining position notes, link them to the statement of financial position, and prepare the statement of changes in equity and the value added statement.
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8.1 Creating the Inventory and Trade and Other Receivables Notes
35:36
8.2 Q&A: Trade and Other Receivables
07:26
8.3 Creating the Advances and Cash and Cash Equivalents Notes
11:04
8.4 Creating the Equity Notes
25:40
8.5 Creating the Borrowings Note
17:39
8.6 Q&A: The Borrowings Note
46:16
8.7 Splitting Borrowings into Current and Non-Current
26:10
8.8 Creating the Deferred Tax and Current Tax Liability Notes
26:03
8.9 Q&A: Deferred Tax and Current Tax Liabilities
03:12
8.10 Creating the Trade and Other Payables Note
14:11
8.11 Linking the Notes to the Statement of Financial Position
20:27
8.12 Q&A: Linking the Notes to the Statement of Financial Position – Part 1
19:52
8.13 Q&A: Linking the Notes to the Statement of Financial Position – Part 2
01:32
8.14 Creating the Statement of Changes in Equity
54:02
8.15 Creating the Value Added Statement
33:38
8.16 Q&A: Statement of Changes in Equity and Value Added Statement
01:10:17
8.17 Adjusting the Value Added Statement
01:55
Module 8 Quiz: Completing the Statement of Financial Position, SOCE and Value Added
00:20:00
Module 9: Statement of Cash Flows, Final Disclosures and Finishing the Pack
Prepare the statement of cash flows step by step using the CAMPS framework, add financial risk and related party disclosures, paginate the pack and add the five-year financial summary.
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9.1 Introduction to the CAMPS Framework for the Statement of Cash Flows
07:58
9.2 Summary of the Statement of Cash Flows Components
15:54
9.3 Q&A: The Statement of Cash Flows
14:54
9.4 Preparing the Statement of Cash Flows – Part 1
32:32
9.5 PPE Movements in the Statement of Cash Flows
34:06
9.6 Q&A: PPE Movements in the Statement of Cash Flows
07:41
9.7 Preparing the Statement of Cash Flows – Part 2
21:42
9.8 Q&A: Preparing the Statement of Cash Flows – Part 2
31:56
9.9 Preparing the Statement of Cash Flows – Part 3
42:11
9.10 Preparing the Statement of Cash Flows – Part 4
14:17
9.11 Reviewing the Statement of Cash Flows
04:47
9.12 Preparing the Statement of Cash Flows – Part 5
17:00
9.13 Adjusting for Interest Income
12:42
9.14 Financial Risk Management and Related Party Disclosures
42:42
9.15 Paginating the Financial Statements
15:48
9.16 Q&A: The Five-Year Financial Summary
01:04:40
Module 9 Quiz: Statement of Cash Flows and Final Disclosures
00:20:00
Module 10: Course Resources and Downloads
Download the annual reports, Big Four illustrative financial statements, reference guides, course slides, working files and course work used throughout the course.
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10.1 Nigerian Annual Reports and Financial Statements
10.2 Big Four IFRS Illustrative Financial Statements
10.3 Reference Guides: IAS 1, IFRS 18, CAMA 2020 and Materiality
10.4 Slides and Working Files Used in the Course
10.5 Course Work: XYZ Limited
Module 11: Final Assessment and Certification
Complete the final test and case study assessment to earn your certificate.
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Final Test: Practical Financial Statement Preparation (IFRS, Nigeria)
00:40:00
Practical Financial Statement Preparation
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