Programme Objective

The seminar provides guidance to help participants prepare financial statements.  The primary emphasis of this seminar is on FRS 1 and FRS 7

The seminar also examines the practical issues when preparing financial statements.

Programme Outline

FRS 1 Presentation of Financial Statements
Fair presentation and compliance with FRSs
Going concern
Materiality, aggregation and offsetting
Comparative information
Consistency of preparation

Structure and contents of financial statements
Transaction with shareholders 
Disclosure of accounting policies
Capital disclosure

FRS 118 Presentation and Disclosure in Financial Statements
Areas of significant change from FRS 1 vs FRS 118
Mapping of Statement of profit or loss

FRS 7 Statement of Cash Flows
Cash and cash equivalents
Cash flows from operating activities
Cash flows from investing activities
Cash flows from financing activities
Non-cash transactions
Disclosure requirements
FRS 118 Impact
 

Discuss common errors noted in financial statements and includes examples of presentation and disclosure 

Training Methodology

Lecture style with practical illustrations and interactive discussion 

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

Professional Accountants who are involved in the preparation of financial statements

Programme Facilitator(s)