How long is the Financial Accounting and Reporting course?

The course runs over 5 days of classroom training, usually Monday to Friday.

When is the next Financial Accounting and Reporting course?

The next public date is 14 - 18 Dec 2026 in Kuala Lumpur. There are 13 upcoming dates in total.

Where is this course held?

Upcoming sessions run in Kuala Lumpur, Barcelona, Paris, Frankfurt, Rome.

Can I take Financial Accounting and Reporting online?

Yes. Every date can also be joined live online in a virtual classroom with the trainer, for £1,280 per participant. Choose "Live online" in the dates table when you register.

How much does the course cost?

Fees start from £2,250 per delegate, depending on the city. Fees include tuition and course materials.

Do participants receive a certificate?

Yes. Delegates who complete the course receive a London Leadership Management Innovation certificate of completion.

Can this course be delivered in-house for our team?

Yes. LLMI can tailor and deliver this course privately for your organisation at your premises or in one of our training cities.

Financial Accounting and Reporting (AF-003) Training Course

Course overview

Why Attend

With the rapid developments in accounting standards, regulations, and industry practices, professionals need continuous training to stay current on all the changes. They also need to improve the quality of financial reporting by recording, reporting, and disclosing usual and unusual business transactions. 'Financial Accounting and Reporting' is a course prepared to help professionals understand and practice the accounting and reporting of business transactions and results, aiming to comply with IFRS and support decision-making.

Course Methodology

The course uses interactive techniques, such as brief presentations by the consultant, the practical application of theories, and group exercises to exchange experience and apply knowledge acquired throughout the course.

Course Objectives

By the end of the course, participants will be able to:

List the basic financial statements and determine the best structure and presentation practices
Explain how to properly account for revenues and expenses, leading to the preparation of an income statement
Classify the accounts of assets, liabilities, and equity, leading to the preparation of the balance sheet and statement of owners’ equity
Prepare the cash flow statement
Apply accounting adjustments required for accurate financial reporting
Recognize reporting for major accounts and transactions

Target Audience

Professionals in finance and accounting, accountants at all levels seeking to enhance practical finance and accounting knowledge, and certified financial and accounting personnel.

Target Competencies

Mapping trial balance accounts to financial statements accounts
Applying accounting adjustments
Preparing financial statements
Practicing financial statements' notes preparation
Realizing minimum disclosure requirements
Applying International Financial Reporting Standards (IFRS)

Course outline

1Day 1: Financial Statements and Business Decisions and more
- Financial Statements and Business Decisions
- The financial accounting cycle
- The four or five key financial statements
- Management uses of financial statements
- Relationship among financial statements
- Essential notes and disclosures to the financial statements
- Basis of preparation
- Accounting Policies
- Related parties' transactions
- Commitments and contingencies
- Risk management
- Subsequent events
2Day 2: Income Statement & Balance Sheet and Statement of Owners' Equity
- Income Statement
- Revenue and expense recognition: Applying the accrual basis
- The matching principle between revenues and expenses
- Illustration of the income statement
- Other comprehensive income components
- Earnings per share reporting
- Balance Sheet and Statement of Owners' Equity
- Purpose of the balance sheet
- Components of the balance sheet accounts
- Illustration of the balance sheet
- Minimum presentation requirements of balance sheet accounts
- Definitions of accounts in the balance sheet
- Correct presentation for statement of owners' equity
3Day 3: Cash Flow Statement & Accounting Adjustments
- Cash Flow Statement
- Purpose of the cash flow statement
- Exploring the three sections of a cash flow statement
- Direct method cash flow statement preparation
- Indirect method cash flow statement preparation
- Linking cash flow statements to notes
- Accounting Adjustments
- Accruals and unearned revenues
- Prepayments and deferrals
- Accounting estimates
- Depreciation
- Impairment of assets
4Day 4: Financial Reporting for Major Accounts and Transactions
- Measuring and reporting accounts receivable
- Estimating and accounting for bad debts
- Costs to be capitalized in inventory value
- Inventory cost flow assumptions
- Presenting inventory at a lower cost or net realizable value
- Classifying, measuring, and recording long-lived assets
- Repairs, maintenance, and additions to long-lived assets
- Depreciation and amortization
- Disposal of long-lived assets
- Accounting and reporting for intangibles
5Day 5: Accounting for investments
- Passive investment, exercising significant influence or control
- Types of equity and debt investments
- Definitions and classification of liability accounts
- Types of ownership and stocks
- Accounting for capital and dividends

Schedule

Dates and fees

13 upcoming dates in 5 cities. Fees are per delegate; bring colleagues and every seat is discounted. Every date can also be joined live online for £1,280.

All dates as PDF

December 2026

14DEC 14 - 18 Dec 2026Mon to Fri · 5 daysNext session

Kuala LumpurMalaysia · Classroom

£2,250per delegate2+ people: £1,800 each

January 2027

18JAN 18 - 22 Jan 2027Mon to Fri · 5 days

BarcelonaSpain · Classroom

£3,850per delegate2+ people: £3,080 each

February 2027

15FEB 15 - 19 Feb 2027Mon to Fri · 5 days

ParisFrance · Classroom

£3,250per delegate2+ people: £2,600 each

March 2027

15MAR 15 - 19 Mar 2027Mon to Fri · 5 days

FrankfurtGermany · Classroom

£3,250per delegate2+ people: £2,600 each

April 2027

19APR 19 - 23 Apr 2027Mon to Fri · 5 days

BarcelonaSpain · Classroom

£3,850per delegate2+ people: £3,080 each

May 2027

17MAY 17 - 21 May 2027Mon to Fri · 5 days

FrankfurtGermany · Classroom

£3,250per delegate2+ people: £2,600 each

June 2027

21JUN 21 - 25 Jun 2027Mon to Fri · 5 days

RomeItaly · Classroom

£4,250per delegate2+ people: £3,400 each

July 2027

19JUL 19 - 23 Jul 2027Mon to Fri · 5 days

Kuala LumpurMalaysia · Classroom

£2,250per delegate2+ people: £1,800 each

August 2027

16AUG 16 - 20 Aug 2027Mon to Fri · 5 days

BarcelonaSpain · Classroom

£3,850per delegate2+ people: £3,080 each

September 2027

20SEP 20 - 24 Sep 2027Mon to Fri · 5 days

ParisFrance · Classroom

£3,250per delegate2+ people: £2,600 each

October 2027

18OCT 18 - 22 Oct 2027Mon to Fri · 5 days

FrankfurtGermany · Classroom

£3,250per delegate2+ people: £2,600 each

November 2027

15NOV 15 - 19 Nov 2027Mon to Fri · 5 days

BarcelonaSpain · Classroom

£3,850per delegate2+ people: £3,080 each

December 2027

20DEC 20 - 24 Dec 2027Mon to Fri · 5 days

FrankfurtGermany · Classroom

£3,250per delegate2+ people: £2,600 each

Live online, on the same dates

Join the class in real time from your office or home: live sessions with the trainer, group discussion, course materials and a certificate of completion. Joining details are emailed before the course starts.

December 2026

14DEC 14 - 18 Dec 2026Mon to Fri · 5 daysNext session

Live onlineVirtual classroom · join from anywhere