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Professional training course · AF-003

Financial Accounting and Reporting

With the rapid developments in accounting standards, regulations, and industry practices, professionals need continuous training to stay current on all the changes. They…

  • 5 daysClassroom
  • 13Upcoming dates
  • 5Cities
  • £2,250Fees from
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Financial Accounting and Reporting
Next classroom session Kuala Lumpur 14 - 18 Dec 2026 · £2,250 Also available Barcelona 18 - 22 Jan 2027 · £3,850

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

  1. 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
  2. 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
  3. 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
  4. 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
  5. 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.

All dates as PDF
December 2026
14DEC 14 - 18 Dec 2026Mon to Fri · 5 daysNext session
Malaysia flag Kuala LumpurMalaysia · Classroom
£2,250per delegate2+ people: £1,800 each
Register
January 2027
18JAN 18 - 22 Jan 2027Mon to Fri · 5 days
Spain flag BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
Register
February 2027
15FEB 15 - 19 Feb 2027Mon to Fri · 5 days
France flag ParisFrance · Classroom
£4,500per delegate2+ people: £3,600 each
Register
March 2027
15MAR 15 - 19 Mar 2027Mon to Fri · 5 days
Germany flag FrankfurtGermany · Classroom
£3,250per delegate2+ people: £2,600 each
Register
April 2027
19APR 19 - 23 Apr 2027Mon to Fri · 5 days
Spain flag BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
Register
May 2027
17MAY 17 - 21 May 2027Mon to Fri · 5 days
Germany flag FrankfurtGermany · Classroom
£3,250per delegate2+ people: £2,600 each
Register
June 2027
21JUN 21 - 25 Jun 2027Mon to Fri · 5 days
Italy flag RomeItaly · Classroom
£4,250per delegate2+ people: £3,400 each
Register
July 2027
19JUL 19 - 23 Jul 2027Mon to Fri · 5 days
Malaysia flag Kuala LumpurMalaysia · Classroom
£2,250per delegate2+ people: £1,800 each
Register
August 2027
16AUG 16 - 20 Aug 2027Mon to Fri · 5 days
Spain flag BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
Register
September 2027
20SEP 20 - 24 Sep 2027Mon to Fri · 5 days
France flag ParisFrance · Classroom
£4,500per delegate2+ people: £3,600 each
Register
October 2027
18OCT 18 - 22 Oct 2027Mon to Fri · 5 days
Germany flag FrankfurtGermany · Classroom
£3,250per delegate2+ people: £2,600 each
Register
November 2027
15NOV 15 - 19 Nov 2027Mon to Fri · 5 days
Spain flag BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
Register
December 2027
20DEC 20 - 24 Dec 2027Mon to Fri · 5 days
Germany flag FrankfurtGermany · Classroom
£3,250per delegate2+ people: £2,600 each
Register

Questions

Frequently asked questions

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.

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.

Course information last updated 14 November 2026.

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