Preparing Financial Statements and the Annual Report
Financial statements and the annual report are key communication channels between companies and their different stakeholders. By attending this course, you will be able to prepare financial statements as per the International Financial Reporting Standards (IFRS) which will allow you to maintain your company's financial reporting transparency and credibility. PrerequisitesNone — open to managers at all levels
Overview
Course Methodology
This course covers theoretical core topics in addition to introducing Excel for the preparation of financial statements. It also features the study of real life cases and presentations by participants.
Course Objectives
By the end of the course, participants will be able to:
- Explain each part of the accounting cycle
- Design effective chart of accounts
- Perform accounting adjustments including deferrals and accruals
- Prepare and present income statements, balance sheets, and cash flow statements
- Formulate notes to the financial statements
Target Audience
Senior and junior accountants, accounting and finance professionals, chief accountants, accounting managers and supervisors, financial controllers and any accounting and finance professionals interested in learning and updating their knowledge regarding the preparation of financial statements and notes.
Target Competencies
- Understanding the accounting cycle
- Designing chart of accounts
- Performing accounting adjusting entries
- Preparing and analyzing income statements
- Preparing and analyzing balance sheets
- Preparing and analyzing cash flow
- Reviewing and understanding financial statements notes
- Understanding the annual report components
Course Outline
- The ِAcounting Cycle
- Understanding the accounting cycle
- Supporting documents
- Analyzing transactions and recording in the system
- Preparing ledgers and General Ledgers (GL)
- Types of adjusting entries
- Preparing financial statements
- Closing the books
- Chart of Accounts and Design Techniques
- Designing the chart of accounts
- Maintenance of the chart of accounts
- Analyzing the chart of accounts
- Reconciliations and important issues
- Creating the trial balance
- Accounting Adjusting Entries
- Understanding deferrals
- Deferred revenues entries
- Deferred expenses entries
- Adjusting for accrued revenues
- Accrued expenses entries
- Preparing the adjusted trial balance
- Preparing Financial Statements and Notes
- Mapping the adjusted trial balance to the financial statements
- Preparing the income statement
- Preparing the balance sheet
- Preparing the cash flow statement
- Preparing the owners' equity statement
- Objectives of external audit
- Management Discussion and Analysis (MD&A)
- Notes To the Financial Statements
- Understanding the requirements for the notes
- Organization and activities of the notes
- Basis for preparation
- Summary of material accounting policy information
- Accounting convention
- Use of estimates
- Completing the financial statements and the notes
Certificate of Completion
Issued by Gulf Training Institute
Upon successful completion, participants receive a certificate of completion from Gulf Training Institute.
Schedule & Fees
| Date | Location | Duration | Price | |
|---|---|---|---|---|
|
18 Oct 2026
to 22 Oct 2026 |
Online | 5 Days | USD 2,000 | Enroll Now |
|
18 Oct 2026
to 22 Oct 2026 |
Online | 5 Days | USD 2,000 | Enroll Now |
|
25 Oct 2026
to 29 Oct 2026 |
Online | 5 Days | USD 2,000 | Enroll Now |
|
25 Oct 2026
to 29 Oct 2026 |
Online | 5 Days | USD 2,000 | Enroll Now |
|
01 Nov 2026
to 05 Nov 2026 |
Online | 5 Days | USD 2,000 | Enroll Now |
|
01 Nov 2026
to 05 Nov 2026 |
Online | 5 Days | USD 2,000 | Enroll Now |
|
08 Nov 2026
to 12 Nov 2026 |
Online | 5 Days | USD 2,000 | Enroll Now |
|
08 Nov 2026
to 12 Nov 2026 |
Online | 5 Days | USD 2,000 | Enroll Now |
|
15 Nov 2026
to 19 Nov 2026 |
Online | 5 Days | USD 2,000 | Enroll Now |
|
15 Nov 2026
to 19 Nov 2026 |
Online | 5 Days | USD 2,000 | Enroll Now |
|
22 Nov 2026
to 26 Nov 2026 |
Online | 5 Days | USD 2,000 | Enroll Now |
|
22 Nov 2026
to 26 Nov 2026 |
Online | 5 Days | USD 2,000 | Enroll Now |
|
29 Nov 2026
to 03 Dec 2026 |
Online | 5 Days | USD 2,000 | Enroll Now |
|
29 Nov 2026
to 03 Dec 2026 |
Online | 5 Days | USD 2,000 | Enroll Now |
|
06 Dec 2026
to 10 Dec 2026 |
Online | 5 Days | USD 2,000 | Enroll Now |
|
06 Dec 2026
to 10 Dec 2026 |
Online | 5 Days | USD 2,000 | Enroll Now |
|
13 Dec 2026
to 17 Dec 2026 |
Online | 5 Days | USD 2,000 | Enroll Now |
|
13 Dec 2026
to 17 Dec 2026 |
Online | 5 Days | USD 2,000 | Enroll Now |
|
20 Dec 2026
to 24 Dec 2026 |
Online | 5 Days | USD 2,000 | Enroll Now |
|
20 Dec 2026
to 24 Dec 2026 |
Online | 5 Days | USD 2,000 | Enroll Now |
|
27 Dec 2026
to 31 Dec 2026 |
Online | 5 Days | USD 2,000 | Enroll Now |
|
27 Dec 2026
to 31 Dec 2026 |
Online | 5 Days | USD 2,000 | Enroll Now |