: Mercury Training Center
: Istanbul-Turkey: +905395991206 - Amman-Jordan: +962785666966 - London (UK): +447481362802

Finance and Accounting Courses

Preparing Financial Statements


Introduction:

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.

Targeted Groups:

  • Senior and Junior Accountants
  • Accounting and Finance Professionals
  • Chief Accountants
  • Accounting Managers and Supervisors
  • Financial Controllers
  • Any Accounting and Finance Professional interested in learning and updating their knowledge regarding the preparation of financial statements and notes.

Course Objectives:

At the end of this course the participants will be able to:

  • Understand the accounting cycle and why it is important.
  • Read and interpret a company’s financial statements.
  • Understanding the designing chart of account.
  • Adjust Entries
  • Understand the financial statements and their elements.
  • Learn techniques to analyze the financial statements and understand their issues

Targeted 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
  • Utilizing Excel functions

Course Content:

Unit 1: The Accounting Cycle:

  • Analyze and measure transactions.
  • Record transactions in the journal.
  • Post information from the journal to the ledger.
  • Prepare an unadjusted trial balance.
  • Preparing adjusting entries.
  • Prepare an adjusted trial balance.
  • Prepare financial statements.
  • Prepare closing entries.
  • Prepare a post-closing trial balance.

Unit 2: Designing Chart of Accounts:

  • The chart of accounts design
  • Chart account examples.
  • The 5 major accounts in accounting.
  • The order of account categories on the chart of accounts.
  • The standard chart of accounts.
  • Creating a chart of accounts in SAP.
  • What does the chart of accounts structure set?

Unit 3: Performing Accounting Adjustment Entries:

  • What are accounting adjustments?
  • Classes and Types of Adjusting Entries
  • The 5 types of adjusting entries.
  • What is adjusting entries in accounting? with example.
  • the 4 types of adjusting entries.
  • The two basic categories of adjusting entries.
  • The easiest way to understand adjusting entries.

Unit 4: Preparing Financial Statements:

  • Introduction to Financial Statement Preparation.
  • The order of preparation for financial statements.
  • The 4 financial statements.
  • Constructing a Balance Sheet.
  • Constructing an Income Statement.
  • Constructing a Cash Flow Statement.
  • Statement of retained earnings.
  • Issues in financial statements.

Unit 5: Reviewing and Understanding Financial Statements Notes:

  • Understanding Financial Statements
  • Verifying financial statements.
  • Analyzing a balance sheet.
  • Reviewing financial statements.
  • Financial statement review checklist.


UAE (Dubai)
12/12/2021 - 16/12/2021
Euro 3700
France (Paris)
13/12/2021 - 17/12/2021
Euro 4500
UK (London)
27/12/2021 - 31/12/2021
Euro 4500
Jordan (Amman)
9/1/2022 - 13/1/2022
Euro 2500
Turkey (Istanbul)
9/1/2022 - 13/1/2022
Euro 3000
UAE (Dubai)
16/1/2022 - 20/1/2022
Euro 3700
Italy (Rome)
17/1/2022 - 21/1/2022
Euro 4500
Manama (Bahrain)
13/2/2022 - 17/2/2022
Euro 2500
Online
6/3/2022 - 10/3/2022
Euro 1250
France (Paris)
7/3/2022 - 11/3/2022
Euro 4500
UK (London)
14/3/2022 - 18/3/2022
Euro 4500
USA (Boston)
14/3/2022 - 18/3/2022
Euro 5000
Ukraine (Kyiv)
14/3/2022 - 18/3/2022
Euro 3500
Egypt (Cairo)
20/3/2022 - 24/3/2022
Euro 2500
Kuwait (Kuwait)
20/3/2022 - 24/3/2022
Euro 2500
Egypt (Cairo)
17/4/2022 - 21/4/2022
Euro 2500
Netherlands (Amsterdam)
18/4/2022 - 22/4/2022
Euro 4500
Egypt (Sharm El-Sheikh)
24/4/2022 - 28/4/2022
Euro 2500
Spain (Barcelona)
25/4/2022 - 29/4/2022
Euro 4500
Malaysia (Kuala Lumpur)
1/5/2022 - 5/5/2022
Euro 3500
Switzerland (Geneva)
16/5/2022 - 20/5/2022
Euro 4500
UAE (Dubai)
22/5/2022 - 26/5/2022
Euro 3700
Online
5/6/2022 - 9/6/2022
Euro 1250
Spain (Barcelona)
6/6/2022 - 10/6/2022
Euro 4500
Germany (Munich)
6/6/2022 - 10/6/2022
Euro 4500
Spain (madrid)
20/6/2022 - 24/6/2022
Euro 4500
Malaysia (Kuala Lumpur)
3/7/2022 - 7/7/2022
Euro 3500
Turkey (Istanbul)
3/7/2022 - 7/7/2022
Euro 3000
Turkey (Istanbul)
10/7/2022 - 14/7/2022
Euro 3000
Manama (Bahrain)
17/7/2022 - 21/7/2022
Euro 2500
France (Paris)
1/8/2022 - 5/8/2022
Euro 4500
Greece (Athens)
1/8/2022 - 5/8/2022
Euro 4500
UAE (Dubai)
7/8/2022 - 11/8/2022
Euro 3700
Egypt (Cairo)
7/8/2022 - 11/8/2022
Euro 2500
Spain (Marbella)
15/8/2022 - 19/8/2022
Euro 4500
Online
28/8/2022 - 1/9/2022
Euro 1250
UK (London)
29/8/2022 - 2/9/2022
Euro 4500
Jordan (Amman)
2/10/2022 - 6/10/2022
Euro 2500
Online
9/10/2022 - 13/10/2022
Euro 1250
Spain (madrid)
10/10/2022 - 14/10/2022
Euro 4500
Egypt (Cairo)
16/10/2022 - 20/10/2022
Euro 2500
UAE (Dubai)
23/10/2022 - 27/10/2022
Euro 3700
UK (London)
24/10/2022 - 28/10/2022
Euro 4500
Malaysia (Kuala Lumpur)
30/10/2022 - 3/11/2022
Euro 3500
Spain (Barcelona)
31/10/2022 - 4/11/2022
Euro 4500
Canada (Toronto)
31/10/2022 - 4/11/2022
Euro 5000
Singapore (Singapore)
7/11/2022 - 11/11/2022
Euro 4500
Egypt (Sharm El-Sheikh)
13/11/2022 - 17/11/2022
Euro 2500
Italy (Rome)
21/11/2022 - 25/11/2022
Euro 4500