• To provide fundamental knowledge of financial reporting principles and frameworks
• To develop skills in preparing and presenting financial statements
• To introduce international financial reporting standards (IFRS)
• To prepare learners for entry-level roles in accounting and finance

Upon completion, learners will be able to:

1. Understand financial reporting concepts and frameworks
2. Prepare basic financial statements in accordance with standards
3. Interpret and analyze financial reports
4. Apply IFRS principles in financial reporting
5. Maintain proper financial documentation and disclosures

Module 1: Fundamentals of Financial Reporting

• Introduction to financial reporting
• Objectives and importance of financial reports
• Users of financial statements
• Conceptual framework basics

Module 2: Components of Financial Statements

• Statement of financial position
• Income statement
• Cash flow statement
• Statement of changes in equity
• Notes to financial statements

Module 3: Preparation of Financial Reports

• Recognition and measurement principles
• Adjusting entries
• Accruals and prepayments
• Closing procedures

Module 4: IFRS and Reporting Standards

• Introduction to IFRS
• Presentation of financial statements (IAS 1)
• Accounting policies and disclosures
• Compliance and regulatory requirements

Module 5: Analysis and Practical Applications

• Basic financial statement analysis
• Ratio analysis
• Interpretation of financial data
• Preparation of simple financial reports
• Use of accounting/reporting software basics

Project