Financial Statements Preparation: Accuracy, Compliance, and Clarity
Overview
Preparing accurate, compliant, and decision-ready financial statements is a core responsibility of any finance team, and this course provides a robust framework for doing just that. You’ll master the technical and contextual aspects of financial reporting, from footnote disclosures to going concern evaluations, ensuring that your financial statements stand up to both internal and external scrutiny. Whether you’re preparing for your first full-cycle close or refining your team’s annual reporting process, this course offers clear guidance on structuring core financial statements, applying GAAP or IFRS requirements, and aligning financial data with strategic intent. With real-world case examples, practical tools, and insights from seasoned mentors, you’ll learn how to identify red flags, avoid common errors, and communicate more effectively with auditors, boards, and investors—ultimately improving your reporting process and strengthening your team’s controls.
Learning Objectives:
After completion of this course, participants will be able to:
- Identify the key components required for accurate preparation of financial statements under GAAP or IFRS
- Recognize how to structure footnote disclosures to meet regulatory and stakeholder expectations
- Determine when and how to evaluate going concern status and document associated risks
- Differentiate between adjustments, estimates, and post-balance sheet events in statement preparation
- Select the appropriate communication strategy for presenting financial statements to internal and external stakeholders
This course includes practical exercises, mentor insights, and scenario-based questions to reinforce learning and ensure participants can apply key concepts in real-world finance leadership situations. Upon successful completion, participants will receive a CPD-accredited certificate.
Lessons:
Lesson 1: Foundations of Financial Statement Integrity
This module covers the purpose of financial statements, key reporting frameworks, and evaluating a company’s going concern for effective compliance and stakeholder communication.
Lesson 2: Assembling the Core Statements
This module guides you through preparing core financial statements, focusing on accuracy, handling complex transactions, and intercompany eliminations, ensuring clear, confident, and audit-ready reporting.
Lesson 3: Enhancing Clarity Through Disclosures
This module teaches you to create clear, compliant footnotes and disclosures that enhance transparency, focusing on key judgments, estimates, and strategic communication with stakeholders.
Additional Information
CPD Hours: 2
Field of Study: Finance
No prerequisite knowledge is required to be successful in this course.
No advance preparation is required.
Program Level: Basic
Delivery Method: QAS Self Study
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