Financial Accounting and Reporting (FA&R) Course

The Financial Accounting and Reporting Course is designed to update your knowledge and practical skills in financial accounting and corporate reporting. It aligns with the latest developments in financial reporting. After completing the Financial Accounting & Reporting course, one can confidently interpret key financial statements—income statements, balance sheets, and cash flow statements.

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  • 24 Hours Training
  • Online / Classroom / Onsite
  • 25 Feb, 2024 / 25 Feb, 2024
  • Additional Program Dates
  • 100K+ Happy Students

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What is The Financial Accounting and Reporting (FA&R) Course All About?

The Financial Accounting and Reporting Course helps in preparing essential financial statements such as the balance sheet, income, and cash flow statement. This helps to prepare statements effectively and calculate crucial ratios that assist in informed decision-making.  

Why is The Financial Accounting and Reporting (FA&R) Course in Nigeria Important?

In the Financial Accounting and Reporting course, you'll understand the vital role of financial reporting. It offers clarity and openness regarding a company's financial status and its daily activities. The primary aim is to provide stakeholders with precisely the right information, presented with the appropriate level of detail. 

How Does the Financial Accounting & Reporting (FA&R) Course Help You Get Hired by Companies?

The Financial Accounting and Reporting course helps in expanding your network, boost your resume, and increase your income. This helps showcase skills through financial reporting to demonstrate value to employers and clients. It also helps in staying updated on modern trends and qualifying for higher positions.

Industry Trends


As per a Sage report, around 90% of accountants sense a cultural shift towards technology in the field of accountancy (Sage, 2019). This has led to an increase in the demand for the Financial Accounting and Reporting Course. Notably, the top 5 accounting trends to watch for in 2024 are as follows: 

  • Automation
  • Technological Advancements
  • Big Data Analytics
  • Cloud-Based Accounting Solutions
  • Sustainability

Market trends

The Global Financial Accounting market is said to have significant growth between 2022 and 2030. As of 2021, the market demonstrated steady growth. With key players implementing effective strategies, further expansion is expected in the upcoming years.

Salary Trends

A career in accounting is ideal for professionals seeking to apply their analytical and organizational skills. According to the U.S. Bureau of Labor Statistics, accountants are projected to experience a 4% growth rate by 2029.

Here are some of the salaries earned by professionals in the MENA region that are listed below:

  • Dubai: AED 6500 monthly
  • Saudi Arabia: SAR 103500 annually
  • Qatar: QAR 5500 monthly

These figures indicate the lucrative job opportunities and financial rewards that come after completing the Financial Accounting and Reporting Course. This makes it a valuable investment in one's career.

 

Demand & Opportunities


The future of accounting functions is set to heavily depend on the usage of smart technologies. Hence the Financial Accounting and Reporting course is essential for professionals. 

A few of the most-sought Financial Accounting and Reporting jobs are as follows:

  1. Financial Manager
  2. Managerial Accountant
  3. Financial Analyst
  4. Budget Analyst
  5. Public Accountant

Course Outcome


  • Successful completion of the Financial Accounting and Reporting course will help you to:
  • Understand fundamental financial accounting concepts in detail
  • Learn to compile financial statements for regular financial reporting
  • Develop critical analysis skills to assess and evaluate financial figures 
  • Master the appropriate format and disclosure requirements for financial statements
  • Gain insights to create Integrated Reports for the organization

Course Module


  • The financial accounting cycle
  • Four or five key financial statements
  • Management uses financial statements
  • Relationship among financial statements
  • Essential notes and disclosures to the financial statements
  • Basis of preparation
  • Accounting policies
  • Related parties' transactions
  • Contingencies
  • Risk management
  • Subsequent event
  • Simulation 1: Reporting on general information, the basis of preparation and significant accounting policies
  • Minimum presentation requirements of balance sheet accounts
  • Definitions of accounts in the balance sheet
  • Correct presentation for a statement of owners' equity
  • Simulation 4: Mapping accounts and preparing equity and balance sheets using Excel

 

  • Accruals and unearned revenues
  • Prepayments and deferrals
  • Accounting estimates
  • Revenue and expense recognition: applying the accrual basis
  • Matching principle between revenues and expenses
  • Other comprehensive income components
  • Earnings per share reporting
  • Simulation 2: Mapping accounts and preparing income statements using Excel
  • Simulation 3: Creating Income Statement Disclosures

 

  • Exploring the three sections of a cash flow statements
  • Direct versus indirect method of cash flow statement preparation
  • Linking cash flow statements to notes
  • 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
  • Simulation 5: Hands-on preparation of disclosures on current assets
  • 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
  • Accounting for investments
  • Passive investment, exercising significant influence or control
  • Types of equity and debt investments
  • Simulation 6: Hands-on preparation of disclosures on non-current assets
  • Definitions and classification of liability accounts
  • Types of ownership and stock
  • Accounting for capital and dividends
  • Simulation 7: Required disclosures on long-term obligations and equity
  • Wrapping it up: Linking notes to the face of financial statements

 

Program Dates


25 Feb
  • 09:00 AM
  • Sun
  • Online Live
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Expert Instructors & Teaching Methods


Dr Srinivas is a leading industry professional in the field of finance and accounting. He is an established corporate trainer with demonstrated experience in his field. He is the holder of some of the world’s most valued professional credentials such as CMA, CPA, PMP, CCA, CFE, etc. He has an extensive educational background as well in finance which establishes his mettle in designing, developing and delivering excellent training programs. His training records mark exceptional results in guiding and teaching professionals of all experience levels and from diversified backgrounds. He integrates his excellent presentation skills with the knowledge of educational theories and methodologies to provide onsite and virtual training that is of unparalleled quality. His high community services contribution also ascertains his commitment to training potential aspirants to become tomorrow’s professionals.

Education

  • ⦾ Ph.D. in Management, 2018 (Provisional yet to be received) OPJS University, India
  • ⦾ M.Sc. in Applied Psychology 2016, Bhartiyar University, India
  • ⦾ MBA in Finance 2012, Nagarjuna University, India
  • ⦾ LLB 1998, Osmania University, India
  • ⦾ M.Com 1994, Osmania University, India
  • ⦾ B. Com 1990, Osmania University, India

 

Professional Qualifications

 

  • ⦾ Certified Public Accountant, (CPA), The American Institute of Certified Public Accountants, U.S.A
  • ⦾ Certified Management Accountant, (CMA), The Institute of Management Accountants, USA
  • ⦾ Certified Fraud Examiner, (CFE), Association of Fraud Examiners, USA
  • ⦾ Certified Cost Accountant (ICWA-Inter), The Institute of Cost and Works Accountants of India, India
  • ⦾ Project Management Professional (PMP), Project Management Institute

Dr. Srinivas, PhD, MSc, MBA, LLB, CMA, CPA, PMP

Why Count on Learners Point?


Being the leading providers of the Financial Accounting and Reporting Course, at Learners Point we help professionals master the necessary skill sets to complete the Financial Accounting and Reporting Course.

Following are the USPs our Financial Accounting and Reporting Course offers you:

  • We look at real-world scenarios organizations face and formulate our Financial Accounting and Reporting course evaluating practical requirements.
  • Apart from theoretical knowledge, we also focus on practical case studies to give you a reality check and insight into what exactly will be asked of you while delivering in a demanding role.
  •  Our bespoke Financial Accounting and Reporting course also equips you with hands-on experience by offering assignments related to the actual work environment.
  • Apart from organizing group sessions, we also offer a guided learning experience to enhance the quality of our Financial Accounting and Reporting course.
  •  We also take a discrete approach to career guidance so that one can be successfully placed as a professional.

Learners Experience


"I can't emphasize enough how valuable this course was. The attention to detail in preparing financial statements and the emphasis on emerging trends made it incredibly relevant. Thanks to Learners Point, I'm now excelling in my financial reporting role."

Neaz Xavier

Public Accountant

"The Financial Accounting and Reporting Course not only enhanced my skills but also boosted my confidence. The industry-relevant modules and focus on practical applications set Learners Point apart. I now feel ready for any financial reporting challenge."

Waqar Rao

Budget Analyst

"The course content was comprehensive, and the guidance was exceptional. From mastering financial statements to practical Excel skills, it covered it all. Learners Point equipped me with the tools needed for success in financial reporting."

Amisha Reaz

Financial Analyst

"Completing the course was a game-changer for my career. The hands-on approach and real-world scenarios provided insights beyond textbooks. Learners Point's Financial Accounting and Reporting Course truly prepared me for the industry."

Wafira Sheikh

Managerial Accountant

The Financial Accounting and Reporting Course at Learners Point transformed my understanding of financial concepts. Practical case studies made the learning experience enriching. Now, I confidently navigate the complexities of financial reporting.

Shabbir Raq

Financial Manager

Our Graduates


Our graduates are from big companies, small, companies, they are founders, career changers and life long learners. Join us and meet your tribe!

FAQs on Financial Accounting and Reporting (FA&R) Course

The prerequisites to apply for the Financial Accounting and Reporting Course are as follows:
1) Earn a Bachelor's in Accounting or a Related Field
2) Complete at Least One Internship
3) Gain Experience up to Three Years
4) Pursue an Advanced Degree
The exam duration of the Financial Accounting and Reporting Course is 3 hours.
The passing mark of the Financial Accounting and Reporting Course is 55%.
There are 4 exam attempts to complete the Financial Accounting and Reporting Course.
The Financial Accounting and Reporting Course exam covers four main areas:
1) Conceptual Framework
2) Standard-setting and financial reporting
3) Financial statement accounts
4) State and Local Government Transactions
The exam pattern of the Financial Accounting and Reporting Course is 66 multiple choice-based questions and 8 task-based simulations.
The Financial Accounting and Reporting Course examination is held in March, June, September, and December.
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