Financial Accounting and Reporting (FA&R) Course in Kenya

The Financial Accounting and Reporting (FA&R) Course in Kenya provides participants with a comprehensive overview of the latest developments and best practices in corporate finance. Through this course, one can evaluate financial reports, profit and loss statements, revenue and more.

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  • 24 Hours Training
  • Online / Classroom / Onsite
  • 27 Jul, 2024 / 27 Jul, 2024
  • Additional Program Dates
  • 100K+ Happy Students

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

The Financial Accounting and Reporting (FA&R) Course in Kenya is suitable for finance professionals who want to upskill in accounting and reporting. This training helps one to gain a deeper understanding of long-term liabilities. Candidates also gain the ability to analyse balance sheet accounts. 

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

The FA&R Course in Kenya includes the fundamentals of financial reporting standards and regulations. This course is led by industry experts. This helps candidates to learn how to manage financial information. Their expertise and decision-making within Kenya’s economic landscape are valued.

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

The FA&R Course in Kenya is popular among aspiring finance professionals. Through this course, one can easily record, report and disclose regular and unusual business transactions. These skills are highly demanded and valued by companies.

 

Industry Trends

The finance industry is constantly evolving as technology has overpowered the working process. Being certified in Financial Accounting and Reporting can bring a lot of opportunities. The demand for skilled financial experts has created lucrative job scopes in Kenya.

Market trends

Due to economic instability and market uncertainties, the financial and accounting job market has grown significantly. The demand for financial professionals has increased by 63%, especially those with FA&R certification.

 

Salary Trends

The demand for financial reporting responsibilities has increased. This has resulted in a 39% lack of skilled talent. These are FA&R-certified candidates who have a high earning potential. In Kenya, an accountant with financial reporting skills is earning an average salary of 156,000 KES per month.

 

Demand & Opportunities

The Financial Accounting and Reporting (FA&R) Course in Kenya offers rewarding career choices. Qualified professionals can find job options in various industries like banking, finance, manufacturing and government sectors.

Some job roles that benefit from the FA&R Course are as follows:

  1. Financial Accountants
  2. Auditors
  3. Financial Analysts
  4. Tax Consultants
  5. Budget Analyst
  6. Financial Controllers

Course Outcome

After completing the Financial Accounting and Reporting (FA&R) Course in Kenya, the candidate will be able to do the following:

  • Determine the best structure and presentation of the financial statements
  • Identify periodical adjustments and their effects on financial statements
  • Reconcile recurrent and non-recurring transactions' assets, liabilities, equity, revenues, and expenses
  • Determine the minimum disclosure requirements for major accounts of transactions in financial statements
  • Create comprehensive financial statements by starting with raw trial balances and ending with full disclosures

Course Module

  • The financial accounting cycle
  • Four or five key financial statements
  • Management uses of 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 the 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 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 capitalised in inventory value
  • Inventory cost flow assumptions
  • Presenting inventory at a lower cost or net realisable 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 amortisation
  • 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

27 Jul
  • 11:00 AM
  • Sat
  • 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 provider of Financial Accounting and Reporting Course in Kenya, we have substantial experience in teaching relevant skills and knowledge.
Our FA&R Course in Kenya offers the following advantages:

  • Our Financial Reporting courses in Kenya are designed based on real-world scenarios, formulating and evaluating practical requirements
  • Our Financial Accounting and Reporting course strives to provide a reality check and insight into the requirements of a challenging role and how to fulfil it
  • Our Financial Accounting and Reporting training course also provides live interactive sessions and hands-on experience through assignments associated with the actual work environment
  • To enhance the learning experience of our students we provide organised group sessions and integrated training modules in our Financial Reporting courses
  • Our discrete approach to career guidance enables our students to get successfully placed in renowned organisations

Learners Experience

“The FA&R Course in Kenya boosted my career scope. I am more confident in my job role and can make financial reports with ease and accuracy. Thank You Learners Point.”

Mary D’Souza

Budget Analyst

“Very informative and easy to learn. Covered all the necessary concepts to make one job ready. I am very impressed with Learners Point.”

Lupita Mugatsia

Corporate Controller

“Learners Point has greatly improved my knowledge of financial accounting and reporting. My self-esteem has also grown. The teacher was excellent and answered all of my questions. I wholeheartedly recommend this course to anyone."

Edwin Kauai

Finance Analyst

“I have recommended Learners Point to everyone. The teachers and staff are well-mannered and very helpful. I got my classes at my convenience. The training covered all the latest details of accounting reporting.”

Oliver Githinji

Finance Manager

“The FA&R Course in Kenya was amazing. My concepts of accounting and reporting have developed. My skills have improved too. Overall, I am satisfied with the course.”

Christine Oyaya

Tax Consultant

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 in Kenya

The Financial Accounting and Reporting (FA&R) Course in Kenya is delivered in two languages - English and Arabic.
Learners Point offers immersive, interactive and complete hands-on training for the Financial Accounting and Reporting (FA&R) Course in Kenya. Participants can select from our 3 modes of delivery: instructor-led classroom-based group coaching, one-on-one training sessions and high-quality live and interactive online sessions.
After finishing your Financial Accounting and Reporting (FA&R) Course in Kenya, you can get the following job roles that are as follows:
1) Auditors
2) Budget Analyst
3) Financial Accountants
4) Financial Analysts
5) Financial Controllers
6) Tax Consultants
At Learners Point, if a participant doesn’t wish to continue with the training for the Financial Accounting and Reporting (FA&R) Course in Kenya after the registration, he or she is entitled to a 100% refund. Refunds will only be issued if we receive a written application within two days of registration. Only after that, the refunds will be processed within 4 weeks from the day of discontinuation.
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