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

The Financial Accounting and Reporting (FA&R) Course in Nigeria caters to finance and accounting professionals. By getting trained, one can effectively manage financial information and contribute to sound financial decision-making within businesses. The course explores the important financial reporting principles, standards and regulations.

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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 Nigeria All About?

The Financial Accounting and Reporting (FA&R) Course in Nigeria has interactive techniques, brief presentations, theory applications and group exercises. This promotes knowledge exchange and practical application. The course keeps candidates updated in accounting standards, regulations and industry practices.

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

The FA&R Course in Nigeria equips candidates with valuable skills to excel in financial reporting within their local business environment. Getting trained can help one to gain a competitive edge to grab high paying jobs.

 

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

Organisations prefer candidates having completed the FA&R Course in Nigeria. A trained candidate understands complex accounting rules and regulations. In Nigeria's dynamic business environment, their skills in data collection and trend detection are valuable assets.

 

Industry Trends

Technology has transformed the operations especially in the finance industry. Being qualified in Financial Accounting and Reporting might open up several doors. The increased need for experienced financial specialists has resulted in lucrative work opportunities in Nigeria.

 

Market trends

The finance and accounting employment market has expanded drastically due to economic insecurity and market uncertainty. Financial professionals, particularly those with FA&R certification, are in high demand, with a 63% rise in demand.

Salary Trends

Financial reporting jobs are in high demand. Moreover, there is a 39% shortage of skilled talent. Candidates that are FA&R certified have a great earning potential. In Nigeria, a financial and accounting manager is earning an average salary of 352,000 NGN per month.

Demand & Opportunities

The Financial Accounting and Reporting (FA&R) Course in Nigeria 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 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 Nigeria, 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 sheet 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 Nigeria , we have substantial experience in teaching relevant skills and knowledge.
Our FA&R Course in Nigeria offers the following advantages:

  • Our Financial Reporting courses in Nigeria 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

“Investing in the FA&R Course in Nigeria at Learners Point was the best decision. My financial reporting skills have improved a lot. I have recommended this course to my friends as well.”

Kareem Kosoko

Financial Analyst

“After joining this course, my accounting career has transferred. With my new skills and expanded knowledge, I got promoted to Finance Manager. Thanks to Learners Point, I am more confident and happy with my job.”

Stan Donga

Finance Manager

“Learners Point has significantly increased my understanding of financial reporting and accounting. My confidence has increased as well. The instructor was outstanding and answered all of my queries. I definitely recommend this course to everyone.”

Ashley Egbi

Business Analyst

“The course is filled with important topics and latest updates regarding accounting regulations. This helped me a lot to learn about the new concepts. I am glad that I chose Learners Point for this course.”

Yomi Okoye

Tax Consultant

“The FA&R training covered all of the most recent accounting reporting details. The staff and teachers are very nice and friendly. They arranged my classes around my working schedule. I am very satisfied with my experience.”

Frank Oyetoro

Tax Auditor

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 Nigeria

The Financial Accounting and Reporting (FA&R) Course in Nigeria is delivered in two languages - English and Arabic.
Learners Point offers immersive, interactive and a complete hands-on training for the Financial Accounting and Reporting (FA&R) Course in Nigeria. 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.
There is no specific eligibility criteria for enrolling in the FA&R Course in Nigeria. Although, knowledge of financial reporting or work experience in the financial field will be an added advantage.
At Learners Point, if a participant doesn’t wish to continue with the training for Financial Accounting and Reporting (FA&R) Course in Nigeria 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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