Financial Reports Study and Analysis

Objectives:

·   Define financial reports.

·   Discuss financial reports preparation standards.

·   Apply reading principles of financial report.

·   Derive conclusions from financial reports analysis.

Contents:

1-     Financial Reports for Internal Use

·   Financial reports for planning: Budgets.

·   Financial reports for control

·   Financial reports for performance evaluation: Responsibility accounting.

2-     Financial Reports for External Use

·   External environment components interested in financial reports.

·   Financial statements: Financial position, income statement, cash flows, profit distribution.

·   Basics & standards of financial reports preparation.

·   Relationship between different financial reports and its effect on financial analysis.

3-     Financial and Accounting Analysis for Income Statement

·   Revenues and expenses: Definition, determination and evaluation.

·   One stage income statement.

·   Multistage income statement.

4-     Financial and Accounting Analysis for Financial Position Statement

·   Financial and accounting indicators.

·   Working capital: Concepts and components.

·   Horizontal and vertical analysis.

5-     Financial and Accounting Analysis for Cash Flow Statement

·   Cash flow from operating activities, investment and transformation.

·   Cash flow statement preparation techniques: Direct and indirect.

·   Financial and accounting indicators.

·   Horizontal and vertical analysis.