Training bag: Ifrs and 2021 amendments

It is a training bag aimed at introducing participants to the principles and complexities of IAS as well as the concepts and areas of application of IFRS financial writing and reporting standards.  

Detailed objectives of the training bag

• Introducing participants to the concept and types of financial statements and their importance in administrative decision-making.
• Clarification of the most important financial statements and their most important basic items and complementary explanations for each list.
• Enable participants to understand financial analysis and its importance in making decisions and determining future facility policies.
• Give participants financial analysis skills by analyzing different financial ratios and indicators.
• View an application study of participants reading financial statements.

A detailed overview of a training bag: Ifrs and 2021 amendments

Financial analysis is a science with rules, standards and foundations that is interested in collecting data and information on the financial reports of the facility and conducting the necessary classification for it and then subjecting it to a detailed and accurate study and finding the link and the relationship between them, For example, the relationship between current assets representing liquidity in the enterprise and current liabilities that constitute short-term obligations on the enterprise and the relationship between property funds and long-term liabilities. In addition to the relationship between revenues and expenses and then explain the results reached and look for their causes in order to discover weaknesses and strengths in financial plans and policies in addition to evaluating control systems and developing the necessary solutions and recommendations for that in a timely manner. Financial analysis is defined as an activity related to the conversion of financial statements recorded in financial statements into information with certain connotations from the point of view of the analyst, To judge the strengths and weaknesses of the facility’s financial policies. Financial analysis in its general context does not depart from the meaning of interpretation and the creation of understandable relationships between financial statements, making them clearer and more useful from the point of view of the decision-maker, whether internal or external. Effective decision-making depends on the timely availability of the right financial information. In both private and government institutions, This information helps to transform decisions from routine to effective. This training bag aims to introduce the participant to how to read financial statements, and interpret their numbers through the use of financial analysis tools, Financial statements will be identified and how they are prepared, How can these lists be read, accounting and financial statements analysed and relevant financial reports prepared in such a way that managers within the business can make appropriate decisions.

Target groups

The International Financial Reporting Standards Course (IFRS) and the 2021 Amendments are a training portfolio for:

• All managers and supervisors.
• All managers of the heads of financial departments and their assistants.
• Accountants and financial analysts.
• All administrative levels that participate in the preparation of budgets.