Financial Reporting

About this Course

The Professional Certificate in Drafting Financial Statements is a comprehensive, specialised course designed for qualified accountants looking to upskill their expertise in the area of financial statement compilation. The course provides an in-depth exploration of the subject, ensuring that participants walk away with not just theoretical knowledge, but also a wealth of practical skills and tips they can immediately apply in their work / practice.

The curriculum spans eleven modules, each honing in on a specific aspect of financial statement compilation. The course begins by ensuring practitioners understand the breadth and limitations of their responsibilities across different entities, from sole proprietorships to public sector entities. The subsequent modules delve into the nuances of compilation engagements, covering everything from the appropriateness of these engagements for various entities to ethical considerations and legislative requirements.

Participants will also gain a comprehensive understanding of the International Financial Reporting Standards for Small and Medium-sized Enterprises (IFRS for SMEs), the International Standard on Related Services (ISRS) 4410, and the International Ethics Standards Board for Accountants (IESBA) Code. These modules offer a complete guide to the frameworks and regulations that govern financial statement compilation.

The course also emphasizes the use of the online software, providing step-by-step instructions and video demonstrations on how to set up, adjust entries, and finalize financial statements. The penultimate module offers a thorough review process for completed financial statements, while the final module gives practical advice on effectively communicating the results to clients, including strategies for providing value-adds and securing referrals and feedback.

In essence, this professional education course is an invaluable resource for qualified accountants seeking to provide top-tier compilation engagement services confidently and competently. By the end of the course, participants will be prepared to approach practical compilation engagements with a heightened level of proficiency, increasing their value and contribution in their respective roles