NEVADA | PROFESSIONAL EXPERIENCE

Program Professional Framework

Preparing Financial Statements and the Annual Report

Program Overview

The annual report is the organisation's most scrutinised document, read by regulators, lenders, investors and the public. «Preparing Financial Statements and the Annual Report» guides finance teams through the year-end process: closing timetable, trial balance review, year-end adjustments, consolidation entries, preparation of the primary statements and notes under IFRS, disclosure checklists, management commentary, governance and sustainability sections, and coordination with external auditors and audit committees. It addresses regulatory filing expectations of GCC capital market authorities and companies regulators.

Learning Outcomes

✓Plan a year-end closing timetable with responsibilities, deadlines and review points.
✓Prepare year-end adjustments and consolidation entries from trial balances of group entities.
✓Prepare the primary financial statements and key notes in compliance with IFRS.
✓Complete a disclosure checklist and resolve gaps in notes and accounting policies.
✓Draft the management commentary section of the annual report consistent with the financial statements.
✓Coordinate the audit process, including the audit file, schedules and responses to auditor queries.

Target Audience

Financial reporting managers and accountants
Group consolidation accountants
Financial controllers and CFO office staff
Investor relations and corporate governance officers

Detailed Program Modules

01The Year-End Reporting Cycle

Closing timetable and responsibilities
Hard close versus fast close practices
Regulatory reporting deadlines in GCC markets

02Year-End Adjustments

Accruals, provisions and impairments
Inventory, receivables and asset reviews
Subsequent events

03Group Consolidation

Intercompany eliminations
Non-controlling interests and goodwill
Foreign subsidiaries and translation

04Preparing the Statements and Notes

Primary statements under IFRS
Accounting policies and significant judgements
Disclosure checklists and materiality

05The Annual Report Narrative

Chairman, board and management commentary
Corporate governance and risk sections
Sustainability and ESG reporting

06Audit Coordination and Publication

Preparing the audit file and supporting schedules
Audit committee review and approval
Final proofing and publication

Training Methodology

Interactive expert-led sessions grounded in workplace examples

Case studies and practical exercises drawn from the region

Group workshops with peer review of decisions and deliverables

Formative feedback against clear performance criteria

Applied Project & Assessment

Applied Project

Participants prepare a year-end reporting pack for a provided small group: closing timetable, consolidation workings, financial statements with selected notes, a completed disclosure checklist and a two-page management commentary draft.

Assessment

Short diagnostic at the start, practical tasks linked to each learning outcome, and evaluation of the applied project against published criteria.

University Certificate & International Accreditation

Professional Certificate accredited by City University Malaysia in Preparing Financial Statements and the Annual Report

International accreditation: International Auditors Group (IAG)