Financial communication
Etablissement : ISEA – Institut Supérieur d’Expertise et d’Audit
Langue : Anglais
Formation(s) dans laquelle/lesquelles le cours apparait :
- Aucune formation en lien avec ce cours.
Période : S4
The aim of the course is to facilitate and stimulate an effective English communication skills of the students on all the main aspects regarding the financial reporting. At the end of the course, the students will be able to :
- Read and understand the financial aspects of a company
- Discuss and comments them with colleagues and practitioners
- Describe how the rules of corporate financial reporting affect the application of standards
- Identify and evaluate financial statements
- Comprehend the theory and practices of corporate financial reporting
- Use financial reporting theory and practices to analyse the performance of a company
Topics covered :
- Introduction to Financial Reporting : financial reporting as the provision of decision-useful information to users – who users are, what needs do they have, and how is the financial information used.
- Qualitative characteristics of financial information
- Financial accounting as the preparation of the financial reports
- Underlying concepts – business entity, historic cost, accruals, and prudence
- Accounting systems, including double-entry bookkeeping and the trial balance
- Accounting for accruals and prepayments, depreciation and bad and doubtful debts
- Preparation of the main financial statements – the statement of financial position, the income statement and, for companies, the statement of changes in equity – from the trial balance, including consideration of accruals and prepayments, depreciation and bad debts / doubtful debts
- The IASB – its development, authority and accountability
- The alternative methods of presenting the income statement – reporting expense by nature or by function
Basis for the course :
Jennifer Maynard, Financial accounting, reporting and Analysis (2nd Ed), Oxford University Press
- Chapter 1 : Financial reporting and accounting
- Chapter 2 : The financial reporting system
- Chapter 4 : Published financial statements of companies (125)
- Chapter 5 : Interpretation of financial statements
