Drafting Financial Statements Course

Duration: 6 Months

Learning Outcomes

Who is the program for?

• Master the transition from a trial balance to a complete set of financial statements.
• Apply International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP) to financial reporting.
• Develop the ability to account for complex transactions, including accruals, prepayments, and non-current asset depreciation.
• Enable students to prepare consolidated financial statements for basic group structures.
• Cultivate skills in analyzing financial performance using liquidity, profitability, and solvency ratios.

Upon successful completion of this course, students will be able to:

Prepare a Statement of Profit or Loss and a Statement of Financial Position for sole traders and limited companies.
Adjust financial records for year-end items such as irrecoverable debts, inventory valuation, and provisions.
Draft a Statement of Cash Flows to analyze an organization’s liquidity.
Interpret financial statements through ratio analysis to provide meaningful business insights.
Identify and correct accounting errors using suspense accounts and journal entries.

Module 1: The Accounting Framework & Year-End Adjustments

Regulatory Framework: The role of the IASB and the conceptual framework for financial reporting.
The Trial Balance: Reviewing ledger balances and identifying necessary adjustments.
Accruals and Prepayments: Matching income and expenses to the correct accounting period.
Accounting for Assets: Calculating depreciation (straight-line and reducing balance) and recording disposals.

Module 2: Financial Statements for Sole Traders

Statement of Profit or Loss: Calculating gross and operating profit.
Statement of Financial Position: Classifying current and non-current assets and liabilities.
Inventory: Applying IAS 2 for the valuation of closing stock.
Receivables: Accounting for credit losses and allowances for doubtful debts.

Module 3: Financial Reporting for Limited Companies

Capital Structure: Accounting for share capital, share premiums, and retained earnings.
Statement of Changes in Equity: Tracking movements in owner’s equity over the financial year.
Taxation and Dividends: Recording corporate tax provisions and proposed vs. paid dividends.
Long-term Liabilities: Accounting for bank loans and debentures.

Module 4: Statement of Cash Flows & Group Accounts

Cash Flow Construction: Preparing cash flows from operating, investing, and financing activities.
Indirect Method: Reconciling operating profit to net cash from operating activities.
Introduction to Consolidations: Basic principles of combining parent and subsidiary financial statements.
Inter-company Transactions: Eliminating internal sales and unrealized profits.

Module 5: Interpretation of Financial Statements

Profitability Ratios: Gross profit margin, net profit margin, and ROCE.
Liquidity Ratios: Current ratio and acid test ratio.
Efficiency Ratios: Inventory turnover, receivables days, and payables days.
Limitations of Ratio Analysis: Understanding the impact of window dressing and non-financial factors.

Project

Flexible Installments Available Now

Application Procedure For National Students

Counseling
Students should submit a request with these links and one of our admissions officers will contact you for counseling and address all your queries.

Application
After submitting the request form, Students should submit the application form. Click here to fill out the application form.

Offer Letter
Once the application is submitted, ASTI will issue an offer letter and the student ID card.

Campus Tour
Students will be invited to ASTI for a campus tour so that students can experience the different labs, classrooms, libraries, auditorium, and more.

Registration
Students should pay the registration fees to block their seats.

Enrollment
Once the registration is done, learners can enroll and start learning #from the UAE Leading Technical Training Institute, ASTI.

Application Procedure For International Students

E-Counseling
Learners should submit a request with these links, and one of our admissions officers will contact you to provide E-Counseling and address all your queries.

Application
After submitting the request form, Students should submit the application form. Click here to fill out the application form.

Offer Letter
An offer letter will be issued by ASTI once the information provided in the application form has been verified.

Interview
An interview will be conducted with learners to discuss in brief the process, fee structure, and program you’re enrolling in.

Registration
After the interview, learners need to pay the fee in order to continue with the registration process. Payment details will be shared with you by our admission officers. Register a safe payment of fees using a credit or debit card, or choose any other method of payment available.

Visa Application
Once the payment is received, ASTI will send a visa application form, which learners need to fill out to proceed with visa processing.

Enrollment
A visa copy will be shared with learners, and learners can enroll and start learning from ASTI.

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During my studies for level 5, Diploma in Information Technology, all of the teachers were really helpful and friendly. They have deep knowledge in their respective fields and their teaching

Enginerring Foundation Programs

Learners then benefit from a nationally recognized Level 3 qualification and can go for University entry or contributes to the framework of an apprenticeship in Engineering. In this study program,

Enginerring Foundation Programs

During my studies for level 5, Diploma in Information Technology, all of the teachers were really helpful and friendly. They have deep knowledge in their respective fields and their teaching

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Drafting Financial Statements Course

Drafting Financial Statements Course

Duration: 6 Months

Learning Outcomes

Who is the program for?

Module 1: The Accounting Framework & Year-End Adjustments

Module 2: Financial Statements for Sole Traders

Module 3: Financial Reporting for Limited Companies

Module 4: Statement of Cash Flows & Group Accounts

Module 5: Interpretation of Financial Statements

Project

Flexible Installments Available Now

Application Procedure For National Students

Application Procedure For International Students

Tools you’ll be familiar with

What Our Alumni Say

Mary Johnson

Imran

John Smith

Blogs

June 19, 2024

Powering the Future: Essential Skills for a Career in Electric Vehicle Engineering

September 8, 2025

What Do You Really Learn in an HVAC Training Course? Skills, Tools, and Career Paths

August 18, 2025

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August 12, 2025

From Mechanic to Expert: How Professional Automotive Diagnostics Certification Elevates Your Career

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