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Financial Analysis - Officers/Directors

Understanding financial statements.

  • Started 27 Apr
  • 1,500 Papua New Guinean kina
  • Port Moresby

Service Description

All directors (and officers) require a reasonable understanding of a company’s financial statements in order to effectively undertake their respective roles and meet their statutory and common law duties. This course focuses on the following areas:  reviewing a company’s financial statements within the context of the International Financial Reporting Standards (IFRS);  preparing questions to obtain any additional information required by a director or officer;  fulfilling the supervisory role required by a board member. An important role of directors is to make judgments in relation to an organisation’s solvency and how its funds have been managed, but these specific aspects are not covered in detail in this course. The aim of this course is to show how to analyse the performance of a company using its three financial statements. The key objectives are to:  outline the accounting concepts and principles upon which the preparation of financial statements are based;  recognise how accounting standards create some limitations in the preparation of financial statements;  understand links between the financial statements;  help you assess the financial capacity of a company;  form and express an opinion on the financial capacity of a company, arising from your assessment of the financial statements.

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