How to Prepare Financial Statements - ISRS 4410

Price:
R483.00 (VAT Incl.)
Level:
Accounting Professionals
Sub-level:
Compilation Engagements
Lecturer:
Tristan David-Crewe White
Duration:
135 Minutes
Additionals:
   CPD Assessment
   Certificate

Lesson Outline

Preparing financial statements is a tricky endeavour and most entities are reliant on software to complete the process. For those that don’t have the advantage of software, where would the compilation process even start?

This lesson aims to answer the following questions:

  • What type of entities need to prepare financial statement
  • Which accounting framework can I, or should I use?
  • Can I prepare the financial statements myself, or do I have to outsource?
  • Do I always need a balance sheet, income statement and a cash flow statement?
  • What best practice guidance is available for preparing financial statements, e.g. ISRS 4410?
  • What pre-liminary work needs to take place before the financial statements are prepared?
  • What are the specific year end adjustments that I should look out for?

This session will help you be mindful of all factors that affect financial statement preparation, and place you in the most informed position to facilitate an easier completion of financial statements.

PLEASE NOTE: No actual financial statements will be prepared during the session, due to time limitations. This lesson is a theory-based session.