Trainings

Every organization strives for profitability, healthy cash flows, and long-term financial stability. Yet many leaders and managers rely on financial reports without truly understanding how to interpret them or use them to guide decisions.

Financial reports are far more than compliance documents—they are powerful diagnostic tools. As the saying goes, "Financial Reports are as revealing of the HEALTH OF A BUSINESS as the pulse rate and blood pressure are indicators of the HEALTH OF A PERSON." Just as medical indicators help diagnose, prevent, and treat health conditions, financial statements reveal the strengths, vulnerabilities, and growth potential of your organization. To fully benefit from these insights, however, you must understand not only what the reports say, but how they are prepared.

This workshop is designed to bridge the gap between seeing financial statements as mere numbers and understanding them as strategic tools. By the end of the course, participants will be able to identify the elements of a borrower's basic financial statements, including the Statement of Financial Position and the Statement of Income. They will gain a clear understanding of common accounting terms, analyze business transactions, and follow the accounting process behind the preparation of financial statements. Moreover, participants will be able to explain the linkages between these statements, enabling them to move beyond surface-level reading and make confident, informed decisions that support the financial health and growth of their organization.

Learning Objectives

The training program aims to equip the participants with the familiarity and the skill of preparing the basic financial statements. At the end of the course, the participants would be able to:

1. Identify the elements of the basic financial statements of a borrower

• Statement of Financial Position
• Statement of Income

2. Define common accounting terms

3. Analyze the transactions of a business

4. Know the accounting process in the preparation of the financial statements

5. Explain the linkages between these statements

Target Audience

• Business owners and entrepreneurs seeking a better understanding of their organization's finances

• Managers and department heads responsible for budgets and financial decisions

• Non-accounting professionals who handle financial data or reports

• Decision-makers who want to strengthen their financial literacy and strategic insight

• Professionals aiming to confidently interpret financial statements and assess business health

Training Methodology

The workshop will use a blended interactive approach, combining:

• Lectures

• Exercises

Session Flow

1. Definition of the Statement of Financial Position (Balance Sheet)

Discussion of the Elements of the Balance Sheet

• To be familiar with the accounting terms in the balance sheet and how it relates to the financial position of the client
• To account for common transactions that will help in the evaluation of changes in financial position
• To use debit and credit with ease

2. Definition of the Income Statement

Discussion of the Elements of the Income Statement

• To be familiar with the accounting terms in the income statement
• To compute for the correct net income for the period
• Discussion on VAT and Withholding Taxes

3. Exercise on Transaction Analysis

Discussion of the Accounting Link

Preparation of the Basic Financial Statements

• To account for common transactions that affects both the balance sheet and income statement
• To relate operating results with the changes in financial position

4. Discussion of the Information Value of the FS

• To relate the content of the financial statements with the achievement of the financial objectives of the business of the client