Financial Statements and Concepts Training in Madrid, Spain

This training provides a comprehensive understanding of financial statements, accounting consolidation, beneficial ownership, and financial risk assessment. Participants will gain insights into various accounting standards (Ind-AS, IFRS, US GAAP), parent data validation, risk categorization, foreign currency exposure, tax liabilities, and financial statement analysis using key ratios. The course is designed for professionals from Membership, Risk Management, and Operations departments, ensuring they can interpret and analyze financial data effectively.

Accounting Consolidation & Parent Data Validation

• Module 1: Understanding Accounting Standards
• Key differences between Ind-AS, IFRS, and US GAAP
• Accounting consolidation principles and control interest
• Impact of different standards on financial reporting
• Module 2: Parent Data Validation Methods
• Approaches to validate parent company information
• Identifying and validating parents based on control
• Practical cases in parent reporting for non-Indian entities
• Module 3: Beneficial Ownership and Financial Implications
• Concept of Beneficial Ownership in financial reporting
• Methods to identify and validate beneficial ownership
• Regulatory requirements and compliance checks

Risk Assessment & Credit Monitoring

• Module 4: Risk Categorization in Financial Data
• Using financial data to classify entities as Low, Medium, or High risk
• Scorecard methodology for risk assessment
• Monitoring credit risks periodically (Annually, Semi-annually, Quarterly)
• Module 5: Analyzing Financial Performance
• Factors influencing Increase/Decrease in Net Profit (PAT)
• Impact of revenue, expenses, and taxation on profitability
• Key financial indicators to track performance
• Module 6: Foreign Currency Exposure & Reserve Adequacy
• Understanding unhedged forex positions
• Evaluating reserve sufficiency for risk mitigation
• Financial strategies for hedging foreign currency risks

Financial Liabilities, Investments & Statement Analysis

• Module 7: Understanding Financial Liabilities & Tax Obligations
• Current investments and their financial impact
• Tax liabilities and pending statutory demands
• Tax litigations and contingent liabilities
• Module 8: Financial Statement Components & Their Interpretation
• Current Liabilities: Short-term borrowings, creditors, dividend payables
• Term Liabilities: Deferred payment credits, long-term provisions
• Net Worth & Reserves: Equity, general reserves, and other reserves
• Current & Non-Current Assets: Cash, receivables, inventory, fixed and intangible assets
• Module 9: Financial Ratio Analysis for Decision Making
• Key financial ratios: Liquidity, profitability, leverage, and efficiency ratios
• Using ratios to analyze financial health and performance
• Case studies on financial statement interpretation

Hands-On Labs:

60% of the training will involve practical exercises and case studies.