What are the types of funds that can be used to finance medium to long-term projects? What are their unique and shared profiles and under what conditions are they suitable for organisations seeking long-term funds? What is the impact of these funds on the risk profile of organisations? Where can these funds be sourced? What are the criteria that organisations must fulfil to access funds from these sources? What is the cost of each type of funds? What is the cost of the total funds used by the organisation to fund its projects? How can the organisation minimise the cost of funds whilst ensuring the availability of adequate funds at the right time and at the same time maintaining an appropriate risk profile? How should important elements of the financial statement be treated in the books? What principles should underpin these? How do financial reporting standards help to ensure this? Using financial reporting standards terminology this part will be looking at issues in recognition and measurement. The most important issues will be considered here. What are the key principles that should govern the preparation of group accounts? How are they reflected in financial reporting standards? The approach should focus on the aspects of group accounts that are essential for discussions with the rest of the business. Therefore, the emphasis should be on awareness creation and basic understanding of the technical elements. This is about the preparation of basic group accounts applying the financial reporting standards learned in the previous section. Basic understanding of the technical issues is required. Thus, it should cover the rules of consolidation, goodwill, foreign subsidiaries, minority interests and associated companies. These should be placed in the context of the organisation’s strategy as executed through mergers and acquisitions and the setting up of subsidiaries. In addition, it can be linked to the performance management of responsibility centres. What other issues should be disclosed outside the financial statements? Why? Again, the focus is on building awareness and basic understanding of the technical issues in order to equip finance professionals to conduct meaningful discussions with the rest of the organisation about the performance, position and potential of the organisation. This section looks at the International Framework as a means of addressing the need for wider forms of reporting in a multi-stakeholder world. It introduces the role of the IIRC and uses the concept of integrated thinking as the foundational concept of the International Framework. It also discusses the Framework, its benefits and limitations. The six capitals are a key part of the International Framework. This section defines the six capitals and explains the measurement and disclosure issues relating to them. The financial statements narrate how organisations create and preserve value using financial numbers. Analyses of financial statements allows finance professionals to go beyond the numbers and put the narrative into everyday business language to facilitate discussions and collaboration with the rest of the organisation. The analysis could be based on the Gartner Data Analytics model which presents information as descriptive, diagnostic, predictive and prescriptive. Thus, it will cover hindsight, insight and foresight into the organisation’s performance, position, resilience (or adaptability) and prospects. The analyses can be linked to the organisation’s business model. Draw logical conclusions from the analysis. The focus is mainly predictive and prescriptive areas of data analytics. The recommendations should also be organisation wide and must encompass the ecosystem. A link with the business model framework in E2 is essential. What are the limitations of the data and techniques used in the analyses of financial statements? How do they affect the recommendations? How could they be overcome?

 

A.     Financing capital projects

·   Compare and contrast types and sources of long-term funds.

·   Calculate cost of long-term funds.

B.     Financial reporting standards

·   Explain relevant financial reporting standards for revenue, leases, financial instruments, intangible assets and provisions.

·   Explain relevant financial reporting standards for group accounts.

C.     Group accounts

·   Prepare group accounts based on IFRS.

·   Discuss additional disclosure issues related to the group accounts.

D.    Integrated reporting

·   Discuss the International Framework activities.

·   Explain the Six Capitals of Integrated Reporting.

E.     Analysing financial statements

·   Analyse financial statements of organisations.

·   Recommend actions based on insights from the interpretation of financial statements.

·   Discuss the limitations of the tools used for interpreting financial statements.

Higher Secondary Qualified 

 
Rs. 29499 Rs. 34999

Course Includes

    ·   Characteristics of different types of shares and long-term debts.

    ·   Calculate cost of long-term funds.

    ·   Explain the financial reporting standards for the key areas of group accounts

    ·   Discuss disclosure requirements related to Transaction between related parties and Earnings per share

    ·   Describe the role of the International Integrated Reporting Council.

    ·   Analyse financial statements to provide insight on Performance, Position, Adaptability and Prospects

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