Accounting & Tax for Company Secretaries (M5 S8 CoSec Cert)
"Making sense of financial statements and related filing obligations"
The purpose of this specific training is to offer a hands-on experience rather than a theoretical class, and provide Company Secretaries with practical knowledge on accounting and tax reporting, including (i) by monitoring compliance within the scope and extent of accounting and tax reporting obligations, and (ii) by making sense of reports as well as taking into account the nature and limitations of accounting and financial reporting.
Ice-breaker: comparing companies through financial reporting
Financial reporting & general-purpose financial statements: defining terms & concepts
Legal & regulatory aspects of accounting, tax & financial reporting
The components of financial statements and annual report
The balance sheet: the statement of financial position
The profit & loss account: the statement of performance
The cash-flow statement: generation & use of cash
The other components of financial statements
The reports associated with financial statements
A new generation of external reports
Benefits of the program
Through multiple real-life financial reports for review, analysis and class discussion, participants will be able to:
Review the key foundations of financial reporting: accounting conventions and principles;
Understand the key components of financial statements and be aware of their information usefulness; and,
Implement filing obligations as they relate to accounting and tax reporting so as to monitor compliance.
This course is dedicated to Company Secretaries with no significant accounting background. This means that this class is not designed for qualified accountants, chief financial officers, controllers and similar professionals dealing with financial figures on a day-to-day basis.
Board support personnel, such as current and aspiring Company Secretaries as well as Corporate Officers, including Law Professionals, who support and advise the Board of Directors and Managers, and willing to increase their understanding of corporate governance concepts.