Quick Links

IFRS II: Financial Statement (F/S) analysis and interpretation

For fiscal years beginning on or after January 1, 2011, all publicly accountable enterprises (PAEs) and government business enterprises (GBEs) in Canada are required to switch from Canadian GAAP to International Financial Reporting Standards (IFRSs) for purposes of financial statement preparation. All financial statements (F/S) and supporting documents will have to be produced in accordance with IFRS.

Date: TBA
Time: 9:00 am - 5:00 pm
Location: 688 Sherbrooke West
Fee:$1095 CAD plus applicable taxes


Description

During transition period from GAAP to IFRS, this course focuses on key financial statement (F/S) reading concepts. Income statements, balance sheets, cash flow statements are reviewed under the new standards, giving participants the opportunity to make links within and between the F/S, examine collateral impact of non-accounting activities on financial results.

Participants will be exposed to F/S and analytical techniques required for effective financial management. Using cases, participants will gain experience with the F/S cycle from manufacturing to banking and become familiar with terminology and tools required to read the F/S.


Who should attend

Accounting and Finance Professionals


Objectives

At the end of this course participants will be able to:

  • Understand the framework of financial statements analysis.
  • Read, analyze and accurately interpret F/S
  • Become skilled at the use of ratios and financial analysis
  • Assess the quality of the F/S
  • Evaluate the financial performance of the organization
  • Optimize the business decision making
  • Use the six-step process in financial statement analysis.
  • Assess a company's ability to meet its liabilities
  • Understand the impact of accounting standards and regulatory frameworks
  • Understand major governance issues

Topics Covered

  • Understand the framework of financial statements analysis
    1. Financial reporting standards objectives
    2. IFRS impact on financial information reporting and use
    3. Financial analysis evolution under IFRS
  • Read, analyze and accurately interpret F/S
    1. The notes to the financial statements
    2. The MD&A
    3. Industry standards and related information
  • Become skilled at the use of ratios and financial analysis
    1. Ratios categories
    2. Ratios structures
    3. Ratios interpretation
  • Assess the quality of the F/S
    1. The Cash Flow Statement
  • Assess a company's ability to meet its liabilities under IFRS
    1. Short term
    2. Long term
    3. Leverage
  • Evaluate the financial performance of the organization
    1. Vertical analysis
    2. Horizontal analysis
    3. Selected Ratios
  • Optimize the business decision making
    1. Strategic financial approach
    1. Purpose of financial analysis
    2. Corporate overview
    3. Financial analysis techniques
    4. Detailed accounting analysis
    5. Comprehensive analysis
    6. Decision or recommendation
  • Make links between accounting standards and regulatory frameworks
  • Understand major governance issues
    1. Compliance with the IFRS standard
    2. Ethics of the financial reporting
    3. Tone at the Top and General Environment

Facilitator

Messaoud AbdaMessaoud Abda, CFE, CGA, CICA, CSI, MBA, FICB is an experienced senior corporate manager and instructor with over 20 years of experience in various sectors of the financial market. Mr. Abda has extensive experience in finance and accounting with large Canadian corporations, including Caisse de depôt et placement du Québec and Hydro-Québec. Messaoud is currently a lecturer at McGill University School of Continuing Studies, as well as professor and program manager at Université de Sherbrooke.


Cancellation Policy

All cancellation & substitution requests must be made in writing. The following Cancellation Policy applies:

Up to 14 days prior to the start date: Full refund
7 days prior to the start date: Refund minus $100 Cancellation fee
Within 7 days of the start date: No Refund, however suitable participation substitution will be permitted

If no notice is given prior to the start of the event(s) and you fail to attend, you will be liable for the full course fee.

McGill SCS reserves the right to cancel an event up to 5 days prior to its start.


Contact Information

Telephone: 514-398-5454
E-mail: pd [dot] conted [at] mcgill [dot] ca