Financial reporting is the procedure of producing finance related statements that disclose an organization's financial status to higher management, investors and the government official. Every commercial industry, whether it is service or mechanized production, one has multiple departments, which work every day to attain its objective. The working of these departments may or may not be dependent on each other, but at the end of day they are connected collectively by one common thread –Finance Department.
Financial reporting is a core part in organization from various stakeholders point of view. A financial reporting system across organizations on the global level promotes competition and also facilitates capital inflows which in turn help in economic development.
Financial Reporting and Management comply with various statues and regulatory requirements. Every company is required to file financial statements to ROC, Government Agencies. In case of listed companies, quarterly as well as annual results are required to be filed to stock exchanges and published. Financial Reporting and management professional facilitates statutory audit. This becomes the backbone for financial planning, analysis, bench marking and decision making.
Who should attend?
- Candidates who are keen to make career in Financial Reporting.
- Commerce students who are seeking job in the Finance Industry.
- Aspirants who are interested in the formulating financial reports and are good in analytics.
- Professional working at executive positions and is an aspiring for the higher position.