One-Day Practical Training Programme for Government Accountants and Finance Officers
Master the Preparation of Accurate and Compliant Final Accounts in the Public Sector
The preparation of Final Accounts is one of the most important responsibilities of accountants and finance officers in government institutions, ministries, provincial councils, local authorities, universities, and state-owned enterprises. Accurate financial statements are essential for accountability, transparency, effective decision-making, and compliance with financial regulations and accounting standards.
This practical training programme is designed to provide participants with the knowledge and skills required to prepare Final Accounts confidently, accurately, and in accordance with Sri Lanka Public Sector Accounting Standards (SLPSAS) and applicable government financial regulations.
More Details
Phone: 0777889838
Why Final Accounts are Important
Final Accounts provide a comprehensive picture of an organization’s financial position and performance. They are used by management, auditors, treasury officials, regulatory authorities, and other stakeholders to evaluate financial management practices and organizational performance.
Properly prepared financial statements help:
- Improve transparency and accountability
- Support management decision-making
- Facilitate successful audits
- Ensure compliance with regulations
- Enhance public confidence
- Strengthen financial governance
- Improve resource management
Who Should Attend?
This programme is ideal for:
- Accountants
- Chief Accountants
- Finance Managers
- Finance Officers
- Internal Auditors
- Directors Finance
- Administrative Officers
- Treasury Officers
- Local Authority Finance Staff
- Provincial Council Officers
- University Finance Officers
- State Corporation Accountants
- Government Department Finance Personnel
Learning Objectives
At the end of the programme, participants will be able to:
- Understand the complete Final Accounts preparation process
- Prepare financial statements accurately
- Reconcile accounting records effectively
- Identify and correct accounting errors
- Prepare supporting schedules and disclosures
- Comply with SLPSAS requirements
- Address common audit observations
- Improve financial reporting quality
Course Content
Introduction to Final Accounts
- Purpose of Final Accounts
- Financial Reporting Requirements
- Public Sector Accounting Framework
- Responsibilities of Finance Officers
Year-End Closing Procedures
- Closing Accounting Records
- Verification of Balances
- Adjusting Entries
- Accruals and Prepayments
- Provisions and Adjustments
Trial Balance Preparation
- Reviewing Ledger Accounts
- Identifying Errors
- Correcting Misclassifications
- Reconciling Control Accounts
Statement of Financial Position
- Assets
- Liabilities
- Equity / Net Assets
- Current and Non-Current Classifications
- Disclosure Requirements
Statement of Financial Performance
- Revenue Recognition
- Expenditure Recognition
- Surplus and Deficit Analysis
- Financial Performance Reporting
Cash Flow Statement Preparation
- Operating Activities
- Investing Activities
- Financing Activities
- Direct and Indirect Methods
- Common Errors in Cash Flow Statements
Fixed Assets Accounting
- Asset Registers
- Asset Verification
- Depreciation Calculations
- Asset Revaluation
- Disposal of Assets
Inventory and Stores Accounting
- Inventory Valuation
- Stock Reconciliation
- Inventory Reporting Requirements
- Year-End Inventory Adjustments
Bank Reconciliation and Cash Management
- Bank Reconciliation Procedures
- Cash Verification
- Identifying Unreconciled Items
- Managing Outstanding Transactions
Supporting Schedules and Notes
- Fixed Asset Schedules
- Debtors and Creditors Analysis
- Revenue Schedules
- Expenditure Schedules
- Disclosure Notes
SLPSAS Compliance
- Financial Statement Presentation
- Disclosure Requirements
- Accounting Policies
- Common Compliance Issues
Audit Readiness
- Preparing for External Audits
- Common Audit Queries
- Supporting Documentation
- Responding to Audit Observations
Practical Exercises Included
Participants will gain hands-on experience through practical exercises on:
- Trial Balance Preparation
- Financial Statement Preparation
- Cash Flow Statement Preparation
- Bank Reconciliations
- Asset Accounting
- Supporting Schedule Preparation
- Error Detection and Correction
- Audit Documentation
Common Problems Discussed
The programme addresses practical challenges such as:
- Unbalanced accounts
- Missing supporting documents
- Incorrect classifications
- Cash flow statement errors
- Asset register discrepancies
- Inventory valuation issues
- Audit findings and qualifications
- Year-end adjustment mistakes
Benefits of Attending
Participants Will Learn How To:
✔ Prepare Final Accounts accurately and efficiently
✔ Improve financial reporting quality
✔ Reduce accounting errors
✔ Strengthen audit readiness
✔ Improve compliance with SLPSAS
✔ Prepare professional financial statements
✔ Address audit observations effectively
✔ Enhance financial management practices
Why Choose PRAG Institute?
PRAG Institute has extensive experience conducting professional training programmes for government institutions, public enterprises, universities, local authorities, and provincial councils throughout Sri Lanka.
Our programmes focus on practical applications, real-world financial reporting issues, audit requirements, and best practices relevant to the public sector.
Frequently Asked Questions
Is this programme suitable for newly appointed accountants?
Yes. The programme covers both fundamental and advanced aspects of Final Accounts preparation.
Will practical examples be included?
Yes. Participants will work through real-life examples, templates, and financial statement formats.
Is the programme relevant to government institutions?
Absolutely. The programme is specifically designed for public sector accounting and financial reporting requirements.
Will SLPSAS requirements be covered?
Yes. Key SLPSAS requirements relating to financial statement preparation and disclosure will be discussed.
Register for the Final Accounts Preparation Training Programme
Build the skills needed to prepare accurate, compliant, and audit-ready Final Accounts for public sector organizations.
Contact PRAG Institute
Phone: 0777 889838
Email: info@pragservice.com
Website: www.pragservice.com