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Compliance Essentials Library

Financial Integrity Course

Financial reporting plays a central role in corporate governance. The integrity of financial reports is paramount for any company. False or inaccurate reporting not only damages a company's reputation, but it can also lead to significant regulatory sanctions and litigation.

Therefore, it is vital to train employees on how to comply with financial controls in relation to revenues, expenses and assets. Maintaining the integrity of financial reports is a key obligation of all companies.

Our Financial Integrity e-learning module explains what each of the three key financial reports are and how employees can contribute towards maintaining their integrity.

Audience: all staff  |  Duration: 30 minutes  |  Format: e-learning module

Learning Objectives

This course will prepare your employees to:

  • Identify key financial reports
  • Recognise the importance of financial integrity
  • Correctly identify errors in revenue recognition
  • Recognise errors in costs and expenses
  • Detect errors in assets
  • Take appropriate action to ensure the integrity of financial records
  • Report errors and malpractice immediately to Financial Control

Financial Integrity: Course Contents

  • Introduction
  • Key financial reports
    - Key report 1: Balance sheet
    - Key report 2: Income statement
    - Building the income statement
    - Key report 3: Cash flow statement
  • Revenue recognition
    - You make the call: Recognise the revenue or not?
    - Scenario: Timing of recognition
    - Exercise: Sales orders
    - Supplier rebates
    - Case study: A fictitious sale
    - Case study: Revenue shifting
    - Exercise: Over-invoicing
  • Expense capitalisation
    - You make the call: Capitalise or expense?
  • Accounting for assets
    - Scenario: Annual stock check
  • Reporting breaches of financial integrity
    - You make the call: Report or not?
    - Scenario: A customer in trouble
  • Summary
  • Financial Integrity: Affirmation
  • Assessment
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Free Trial: Compliance Essentials

This course is part of our Compliance Essentials Course Library.

Compliance Essentials is our best-selling library and there's a reason for that.

Essentials contains 30 in-depth courses and dozens of express micro-learning modules from AML, Bribery, GDPR and Equality to Health and Safety. It provides a complete and comprehensive off-the-shelf compliance solution for UK businesses that can be customised completely to fit your organisation.

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Specifications

Duration Approximately 30 minutes
Audience Suitable for all staff - examples and activities designed for staff at all levels
Prerequisites No previous knowledge or experience required
Design SHARD-compliant, responsive display on all devices, accessibility on screen readers, visual design controlled via client style sheet
Assessment Ten-question assessment
Test-out Ability to offer optional test-out, whereby users can choose to skip the course content and complete the learning assignment simply by passing the assessment Deployment AICC and SCORM 1.2-compliant, suitable for both hosted and deployed SCORM or AICC
Deployment AICC and SCORM 1.2-compliant, suitable for both hosted and deployed AICC SCORM
Compatibility All Windows, Mac OSX, iOS, Android (Flash-free for mobile compatibility)
Tailoring Fully customisable on Skillcast Portal CMS
Translation Pre-translated versions not available, but all text content can be exported for translation into all languages
Localisation Based on UK legislation, but suitable for global audiences upon the removal of UK-specific references and translation as necessary

Off-the-shelf Courses

Our off-the-shelf subscription options allow you to train your staff using this course and other essential compliance courses cost-effectively.

We can also customise courses to your business needs or create fully bespoke courses to your specification.

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