Financial Integrity Training Course

Maintaining the integrity of financial reports is a key obligation of all companies.

False or inaccurate reporting damages a company's reputation and can lead to significant regulatory sanctions and litigation.

That is why it is vital to train employees on how to comply with financial controls in relation to revenues, expenses and assets.

Our Financial Integrity Training Course explains the three key financial reports and how employees can contribute towards maintaining their integrity.

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Financial Integrity Training Course

About this Course

Available as part of our Compliance Essentials Course Library.

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

New in 2021

  • Full design review by a financial integrity expert
  • Text & image updates throughout the course
  • New pages, activities & scenarios
  • Updated scenarios & learning activities
  • Updated post-course assessment questions

Course Outline

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

Affirmation

Assessment

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Compliance Essentials

Course Specifications

Structure

Structure

Approximately 30-minute long e-learning course followed by a 10-question assessment.

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Audience

Suitable for all staff - examples and interactivities designed for staff at all levels. No previous knowledge or experience required.

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Design

SHARD-compliant, responsive display on all devices, accessibility on screen readers, visual design controlled via a client style sheet.

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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.

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Compatibility

All Windows, Mac OSX, iOS, Android (Flash-free for mobile compatibility). AICC and SCORM 1.2-compliant, suitable for both hosted and deployed SCORM or AICC.

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Tailoring

Fully customisable on Skillcast Portal CMS.

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Translation

Pre-translated versions not available, but all text content can be exported for translation into all languages.

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Localisation

Based on UK legislation, but suitable for global audiences upon the removal of UK-specific references and translation as necessary.