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Prepare Financial Reports

Prepare Financial Reports is an online professional development program that will provide you with the skills and knowledge required to record general journal adjustment entries and prepare end-of-period financial reports such as revenue statements and balance sheets for a non-reporting entity.
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Start Anytime
Yes
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Delivery Method
100% Online
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Study Hours
15 hours
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Course Access
12 Months

The preparation of accurate and professional financial reports is crucial to the financial health and success of any business. A financial report is also essential to setting long and short-term goals, applying for a business loan and making informed business decisions.

Prepare Financial Reports is an online professional development program that will provide you with the skills and knowledge required to record general journal adjustment entries and prepare end-of-period financial reports such as revenue statements and balance sheets for a non-reporting entity.

On completion of this course, you will feel confident in preparing professional and accurate financial reports for a business.

Printed learning materials are available for purchase for this course and can be ordered during enrolment.  

Course Structure
Unit- Report on financial activity
  • Property register
  • Fixed asset register (FAR)
  • Calculate depreciation
  • Asset and liability valuations
  • Financial and system discrepancies
  • Tax liabilities
  • Prepare a trial balance
  • Adjust accounts for prepayments or accruals
  • Adjust expense account and revenue accounts
  • Common balance day adjustments
  • General ledger adjustments
  • Reverse adjusting entries
  • Review data for errors and compliance
  • Prepare revenue statement
  • Prepare a balance sheet
  • Post revenue and expenses to general ledger
  • Closing entries
  • Correct or refer errors
  • Correct an incorrect posting
  • Reverse and re-enter the transaction
  • Double-entry and accrual principles
  • Accounting systems
  • Debit and credit rules
  • The accounting equation
  • Accrual accounting
  • Legislation, regulations and standards
  • Code of practice
  • The Australian Taxation Office (ATO)
  • Five basic bookkeeping principles
  • The bookkeeping cycle
  • Financial forecasting and analysis
  • Ethical requirements
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Estimated Duration
15 hours
Course Delivery and Start
Start anytime, self-paced and 100% online
Assessment

Assessment will be comprised of written exercises, including short-answer questions, reflective tasks, short reports and/or projects. There are no examinations or due dates for assessment. As a result, you can complete training in your own time and at your own pace with the assistance of unlimited tutor support.

Career Outcomes

Professional Development for:-

  • Financial Accountant
  • Human Resource Reports Administrator
  • Finance Support Officer
  • Senior Fund Accountant
  • Financial Analyst
I am very satisfied with my learning experience with Australian Online Courses. It helped me understand things that confused me regarding my chosen topic, Preparing Financial Reports. Overall, it has been very convenient to learn and assess my knowledge at the same time.
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Melody
Pampanga, Philippines
Prepare Financial Reports
May 2025
Easy access to materials and friendly staff.
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Maria
Hammond Park, WA
Prepare Financial Reports
January 2025
Very Satisfied
Avatarneutral
M. Ravichandran
Lidcombe, NSW
Prepare Financial Reports
June 2022
Thank you for this course. I gained knowledge in using different kinds of online tools which are useful and effective lessons. This was a very helpful and interesting course, a lot of self-learning to be done on your own. Again, thank you so much.
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R. Tingzon Din
Deception Bay, QLD
Prepare Financial Reports
April 2022
Good course to study with Great Content
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C. Brant
Bendigo, VIC
Prepare Financial Reports
August 2021
Using the online assessment tool makes the learning process easy and the flexibility of online learning is the only way I am able to do these courses. The Learner Guide was well written and assisted in answering the questions
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T. Lucas
Kingaroy, QLD
Prepare Financial Reports
May 2021
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  • 12 Months' Access
Prepare Financial Reports
$199.00
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About Us

At Australian Online Courses, we are passionate about helping individuals from diverse backgrounds achieve their career goals. Since 2008, we have created opportunities for people in Australia and around the world.

Our Difference

What sets us apart is that we genuinely care about your career development. That’s why flexible study schedules, competitive pricing and exceptional customer and student support are at the heart of what we do. Our comprehensive courses, developed in consultation with industry employers, provide the skills and knowledge necessary for success in your current role or to pursue new opportunities.

Our state-of-the-art eLearning platform means you can study anywhere, anytime. So, enrol today and get the skills and confidence you need to achieve your career dreams, big or small.

Graduation

A Certificate of Attainment and Statement of Results will be issued upon successful completion of this course.

How to Enrol

You can enrol online by clicking Get Started on any course page under Enrol & Start Today. Follow the prompts to complete your enrolment as an individual, business, or service provider.

Enrol via Live Chat (Business Hours)

Enrol via Telephone 1300 76 2221 (Business Hours)

Payment Options

Visa, Mastercard, BPAY and EFT/Direct Deposit. Please allow 1-2 Business days for processing for EFT and BPAY.

Course FAQs

Why choose Australian Online Courses?
  • Professional development that is widely recognised and respected;
  • Improve your employment opportunities;
  • Study online, anywhere via our elearning system;
  • High-quality professional development programs written by industry experts;
  • All course materials provided online – no textbooks to buy;
  • Unlimited tutor support via email;
  • We offer twelve (12) months’ access, with extensions available upon application (fees apply);
  • Course may be tax deductible; see your tax advisor.

There are no course or subject pre-requisites for entry into our programs. However, our professional development programs are generally intended for people over the age of 18 with a competent level of English. For those under 18, please complete the Parent/Guardian Consent Form before enrolling.

To study online with Australian Online Courses you will need a computer (desktop PC/laptop) running a current/updated operating system with reliable high-speed internet access. You will need to use the Google Chrome browser to access your course.

You can start within 60 minutes during business hours when you enrol and pay in full with a credit card!

Credit card: Within 60 mins during business hours.

BPAY: Within 1-2 working days.

Internet Banking: Within 1-2 working days.

Cheque/Money Order: Upon receipt of mailed cheque.

This course is delivered online via our easy-to-navigate Learning Management System (LMS), where you will discover interactive online learning/written content, resources and assessment.

No. All courses are delivered online via our LMS and there are no work placement requirements in this course.

Unlimited tutor support is available throughout your studies via email only during business hours Monday to Friday. Our Administrative team are available Monday to Friday via email, live chat and telephone.

Yes! We accept enrolments from individuals both within Australia and internationally; location is no barrier to entry into our programs.

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