Introduction of the Course

Netskill’s Prepare Financial Statements for a Non-Reporting Entity Corporate Training equips finance professionals with the knowledge and practical skills needed to prepare complete and compliant financial statements for entities that are not required to file under public reporting standards.
The course demystifies fundamental accounting principles, financial reporting structures, compliance considerations, and best practices required to produce high-quality financial statements for internal, management, and stakeholder use. With a blend of theory, practical walkthroughs, and real-world examples, learners build the confidence to prepare balance sheets, income statements, cash flow statements, and accompanying notes with accuracy and clarity.

Prepare Financial Statements for a Non-Reporting Entity Courses: Instructor-Led, In-Person, or Self-Paced

Instructor-Led Online Training

Live sessions with experienced finance trainers offering interactive discussions, problem-solving, and practical demonstrations.

In-Person Corporate Training

On-site workshops with hands-on practice tailored to your organization’s financial structure and reporting needs.

Self-Paced Training on Netskill LMS

Comprehensive modules available 24/7, including HD videos, course content, gamified milestones, quizzes, assessments, and certification.

All modules and resources are accessible on the Netskill LMS, enabling continuous learning and progress tracking.

Target Audience for Corporate Prepare Financial Statements for a Non-Reporting Entity Training

• Finance & Accounting Professionals
• Accounts Executives and Associates
• Internal Auditors
• Business Owners & Startup Founders
• Financial Analysts
• ERP & Finance System Users
• Management Reporting Teams
• Professionals moving into finance roles

Modules Covered in the Training

Module 1: Fundamentals of Non-Reporting Entities

• Definition and scope
• Differences between reporting and non-reporting entities
• Applicable standards and guidelines

Module 2: Accounting Principles & Concepts Review

• Accrual vs cash accounting
• Matching principle
• Materiality and consistency
• Recognition and measurement basics

Module 3: Preparing the Balance Sheet

• Assets, liabilities, and equity
• Classification and presentation formats
• Adjustments, provisions, and closing balances

Module 4: Preparing the Income Statement

• Revenue recognition
• Cost of goods sold
• Operating vs non-operating items
• Expense categorization

Module 5: Preparing the Cash Flow Statement

• Direct and indirect methods
• Operating, investing, and financing activities
• Cash flow reconciliations

Module 6: Notes to the Financial Statements

• Significant accounting policies
• Contingent liabilities
• Supporting schedules and disclosures

Module 7: Closing Processes & Adjusting Entries

• Depreciation, accruals, and prepayments
• Inventory adjustments
• Bank reconciliation impacts

Module 8: Internal Controls & Verification

• Verification procedures
• Error identification and corrections
• Internal reporting best practices

Module 9: Real-World Templates & Case Studies

• Format guidelines
• Industry-specific examples
• Practical exercises and simulations

Importance of Prepare Financial Statements for a Non-Reporting Entity Training

• Ensures accuracy and reliability in financial reporting
• Helps organizations maintain transparency in internal financial operations
• Enhances decision-making with structured and consistent financial data
• Strengthens financial compliance and governance
• Reduces errors and improves control in accounting processes
• Enables teams to independently prepare audit-ready statements

Training Skills and Competencies for Employees

Employees will gain:

• Competency in end-to-end financial statement preparation
• Strong understanding of accounting principles
• Ability to perform adjustments, reconciliations, and closing entries
• Improved analytical and reporting skills
• Practical experience with templates, formats, and case studies
• Confidence to support audits and management reporting cycles

Netskill Approach to Prepare Financial Statements for a Non-Reporting Entity Training

• Structured modules designed for corporate finance environments
• Real-life examples and hands-on exercises
• Gamified learning outcomes for higher engagement and knowledge retention
• Expert instructors with industry and training experience
• Blended learning framework across Online, In-Person, and LMS Self-Paced modes
• Continuous assessments and instant feedback

All content, videos, quizzes, assessments, and certification are accessible on the Netskill LMS.

Why Choose Netskill as Your Training Partner?

• Leading corporate Prepare Financial Statements for a Non-Reporting Entity training company
• Comprehensive coverage of real-world accounting practices
• Flexible training delivery modes
• Expert trainers with finance and compliance backgrounds
• Gamified Learning & interactive modules on the Netskill LMS
• Customizable learning pathways for teams
• Access to templates, case studies, and practical assignments
• Industry-recognized certification upon completion