Around 15 participants attended the workshop conducted by Saket Modi, JCI London Training Director.  Concepts like income statement, balance sheet, profits and loss account were explained to the audience in a clear and simple manner.

Examples were used throughout the presentation to enable the participants to relate the theory to real life situations. Questions were asked during the workshop which promoted an interactive ambiance throughout the evening.

A variety of techniques were used to engage the audience among which were handouts that were distributed after the 1st part of the presentation: participants who had never seen what financial statements looked like before, had the opportunity to do so while discussing the meaning of different aspects of the material in hand.

A number of financial ratios were introduced to the audience on the basis of a Vodafone case study while the difference between IFRS (International Reporting Standards) and USGAAP (Generally Accepted Accounting Principles) was highlighted as to illustrate the new changes that regulate the financial activity in the UK, Europe and the US.

It was clear from the audience feedback that the workshop was very useful to them and JCI Business team is considering the organisation of "Financial Statements Part 2" sometime soon...

By Abdulkader Jandali, Business Team Member