Financial Accounting

 

• Price: US$ 150.00
• Publisher: KESDEE
• Number of modules: 15
• Length: 30-40 hours
• Language: English
• Subscription: 12 months

Financial Accounting: 15 modules of 2 - 3 hours each

1. Introduction to Accounting

• Meaning, Functions and Subfields of Accounting
• Accounting Cycle
• Accounting Principles - Concepts & Conventions
• Accounting Equation
• Types of Accounts
• Rules of Debit & Credit

2. Accounting Process

• Analyzing transactions
• Recording transactions
• Posting to ledger
• Balancing the accounts
• Preparing Trial Balance

3. Finalization of Accounts

• Rectifying erroneous entries
• Journalizing adjustment entries
• Preparing Adjusted Trial Balance
• Passing the closing or transfer entries
• Preparing financial statements

4 and 5. Financial Statement Analysis (2 modules)

• Categorization of ratios
• Types of ratios including Liquidity Ratios, Solvency Ratios, Structure Ratios, Leverage Ratios, and Coverage Ratios
• Significance of these ratios
• Various other types of ratios including Profitability Ratios, Expense Ratios, Turnover Ratios, and Market Sensitivity Ratios
• Decomposition of ROA and ROE with Dupont Analysis
• Limitations of ratio analysis

6. Reconciliation of Books

• What is Bank Reconciliation?
• Reasons for reconciling the books
• Procedure or steps for reconciliation

7. Petty Cash Accounting

• Petty cash and its purpose
• Writing the petty cash book
• Types of petty cash books
• Control over petty cash

8. Inventory Accounting

• The basics of inventory
• Inventory accounting systems
• Inventory valuation methods
• Accounting for inventory
• Inventory and its impact on financial statements

9. Long-Lived Assets - The Capitalization Decision

• Expense or capitalize the costs of acquiring assets
• Impact on financial statements and ratios
• Treatment of intangible assets

10. Depreciation Accounting

• Basic concepts of depreciation
• Methods of depreciation
• Accounting for depreciation
• Impact on cash flow and income tax

11. Analysis of Financing Liabilities

• Operating and trade debt
• Effect of debt issuance (in particular zero coupon bonds) and amortization on statements and ratios
• Effect of issuance of a debt with equity features
• Disclosures related to financing liabilities
• Effect of changing interest rates on the market value of debt
• Retiring debt 
• Debt covenants

12. Leases and Off-Balance-Sheet Debt

• Lease financing and off-balance-sheet financing
• Operating and financial leases
• Impact of lease financing on accounting systems
• Lease accounting calculations
• Other forms of off-balance-sheet financing (sales receivables and take-or-pay contracts)

13. Analysis of Income Taxes

• Impact of accounting policies on income tax
• Tax reporting versus financial reporting
• Managing deferred tax liabilities

14. Financial Reporting Standards

• Objectives of financial reporting
• Importance of financial standards in security analysis and valuation
• Role of financial reporting standard-setting bodies worldwide     
• International Financial Reporting Standards (IFRS) framework
• Convergence of financial reporting standards
• IFRS compared with alternative reporting systems
• Developments in financial reporting standards

15. International Standards Convergence

• Major international accounting standards for each asset and liability category
• Comparison of the major international accounting standards with U.S. GAAP revenue and expense categories on the income statement
• Differences between international and U.S. GAAP accounting standards on the cash flow statement
• Differences between international and U.S. GAAP accounting standards on commonly-used financial ratios

Bonus: Financial Calculators