Financial Accounting & Reporting
Course End Date:
By the end of the program, participants will be able to:
• Understand important financial accounting topics and how to report them on the financial statements.
• Properly account for assets, liabilities, revenues, and expenses.
• Understand the annual report, management responsibilities for financial statements, and auditors' opinion.
• Fully understand the structure, presentation, and disclosure of the financial statements.
• Interpret and report income and balance sheet accounts.
Who Should Attend:
Professionals in the field of finance and accounting, accountants at all levels seeking to enhance practical finance and accounting knowledge, certified financial and accounting personnel.
• Financial Statements and Business Decisions
o Accounting Systems
o Four Basic Financial Statements
o Relationship Among the Financial Statements
o Management Uses of Financial Statements
• Reporting and Interpreting Sales Revenue, Receivables and Cash
o Accounting for Sales Revenues and Discounts
o Measuring and Reporting Receivables
o Cash and Cash Equivalents
• Reporting and Interpreting Cost of Goods Sold and Inventory
o Nature of Inventory and Cost of Goods Sold
o Inventory Costing Methods
o Inventory Systems
• Reporting and Interpreting Owners' Equity
o Ownership of a Corporation
o Types of Capital Stock
o Accounting for Capital Stock
o Stock splits and dividends
o Treasury Shares
• Reporting and Interpreting Property, Plant and Equipment; Natural Resources; and Intangibles
o Classifying Long-Lived Assets
o Measuring and Recording
o Accounting for Repair, Maintenance, and Additions
o Depreciating and Amortization
o Accounting for Disposal of Assets
o Reporting and Accounting for Intangibles
• Reporting and Interpreting Liabilities
o Liabilities Defined and Classified
o Contingent Liabilities
• Reporting and Interpreting Investments in Other Corporations
o Types of Investments
o Accounting for Investments
o Cost and Equity Methods