Summary of the Introduction To Financial Accounting Course
The purpose of the course is two-fold. First, on a higher level, to convey how important accounting is for those of us who are looking to understand what’s going on with a company and what is likely to happen in the future.
Second, on a technical level, this course is intended to teach in detail what stands behind the key elements of financial statements. We will see how most common transactions are recorded, how they affect the three statements and what degree of discretion the management has in recording them. When we analyze financial statements, we need to understand exactly where the numbers come from and how reliable they are, and that’s precisely what this course teaches.
Since financial statements are the language of the business, successful completion of this course is critical for almost all finance courses: Corporate Finance, Financial Statements Analysis, Advanced Corporate Finance, Mergers and Acquisitions etc.
Recommended Textbook for Introduction To Financial Accounting
The recommended textbook for this course is “Financial Accounting: An Introduction to Concepts, Methods, and Uses” by Stickney and Weil.
Financial Accounting Duration
Duration of the course can vary, depending primarily on the amount of time a student is able to commit. In most cases, the course can be completed within 6-8 weeks, given 2 sessions per week.
Introduction To Financial Accounting Course Outline
- Accrual Accounting.
- Elements of Annual Report and Financial Ratios.
- Revenue Recognition & A/R.
- Inventory / Cost of Goods Sold.
- Statement of Cash Flows.
- PP&E.
- Accounting for Taxes.
- Marketable Securities.
- Intangible Assets.
- Long-Term Debt.
- Leases.
- Stockholder’s Equity.
- Acquisitions and Intercorporate Ownership.
- Financial Reporting Process & Ethics.
Call us