What You Will Learn!
- Describe the system of accounting standards and principles.
- Understand Balance Sheet and Income Statement including their components
- Fully understand the accounting cycle and month end activities
- Understand different forms of business and their accounting impact on accounting
- Difference between Financial and Management Accounting
- Demonstrate the cash vs accrual method of accounting and the accounting cycle
- How to Analyze, Record and Balance transactions
- Role of Microsoft Excel in accounting
- Introduction to SAP and importance of an accounting system
Description
This course provides an introduction to financial accounting. Topics include an overview of financial accounting, transaction analysis, and accounting entries; double-entry accounting systems; merchandising and inventory; internal control, cash, and receivables; long-lived assets and current liabilities; financial reporting concepts and accounting for partnerships; corporations; long-term liabilities; cash flow statement; investments; and financial statements analysis. At the end of the course, you will be able to fully understand fundamentals of Financial Accounting, use of Excel in Accounting and role of modern ERP system such as SAP.
Who Should Attend!
- Beginners
- Financial Analyst
- Accountants
- Bankers
- Entrepreneur
- Anyone who wants to understand accounting
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