Course Description
This intensive 5-day Financial Accounting Professional Certificate course provides a comprehensive understanding of financial accounting principles and practices. Participants will develop practical skills in financial reporting, analysis, and decision-making. The course covers essential topics from basic accounting concepts to advanced financial statement analysis and interpretation.
Learning Objectives
- Understand and apply fundamental accounting principles and concepts
- Prepare and analyze financial statements including balance sheets, income statements, and cash flow statements
- Develop proficiency in recording transactions and adjusting entries
- Master financial ratio analysis and interpretation for decision-making
- Gain insights into ethical considerations and regulatory requirements in financial accounting
Course Modules
Day 1: Foundations of Financial Accounting
- Introduction to accounting concepts and principles
- The accounting equation and double-entry bookkeeping
- Recording transactions and preparing trial balances
- Overview of financial statements
Day 2: Asset and Liability Accounting
- Current and non-current asset accounting
- Inventory valuation methods
- Current and long-term liability accounting
- Contingencies and commitments
Day 3: Income Statement and Equity
- Revenue recognition principles
- Expense recognition and matching principle
- Stockholders' equity and retained earnings
- Earnings per share calculations
Day 4: Cash Flow Statement and Financial Statement Analysis
- Preparing the statement of cash flows
- Financial ratio analysis techniques
- Horizontal and vertical analysis
- Interpreting financial statements for decision-making
Day 5: Advanced Topics and Ethics
- Lease accounting and pensions
- Deferred taxes and accounting changes
- Ethical considerations in financial reporting
- Current trends and issues in financial accounting
Practical Wins for Participants
- Ability to prepare and analyze complete sets of financial statements
- Proficiency in using financial ratios to assess company performance
- Skills to make informed financial decisions based on accounting data
- Understanding of ethical standards and regulatory requirements in financial reporting
Credits: 5 credit per day
Course Mode: full-time
Provider: Blackbird Training Centre
