Financial Accounting Foundations

Description

In this course, you will :

• Describe the line items on financial statements.
• Differentiate between the three kinds of financial statements.
• Analyze and interpret current accounting issues and trends.
• Determine a company's market capitalization.
• Determine the most important expense for a retail business.
• Explain the use of financial statements of common size.

Syllabus :

1. Accounting Basics

• Accounting vs. bookkeeping
• The accounting equation

 

2. The Financial Statement

• The financial statement
• The balance sheet
• The income statement
• The statement of cash flows

 

3. The Mechanics of Accounting

• How financial statements are made
• Debits and credits
• Journal entries
• Making the financial statements

 

4. Current Issues in Financial Accounting

• Current financial accounting issues
• Revenue recognition
• Long-term assets including impairment
• Working with leases
• Earnings per share
• Investment securities and derivatives
• Deferring taxes
• Inventory and COGS

 

5. Financial Statement Analysis

• Using financial statements
• Common size statements
• DuPont framework
• Debt ratio
• Operating ratio
• Price-earnings (P/E) ratio

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