Categories: Finance
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About Course

Module 1: Introduction to Accounting

  • Understanding the role and importance of accounting in business.
  • Overview of accounting principles, concepts, and standards.
  • Differentiating between financial accounting and managerial accounting.

Module 2: Financial Statements and Reporting

  • Introduction to financial statements: balance sheet, income statement, cash flow statement, and statement of retained earnings.
  • Understanding the purpose and components of each financial statement.
  • Principles of financial statement analysis and interpretation.

Module 3: Double-Entry Accounting and Transactions

  • Basics of double-entry accounting: debits, credits, and journal entries.
  • Recording common business transactions: sales, purchases, expenses, and revenue recognition.
  • Understanding the accounting equation and its relationship to the balance sheet.

Module 4: Accounting Cycle and Adjusting Entries

  • Overview of the accounting cycle: from journal entries to financial statements.
  • Understanding accrual accounting and the need for adjusting entries.
  • Preparing adjusting entries for accruals, deferrals, depreciation, and bad debts.

Module 5: Merchandising Operations and Inventory

  • Understanding merchandising operations and inventory accounting.
  • Methods of inventory valuation: FIFO, LIFO, and weighted average.
  • Recording inventory transactions and adjusting inventory accounts.

Module 6: Receivables and Payables Management

  • Managing accounts receivable and accounts payable.
  • Accounting for bad debts and allowances for doubtful accounts.
  • Analyzing receivables turnover and days sales outstanding (DSO) ratios.

Module 7: Fixed Assets and Depreciation

  • Introduction to fixed assets and property, plant, and equipment (PP&E).
  • Methods of depreciation: straight-line, units of production, and declining balance.
  • Accounting for depreciation expense and the impact on financial statements.

Module 8: Financial Ratios and Analysis

  • Overview of financial ratios for liquidity, profitability, solvency, and efficiency.
  • Interpreting financial ratios to assess business performance and financial health.
  • Conducting ratio analysis and benchmarking against industry standards.

Module 9: Budgeting and Forecasting

  • Importance of budgeting in financial planning and control.
  • Developing operating and financial budgets: sales, production, cash, and capital budgets.
  • Monitoring budget performance and preparing variance analysis reports.

Module 10: Cost Accounting and Management

  • Basics of cost accounting: cost classification, cost behavior, and cost-volume-profit analysis.
  • Job costing, process costing, and activity-based costing (ABC).
  • Using cost data for decision-making and performance evaluation.
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