Financial Accounting & Bookkeeping Course OverView

Section 1

Introduction to the Financial Accounting

Introduction to the fundamentals of the financial accounting and what is covered as part of this course.

Section 2

Accounting Equation and the Balance Sheet

Understand the accounting equation and its relationship with the balance sheet and the journal entries. Learn components of the Balance Sheet such as Assets, Liabilities and Owner’s Equity. How Balance Sheet components are broken out and how does the Balance Sheet looks like?

Section 3

Forms of Business Organizations

Each business structure is different therefore from an accounting perspective it is important for us to understand different types of business organizations and how are they different from one another from an accounting perspective.

Section 4

Types of Accounting

Accounting is a vast and dynamic profession and its constantly adapting itself to the specific and varying needs of its users. Over the past few decades, accountancy has branched out into different types of accounting to cater for the diversity of needs of its users. Learn different types of Accounting in this section.

Section 5

The Accounting Cycle

The accounting cycle is often described as a process that includes the various steps, which are also known as a typical “Month-End Activities”. Learn how to identify, collect and analyze documents. How to record various types of transactions. Difference between a general and sub-ledger accounts. Trial Balance, Financial Statements, Post Closing Journal Entries, is covered in this topic.

Section 6

Transaction Analysis

What is a double-entry system and how does accounting software work. Learn how to record “debits” and “credits” and which account should be debited and which account should be credited. 

Section 7

Income Statement

The Income Statement and its purpose. Components of the Income Statement and other major financial statements. Learn various other names of the income statements and how its components are grouped together.

Section 8

Accrual Accounting

Difference between cash accounting and an accrual accounting. What are accruals? How to post accrual and adjustments entries in the accounting software. Which method follows GAAP and IRFS standards? What is a preferred accounting method. What are Revenue recognition and matching principles? Impact of financial statements using Cash Accounting method vs Accrual Accounting method.

Section 9

Analyze, Record and Balance Transactions

How to measure Net Income? What are traditional booking methods. Analyze, Record and Balance various Transactions. How to use accounting softwares to record many detailed accounts and analyzed on a real time basis.

Section 10

Financial Accounting and the Excel

Role of Excel in Accounting. How knowledge of Excel can help you automate the process. Introduction to various types of reports in Excel and how Advance knowledge of Excel can help to you create amazing reports!

Section 11

Financial Accounting and ERP System (SAP)

Introduction to the ERP System (SAP). A SAP Overview to the Financial Accounting. Look and feel of the SAP. How to stand out from the crowd using SAP skills.

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