About Course

Day 1: Introduction to Financial Accounting

• Morning:

  • Welcome and Course Overview
  • Importance of Financial Accounting
  • Key Accounting Principles (Accrual Basis, Matching Principle, etc.)
  • Accounting Equation (Assets = Liabilities + Equity)

• Afternoon:

  • Double-Entry Accounting System
  • Debits and Credits
  • T-Accounts and Journal Entries
  • Trial Balance

Day 2: Recording Transactions

• Morning:

  • Cash vs. Accrual Accounting
  • Revenue Recognition
  • Expense Recognition
  • Adjusting Journal Entries

• Afternoon:

  • Closing Entries
  • Post-Closing Trial Balance
  • Worksheet Preparation

Day 3: Financial Statements

• Morning:

  • Income Statement
  • Balance Sheet
  • Statement of Cash Flows
  • Statement of Changes in Equity

• Afternoon:

  • Interpreting Financial Statements
  • Ratios and Financial Analysis
  • Common-Size Financial Statements

Day 4: Accounting for Assets and Liabilities

• Morning:

  • Current Assets and Liabilities
  • Non-current Assets and Liabilities
  • Depreciation and Amortization
  • Bad Debt Expense and Allowance for Doubtful Accounts

• Afternoon:

  • Inventory Valuation Methods (FIFO, LIFO, Average Cost)
  • Intangible Assets
  • Leases (IFRS 16 and ASC 842)

Day 5: Advanced Topics and Reporting

• Morning:

  • Earnings Per Share (EPS)
  • Accounting for Income Taxes
  • Accounting for Investments

• Afternoon:

  • Financial Reporting Standards (GAAP and IFRS)
  • International Financial Reporting Standards (IFRS)
  • Recent Developments in Financial Reporting