Dive into financial accounting in this two-day intensive class. Designed for beginners, this class covers essential financial accounting principles that are important to know for careers in accounting, bookkeeping, and other finance-related fields.
The course begins with an overview of financial accounting. You’ll learn about the users and sources of financial reports, the different types of financial reports available, and the importance of adhering to Generally Accepted Accounting Principles (GAAP). The class will review how to distinguish between cash and accrual accounting, gaining insights into income statements, essential line items, and profit ratios. From there, you’ll dive into the specifics of accrual accounting, including depreciation and amortization, and explore analytical tools such as Trailing Twelve Months (TTM) and Year-over-Year (Y/Y) comparisons.
After covering these fundamental concepts, the course will progress to more advanced topics. These include components of balance sheets, cash flow statements, advanced details of income statements, and how to handle unusual items. By the time you finish the course, you’ll have a solid grounding in the financial accounting information essential for professional use.