Financial Accounting Professional Certificate
In this Financial Accounting certificate course, you will explore the core financial accounting tools that will help you understand annual reports and footnotes - creating a solid understanding of the financial statements.
CPE Credits: 35
Prerequisite knowledge:
- Basic MS Excel skills
- Elementary mathematics
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To make it even easier to learn, you can finance your program through Affirm.
Loans offered through Affirm are available in the U.S. and Canada.
Module 1: Accounting Concepts
- Introduction to financial accounting
- Balance sheet equations
- Types of ownership
- Function of an audit
Module 2: Measuring Income
- The income statement
- Revenue recognition and the matching concept
- Relationship between balance sheet and income sheet
- Statement of retained earnings
- Earnings per share
Module 3: Recording Transactions
- Explain the double entry accounting system
- Analyze and journalize transactions
- Post journal entries to the ledgers
- Prepare and use a trial balance
- Explain the accounting adjustments required at the end of the fiscal period
Module 1: Accrual Accounting and Financial Statement Formats
- Adjustments to accounts
- Implicit transactions
- Classified balance sheet
- Income statement
- Case study - Goodyear, Inc. balance sheet and income statement
Module 2: Accounting for Sales
- Revenue recognition
- Revenue measurement
- Credit sales and accounts receivable
- Assessing level of accounts receivable
Module 3: Cash Flow
- Purpose of the statement of cash flows
- Types of cash flow
- Preparing the statement of cash flows
Module 1: Inventory
- Gross Profit and COGS
- Inventory Methods
- LIFO and FIFO
- Average Cost Methods
Module 2: Long lived assets and depreciation
- Overview of long lived assets
- Depreciation
- Depreciation methods
- Gains and losses on sales of fixed assets
- Intangible assets
- Depletion
Module 3: Deferred Taxes
- Concept of deferred taxes
- Computation of deferred tax items
- Other deferred tax items Liabilities and interest
- Current liabilities
- Long term liabilities
- Accounting for leases
Module 1: Equity
- Background on stockholders equity
- Types of capital stock
- Cash dividends
- Preferred stock
- Employee stock options
- Other items
Module 2: Free Cash Flow
Module 1: Accounting for Investments
- Overview of corporate investments
- Short term investments
- Long term investments in bonds
- Market, equity and consolidation methods
Module 2: Pension accounting and accounting for stock options
- Pension plan types
- Measures of defined benefit pension plan liabilities
- Cost components of a pension plan
- Plan assets
Module 3: Introduction to Financial Statement Analysis
- Performance Analysis
- Financial Ratios
- Evaluating Corporate Performance
Module 4: Desk Ready Skills Knowledge Check