Financial Accounting
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Duration : 1.5 hours
- Meaning, Functions and Sub fields of Accounting
- Accounting Cycle
- Accounting Principles Concepts & Conventions
- Accounting Equation
- Types of Accounts
- Rules of Debit & Credit
Duration : 1 hour
- Analyzing transactions
- Recording transactions
- Posting to ledger
- Balancing the accounts
- Preparing Trial Balance
Duration : 1 hour
- Rectifying the erroneous entries
- Journalizing adjustment entries
- Preparing Adjusted Trial Balance
- Passing the closing or transfer entries
- Preparing financial statements
Duration : 2 hours
- Importance of analyzing financial statements
- Techniques of analyzing financial statements
- Ratio analysis
- Categorization of ratios
- Users of financial information and ratios of their interest
- Balance sheet ratios – Liquidity, Solvency, and Structure ratios
- Income statement ratios – Profitability, Expense, and Leverage ratios
- Combined ratios – Turnover, Coverage, and Market Sensitivity ratios
Duration : 2.5 hours
- Advanced Ratio analysis
- Income statement ratios – Profitability ratios, Expense ratios
- Combined ratios – Turnover ratios, Market sensitivity ratios
- Limitations of ratio analysis
Duration : 1 hour
- What is Reconciliation?
- Reasons for reconciling the books
- Procedure or steps for reconciliation
Duration : 1 hour
- Petty cash and its purpose
- Writing petty cash book
- Types of petty cash book
- Control over petty cash
Duration : 1 hour
- The basics of inventory
- Inventory accounting systems
- Inventory valuation methods
- Accounting for inventory
- Inventory and its impact on financial statements
Duration : 1 hour
- The impact of expensing or capitalizing decision on the firm's financial statements and ratios
- The treatment for intangible assets regarding capitalizing or expensing the costs
- The circumstances when intangible assets are capitalized
Duration : 1.5 hours
- The basic concepts of depreciation
- The methods of depreciation
- Accounting for depreciation
- Depreciation and its impact on cash flow and income tax
Duration : 1 hour
- Debt issuance (in particular zero coupon bond)/amortization effects on financial statements and financial ratios
- The effect of issuance of a debt with equity features on financial statements and ratios
- Insight into various disclosures related to financing liabilities
- The effect of changing interest rates on the market value of debt
- The effect of changing interest rates on financial statements and ratios
- The concept of retiring debt and debt covenants from various perspectives
Duration : 1 hour
- Differentiate between operating and financial leases
- Understand the impact of lease financing on accounting system of a concern and its ratios
- Lease accounting calculations
- Various other forms of offbalancesheet financing like sales receivables and takeorpay contracts.
Duration : 1 hour
- Accounting policies adopted by a company (such as method of depreciation, valuation of inventories etc.) influences the financial statements and thereby the pretax income and the income tax payable.
- When the tax reporting and financial reporting differs, it leads to differences in income and deferred tax liabilities.
Duration : 2 hours
- The role of financial reporting standardsetting bodies worldwide
- International Financial Reporting Standards (IFRS) framework
- International Accounting Standards Board
- The movement towards worldwide convergence of financial reporting standards
- IFRS is compared with other alternative reporting systems
- The importance of monitoring developments in financial reporting standards.
Duration : 2 hours
- Comparison of the major international accounting standards with U.S. GAAP with respect to major revenue and expense categories on the income statement
- The major differences between international and U.S. GAAP accounting standards concerning the treatment of interest and dividends on the cash flow statement.
- The effect of differences between international and U.S. GAAP accounting standards on some commonly used financial ratios.
Duration : 1 hour
- Measurement Tools
- Disclosures
- Case Study