Students develop the skills necessary to prepare and analyze the financial statements of a public
corporation. Topics include the conceptual framework; accounting standards; the accounting cycle;
financial statements; internal control and bank reconciliations; short-term investments and receivables;
inventory; long-term assets including intangibles; liabilities including bonds payable; shareholders' equity,
dividends, and share repurchases; comprehensive income and the statement of shareholders' equity;
statement of cash flows; and financial statement analysis.
Educational Objectives/Outcomes
Upon completing this course, students will be able to:
1. Describe the system of accounting standards and principles.
2. Demonstrate the accrual method of accounting and the accounting cycle.
3. Prepare a balance sheet, income statement, statement of changes in equity, and a statement of cash
flows using both the indirect and direct method.
4. Identify the objectives and procedures of internal control.
5. Account for short-term investments, receivables, and inventories.
6. Account for the purchase, amortization, and derecognition of tangible and intangible long-term assets.
7. Account for bonds issued at par, a discount, or a premium by the effective interest method, including
interest payments for full and partial periods.
8. Journalize shareholder’s equity transactions for share issue, repurchase, and both cash and stock
dividends.
9. Analyze financial statements utilizing horizontal and vertical analysis and ratio analysis.
Financial Accounting
A practical guide for preparing and mastering financial budgets
Highlights:
Understand the Accounting Framework
Understand the Accounting Process
Understand the process of Finalization
Understand the Financial Statement Analysis
Understand Depreciation Accounting
Understand Merchandise Accounting
Reconciling Cash & Bank balances
Bookkeeping & Accountancy
1. The objective of the course is to introduce the language of business and to train the
students for the preparation of financial statements.
2. To develop competence in using computerized accounting systems.
3. To teach the accounts of different forms of business organizations.
Accounting and Finance will help you to take your skills and knowledge to the next level. Whether you want to further your professional career, or go on to study for a PhD , this course gives you the qualification you need to succeed. A career in accounting, financial services or related sectors of the economy requires a high level of understanding of both the theory and practice of accounting and finance. This course is designed to give you a broad-based understanding of the core subject areas with an emphasis on empirical research methods and on accounting and finance practice.
http://www.icollegete.com/
International College of Technical Education.
Head Office :
Office # 27, Second Floor, Maryam Shadi Hall Plaza
(Airies Plaza), Shamsabad, Murree Road,
Rawalpindi, Pakistan 46000.
Email : [email protected]
Contact : 051-8736681, 0311-5193625, 0092-335-4176949