What you’ll learn
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Grasp the basics of financial accounting and understand its objectives and significance in business.
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Demonstrate proficiency in using the double-entry accounting system and interpreting the accounting equation.
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Record business transactions using debits and credits, including period-end adjusting entries.
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Understand and apply the rules for closing entries at the end of an accounting period.
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Handle transactions related to the purchase and sale of inventory, including applying inventory cost flow assumptions such as FIFO, LIFO, and weighted average m
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Master the use of subsidiary ledgers and special journals, specifically for accounts receivable and accounts payable
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Conduct bank reconciliations and apply best practices for cash internal controls.
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Accurately estimate and record allowance for doubtful accounts using both allowance method and direct write-off methods.
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Understand, calculate, and record depreciation for property, plant, and equipment using various methods, including straight-line, double-declining balance, and
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Handle transactions related to the purchase and sale of property, plant, and equipment.
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Understand and execute the payroll accounting process, including the calculation of payroll taxes and recording complex payroll journal entries.
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Grasp the unique accounting considerations and transactions for partnerships, including income allocation, admission and withdrawal of a partner, and partnershi
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Handle transactions unique to a corporate form of entity, including issuance and repurchase of shares, and dividend distributions.
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Understand the concept of bonds payable and notes payable, including their issuance, discount/premium amortization, and interest payment.
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Prepare a comprehensive statement of cash flows using both direct and indirect methods, and understand its importance in financial analysis.
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Use Excel to perform various accounting tasks, including creation of amortization schedules and financial statement preparation.
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Understand how to update and adjust accounting records to reflect changes in the business environment.
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Grasp the importance of theory in making appropriate accounting adjustments and decisions.
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Learn how to compare and contrast different accounting procedures and choose the most suitable for a given business scenario.
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Understand and apply the time-value of money concept in the context of bond and note transactions.
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Determine current and long-term portions of notes payable using amortization schedules.
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Learn how to adapt accounting procedures and policies to ever-changing business and regulatory environments.
Can I download Financial Accounting: A Comprehensive Guide with E-book course?
You can download videos for offline viewing in the Android/iOS app. When course instructors enable the downloading feature for lectures of the course, then it can be downloaded for offline viewing on a desktop.Can I get a certificate after completing the course?
Yes, upon successful completion of the course, learners will get the course e-Certification from the course provider. The Financial Accounting: A Comprehensive Guide with E-book course certification is a proof that you completed and passed the course. You can download it, attach it to your resume, share it through social media.Are there any other coupons available for this course?
You can check out for more Udemy coupons @ www.coursecouponclub.com
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Disclosure: This post may contain affiliate links and we may get small commission if you make a purchase. Read more about Affiliate disclosure here.
