CSAP - Accounting Bootcamp Module

The Accounting Boot Camp explores the core financial accounting tools that help participants understand annual reports and footnotes. The module covers balance sheet and cash flow statements along with basic accounting concepts related to key accounts on the income statement. Difficult to understand principles such as deferred taxes, pensions and accounting for stock options are also explained.

Problems, exercises and case studies are employed to illustrate key principles. Emphasis is placed on finding and analyzing information.

04-Aug-2008 -- 08-Aug-2008New YorkUSD$4675
NY Institute of Finance - Midtown9:00am - 4:30pm Instructional Method:
Group-Live
Instructor(s): [ Lance Eckel; ] Mon Tue Wed Thu Fri Level: Basic
CPE Credits: 36.0

13-Oct-2008 -- 17-Oct-2008ChicagoUSD$4675
NY Institute of Finance - Chicago9:00am - 4:30pm Instructional Method:
Group-Live
Instructor(s): [ Marc Cherney; ] Mon Tue Wed Thu Fri Level: Basic
CPE Credits: 36.0

The program will benefit anyone who wishes to enhance their existing skills and learn new ones. It should be of particular interest to: entry level finance professionals, investment professionals, research analysts, corporate bankers, fixed income analysts, credit analysts, mergers and acquisition professionals, equity analysts and mid-level career transitions.
No advance preparation required.
Students will be able to:
  • Describe the components of the balance sheet
  • Analyze the effect of transactions on the balance sheet equation
  • Compare the features of sole proprietorships, partnerships and corporations
  • Describe the function of an audit
  • Explain the regulation of financial reporting
  • Explain how accountants measure income
  • Determine when a company should record revenue from a sale
  • use the concept of matching to record the expenses for a period
  • Demonstrate how an income statement is related to a balance sheet
  • Account for cash dividends and prepare a statement of retained earnings
  • 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
  • Explain the role of adjustments in accrual accounting
  • Explain the difference between explicit and implicit transactions
  • Describe components of a classified balance sheet
  • Prepare a classified balance sheet
  • Describe components of a single and multiple step income statement
  • Prepare a multiple step income statement
  • Use ratios to assess profitability
  • Determine proper period in which to record evenues
  • Link inventory valuation to gross profit
  • Assess accounts receivable
None
"Meaningful material covered in a concise and practical manner"
"Very well organized, good presentation"
  • Core Skills Analyst Program
  • Advanced Corporate Finance
  • Accounting for Mergers & Acquisitions
    • DAY ONE

    Accounting Concepts

    • Introduction to financial accounting
    • Balance sheet equations
    • Types of ownership
    • Function of an audit

    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

    Recording Transactions

    • Double entry system
    • Recording process
    • Trial balance

    DAY TWO

    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

    Accounting for Sales

    • Revenue recognition
    • Revenue measurement
    • Credit sales and accounts receivable
    • Assessing level of accounts receivable

    Inventory

    • Gross profit and cost of goods sold
    • Perpetual and periodic inventory systems
    • Inventory calculation issues
    • Principal inventory valuation methods
    • Characteristics of LIFO
    • Lower of cost or market
    • Gross profit and inventory turnover

    DAY THREE

    Long lived assets and depreciation

    • Overview of long lived assets
    • Depreciation
    • Depreciation methods
    • Gains and losses on sales of fixed assets
    • Intangible assets
    • Depletion

    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

    Equity

    • Shareholder rights
    • Authorized, issues and outstanding shares
    • Preferred stock
    • Issuance of shares
    • Exchanges and conversions
    • Dividends

    DAY FOUR

    Equity

    • Background on stockholders equity
    • Types of capital stock
    • Cash dividends
    • Preferred stock
    • Employee stock options
    • Other items

    Cash Flow

    • Purpose of the statement of cash flows
    • Types of cash flow
    • Preparing the statement of cash flows

    Free Cash Flow

    DAY FIVE

    Accounting for Investments

    • Overview of corporate investments
    • Short term investments
    • Long term investments in bonds
    • Market, equity and consolidation methods

    Pension accounting, accounting for stock options

    • Pension plan types
    • Measures of defined benefit pension plan liabilities
    • Cost components of a pension plan
    • Plan assets

    Pension Accounting, Accounting for Stock Options

    Clients who register for this course will receive a complimentary 6 month subscription to the Financial Times and FT.com. The Financial Times is the world's most respected financial newspaper providing a broad assessment on finance, business and the industrial sector. Subscriptions will start within 6-8 weeks of the application process, and are limited to one per client. For questions about your subscriptions call 800-628-8088 or email uscirculation@ft.com. US and Canada enrollees only.

    Lunch included for all students taking day classes.