Financial Accounting Professional Certificate
Gain CPE:35 Credits



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5 Days

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5 Days

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Virtual Classroom
5 Days

Price as configured: $3,899.00

Financial Accounting Professional Certificate

Explore the core financial accounting tools that will help you understand annual reports and footnotes - creating a solid understanding of the financial statements.

Prerequisite knowledge:

  • Basic MS Excel skills
  • Elementary mathematics
What You'll Learn
Who Should Take This
eventDay 1

Module 1: Accounting Concepts

  • Introduction to financial accounting
  • Balance sheet equations
  • Types of ownership
  • Function of an audit
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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
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eventDay 2

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
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Module 2: Accounting for Sales

  • Revenue recognition
  • Revenue measurement
  • Credit sales and accounts receivable
  • Assessing level of accounts receivable
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eventDay 3

Module 1: Long lived assets and depreciation

  • Overview of long lived assets
  • Depreciation
  • Depreciation methods
  • Gains and losses on sales of fixed assets
  • Intangible assets
  • Depletion
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Module 2: 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
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Module 3: Equity

  • Shareholder rights
  • Authorized, issues and outstanding shares
  • Preferred stock
  • Issuance of shares
  • Exchanges and conversions
  • Dividends
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eventDay 4

Module 1: Equity

  • Background on stockholders equity
  • Types of capital stock
  • Cash dividends
  • Preferred stock
  • Employee stock options
  • Other items
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Module 2: Cash Flow

  • Purpose of the statement of cash flows
  • Types of cash flow
  • Preparing the statement of cash flows
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Module 3: Free Cash Flow

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    eventDay 5

    Module 1: Accounting for Investments

    • Overview of corporate investments
    • Short term investments
    • Long term investments in bonds
    • Market, equity and consolidation methods
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    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
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    Module 3: Desk Ready Skills Knowledge Check

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        Basic overview of the 3 financial statements and how they relate

      • 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 revenues
      • Link inventory valuation to gross profit
      • Assess accounts receivable

      Recommended for:

      entry level finance professionals and regulators
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