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
Complete overview of financial accounting to deepen your understanding
Describe the components of the balance sheet
Analyze the effect of transactions on the balance sheet equation
Explain how accountants measure income
Use the concept of matching to record expenses for the period
Demonstrate how an income statement is related to a balance sheet
Explain the double entry accounting system
Analyze and journalize transactions
Explain the role of adjustments in accrual accounting
Describe and prepare a classified balance sheet
Describe and prepare an income statement
Describe and prepare a cash flow statement
New analysts, investment advisors, credit analysts, compliance staff, auditors
