Financial Accounting

Course Description:

“Accounting” encompasses all of a company’s financial transactions based on set policies and procedures for expenses, data management and the generation of financial reports. 

Whereas the Financial accounting is the process of recording, summarizing and reporting a company’s business transactions through financial statements. These statements include the income statement, the balance sheet, the cash flow statement and the statement of retained earnings, which are legally required for the registered companies. These statements are typically included in a company’s annual report. These statements allow a company’s management to troubleshoot money issues, and to plan for the future. 

Course Objective:

The Managers, supervisors and staff from any function including the accounting professionals need to have a clear understanding of the Financial statements, the application and techniques of the language of numbers.

This course is intended for non-accountant professionals to learn the fundamentals of accounting,understand the basics of financial statements,reading and analyzing the financial statements,understand the relationship between accounting & finance and use of debit &credits and have a competitive edge over other professionals in the finance and accounting.This course is also beneficial for University students and Students who have graduated in accounting but lack practical experience.

Perceived Benefits:

• Understand the major rules and principles of accounting.
• Understand the basics of Financial Accounting and double-entry bookkeeping. 

• Understand the key financial statements (balance sheet, income statement, changes in shareholder’s equity and cash flow statement) and its components. Interpret balance sheets and Analyze the cash flow statements.

• Practice financial statements’ adjustments at month and year-end