Course Description

Participants will gain a deeper understanding of the role accounting concepts and procedures play in business organizations and how accounting information is used as an essential operating and management tool.

Course Outline

  • Introduction to Accounting and Business
    • Types of Business Entities
    • Financial accounting & managerial accounting
    • GAAP & Tax Reporting
    • Internal & External Users
  • The four primary financial statements
    • Income Statement
    • Statement of Stockholders’ Equity
    • Balance Sheet
    • Statement of Cash Flow
  • Analyzing business transactions
    • Debits & Credits
    • Account Types
    • Chart of Accounts
  • Recording financial transactions
    • Cash versus accrual accounting
    • One-time and Recurring Adjustments
  • The Accounting Cycle
    • Calendar/Fiscal Year Differences
    • Sarbanes Oxley & Internal Controls
    • Audit Committee
    • Internal Controls & IT for Financial Reporting
    • Role-based Security for Financial Systems

Learner Outcomes

At the end of this course, you will be able to:

  • Define basic accounting concepts and related procedures in a business environment.
  • Proficiently analyze, record and report financial information at the end of an accounting period.
  • Determine why accounting information is essential as an operational and managerial tool.
  • Understand and map the accounts the compromise a Balance Sheet
  • Determine how business transactions affect the Balance Sheet
  • Identify the users of the Balance Sheet and how their needs differ
  • Interpret the Balance Sheet accounts are summarized for financial reporting (10-K, Annual Report)
Thank you for your interest in this course. Unfortunately, the course you have selected is currently not open for enrollment. Please complete a Course Inquiry so that we may promptly notify you when enrollment opens.
Required fields are indicated by .