Financial Accounting Principles
Financial Accounting Principles
About Course
This course teaches the information that is needed for sound economic decision making includes the preparation and examination of financial reports. The Generally Accepted Accounting Principles (GAAP) guidelines will be followed.
Course Content
Week 1. What is financial accounting?
-
Lesson material
-
Assignment 1
Week 2. Why is financial accounting important?
Week 3. What should decision makers know about an organisation (materiality)?
Week 4. The need for Generally Accepted Accounting Principles (GAAP)
Week 5. 4 Basic terms in Financial Accounting
Week 6. Preparing income statement
Week 7. Preparing balance sheet and statement of cashflows
Week 8. Collecting and organising information necessary to prepare financial statement
Week 9. Why must financial information be adjusted before production of financial statement?
Week 10. Treating accounts receivable
Week 11. Accounting for Inventory
Week 12. How do firms treat tangible assets?
Week 13. How do firms treat intangible asset?
Week 14. Financial Ratio Analysis
Week 15. Quiz
Student Ratings & Reviews
No Review Yet