Financial Accounting
About Financial Accounting
Financial accounting is the process of documenting, compiling, and disclosing a company's financial activities. The income statement, balance sheet, cash flow statement, and statement of retained earnings are these statements.
Before expressing interest in working with the company, for instance, investors or sponsors must confirm an account statement.
Why is Financial Accounting important?
Businesses can monitor their activities through financial accounting, which also gives a quick overview of their financial situation. A corporation may provide investors and lenders greater clout in their decision-making by presenting data through a range of statements, such as the balance sheet and income statement.
Who should take the Financial Accounting Exam?
- Accounting managers, senior executives, executives
- College Students and Recent Graduates
- Entrepreneurs
- Mid-Career Professionals
Financial Accounting Certification Course Outline
- The Accounting Equation
- Recording Transactions
- Financial Statements
- Adjusting Journal Entries
- The Statement of Cash Flows
- Understand LIFO and FIFO.
- Understand how to use the accounting system for Internal Control.
- Understand the different methods of depreciation.
- Analyzing Financial Statements
- Accounting for the Future