This course consists of basics and significance of a Balance Sheet, 'What does it tell about a business?' How it is prepared, its different sections, various kinds of assets and liabilities, their meaning, analysis of a balance sheet, along with illustrations in MS Excel, how to compute different ratios from Balance Sheet etc.,
This course equips the participant to understand the significance of a Cash Flow Statement, what are its Component Sections, How they are prepared, how to analyse it, its Utility in decision making by managers and how useful they are in making investment decisions by existing and prospective investors and how the cash flow statement forms as one of the bases for valuing a business entity.
The course consists of 20 Modules as below.
- Introduction to Financial Accounting and Reporting
- GAAP – The pillars and forces influencing ‘Financial Accounting and Reporting’
- Financial Statements – Introduction, Meaning, Structure, and Demystification of major Elements of Financial Statements
- Financial Accounting and Reporting – Process, Structure and Governance
- Financial Reporting Standards - Overview and Comparative Study
- Recording Business Transactions in Primary Books
- Recording of Business Transactions in Principal Books
- Preparation of Trial Balance and Rectification of Errors
- Accounting for Non - Current Assets
- Accounting for and Valuation of Inventories
- Accounting Information Systems – The Physical and Virtual Infrastructure
- Prelude to Preparation of Financial Statements
- Preparation of Financial Statements - Income Statement (or Profit and Loss a/c)
- Preparation of Financial Statements – Statement of Financial Position (Balance Sheet) and Statement of Changes in Equity
- Preparation of Financial Statements - Funds Flow and Cash Flow Statements
- Preparation of Financial Statements in Special Situations
- Accounting for Direct and Indirect Taxes
- Fair Value Accounting
- Financial Statements Analysis and Introduction to Financial Modeling
- Application of Microsoft Excel and VBA for Excel in Financial Accounting and Financial Modeling