CERTIFICATE IN FINANCIAL REPORTING AND CONTROL (ACCOUNTS)

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CERTIFICATE IN FINANCIAL REPORTING AND CONTROL (ACCOUNTS) -(C1130)

CERTIFICATE IN FINANCIAL REPORTING AND CONTROL (ACCOUNTS)


FINANCIAL REPORTING AND CONTROL (ACCOUNTS)

Course Syllabus

  • Introduction to accounting
  • The conceptual framework
  • Ethics in business and accounting
  • Review of the financial statements
  • Analyzing Transactions
  • Double entry accounting system
  • Analyse and record transactions in a journal
  • Post the journal to ledger accounts
  • Prepare a trial balance
  • Accrual Accounting, Adjusting Entries, and Financial Statements
  • Accrual system of accounting versus cash basis
  • The adjustment process
  • Preparing financial statements
  • Internal Control
  • Fraud and the Sarbanes Oxley Act

Internal control objectives and procedures

  • Bank reconciliation
  • Control over cash
  • Short-term Investments and Receivables
  • Short-term investments
  • Accounts and notes receivable
  • Accounting for bad debts
  • Current and quick ratios, receivables ratios

 Inventory          

  • Inventory costing methods; FIFO, weighted average, LIFO
  • Cost of goods sold and lower of market and net realizable value
  • Effect of inventory errors
  • Long-term Assets
  • Measuring the cost of property, plant, and equipment
  • Depreciation methods including partial year depreciation and significant components
  • Derecognition of assets
  • IFRS revaluation model
  • Accounting for intangibles
  • Leases: operating and financing
  • Financial statement presentation and disclosures for assets
  • Liabilities
  • Current liabilities and contingencies
  • Long-term liabilities
  • Bonds payable
  • Bond discounts and premiums using the effective interest method
  • Accrual of bond interest
  • Operating leases
  • Financing leases
  • Shareholder’s Equity
  • Forms of business organization and advantages and disadvantages
  • Shares and shareholder rights including common and preferred
  • Issuing shares
  • Share repurchase
  • Dividends; common and preferred
  • Cash dividends, stock dividends
  • Stock splits
  • Concepts of book value, fair value, earnings per share
  • Statement of Cash Flows
  • Statement of cash flows - basic concepts
  • Preparing the statement of cash flows – indirect method
  • Preparing the statement of cash flows – direct method
  • Free cash flow
  • Financial Statement Analysis
  • Vertical and horizontal analysis
  • Revised May Page
  • Financial statement ratios and benchmarking
  • Using ratios in decision making

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