Free online courseFinancial Accounting management

Course Description

The course "Financial Accounting Management" is a comprehensive program designed to provide an in-depth understanding of financial accounting. With a total duration of 7 hours and 4 minutes, this extensive course is categorized under Business Administration and falls specifically within the subcategory of Accounting. Despite having no reviews yet, it promises a thorough exploration of key concepts in financial accounting, making it a valuable resource for anyone looking to deepen their knowledge in this field.

Starting with a foundational overview, the course introduces the essentials of financial accounting, laying the groundwork for more intricate topics to follow. You will first encounter an exploration of accounting basics, including what accounting is and why it holds significant importance in the business world. Following this, you'll delve into the realm of transactions in accounting, giving you a solid grip on bookkeeping basics.

As the course progresses, it transitions into more specific areas such as accounting standards, periods, and the governing bodies that set these standards. A significant portion of the curriculum is dedicated to an extensive explanation of various asset types, including tangible, intangible, current, long-term, and accounts receivable assets. This detailed breakdown ensures you gain a nuanced understanding of how different assets are managed and accounted for.

Liabilities also receive comprehensive coverage, with discussions on the various types of liabilities, including current and accrued liabilities as well as contingents. The subject of equity is dissected to explain the accounting equation, the interplay between assets and liabilities, and the nuances of private equity. This sets the stage for understanding more complex financial reports.

The course takes you through the intricacies of income statements, detailing important components such as EBITDA, cost of goods sold, depreciation, amortization, and earnings per share (EPS). Furthermore, the critical concept of journal entry and double-entry bookkeeping is introduced, accompanied by tips and tricks for mastering the golden rules of accounting.

On the journey to mastering financial accounting management, you'll encounter in-depth lessons on ledger accounts, ledger posting, trial balances, and the creation of T-accounts. The curriculum also includes a discussion on the trading account, highlighting the differences between gross and net profit and detailing closing stock management and the cost of goods sold.

In the latter part of the course, emphasis is placed on the preparation and understanding of foundational financial statements: income statements, balance sheets, and cash flow statements. Through straightforward explanations, you will learn to navigate these documents with ease, making complex accounting topics accessible.

Capital budgeting techniques are another crucial component covered, explaining concepts such as Net Present Value (NPV), Internal Rate of Return (IRR), Payback Period, and Profitability Index (PI). These are elucidated using simple English, with a detailed walkthrough in Excel to enhance practical understanding. The course further delves into the Weighted Average Cost of Capital (WACC), unpacking the WACC formula and the broader ideas of capital cost.

Wrapping up, the course touches on advanced financial accounting aspects, from the beta stocks and their implications, to the Capital Asset Pricing Model (CAPM) and the Sharpe Ratio for portfolio building and optimization. Practical tools such as the portfolio optimization automated file solver are also provided to equip you with hands-on skills.

Overall, this course ensures a holistic education in financial accounting, encompassing both basic and advanced topics from start to finish.