Description
Course Outline:
· DEFINITION; PHASES OF ACCOUNTING; PURPOSE AND IMPORTANCE OF ACCOUNTING; USERS OF FINANCIAL INFORMATION
· BUSINESS TRANSACTIONS DEFINED
· ACCOUNT; CLASSIFICATION OF ACCOUNTS
o Assets
o Liabilities
o Equity
o Revenues
o Expenses
· GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAPs)
· THE ACCOUNTING EQUATION · THE THEORY OF DEBIT AND CREDIT
· CHART OF ACCOUNTS · THE ACCOUNTING CYCLE
o Journalizing / Preparing Accounting Entries
o Posting
o Preparing the Trial Balance
o Adjusting Entries
• Depreciation
• Amortization
• Bad Debts
• Prepaid Expenses
• Accrued Expenses
• Accrued Income
• Deferrals
o Closing Entries
o Preparing the Post-Closing Trial Balance
· BASIC FINANCIAL STATEMENTS
o Preparing the Balance Sheet
o Preparing the Income Statement
o Introduction to the Statement of Changes in Equity
o Introduction to the Statement of Cash Flows
· ANALYSIS OF FINANCIAL STATEMENTS
o Objectives of Financial Statement Analysis
o Types of Analysis
• Horizontal
• Vertical
• Trend
o Steps in Analyzing Financial Statements
o Financial Ratios
o Exercises: Financial Statement Analysis
Resource Speaker
Mr. Stephen I. Bañares, CPA
Training Consultant
Schedule:
July 27-28, 2023
Thursday – Friday
9:00 AM – 4:00 PM
Training Fee:
From Member Institution – P 5,600.00
From Non-Member Institution – P 7,840.00
**VAT inclusive