Accounting for Non-Accountants with Financial Statement Analysis

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

Schedule:

July 16 & 17, 2020

(10am – 12nn, 2pm – 4pm, four sessions in two days)

Training Fee:

Member Institutions: Php 4,000

Non-Member Institutions: Php 6,000

  REGISTER ONLINE