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:

June 24-25, 2021
Thursday-Friday, 9:00 AM – 4:00 PM

 

Training Fee:

From Member Institution – P 4,000.00 plus VAT

From Non-Member Institution – P 6,000.00 plus VAT

 

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