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
Schedules:
November 21-22, 2019; 8:30 A.M. to 5:00 P.M.
Venue:
Dusit Thani Manila, Ayala Center, Makati City