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short description:
Financial Accounting Methods: How to use financial accounting methods to provide information designed to satisfy the needs of internal and external users. How to prepare financial statements, income statements, balance sheet,cash flow statements,accrual
long description:
Businesses communicate accounting information to internal and external stakeholders through a process known as financial reporting.
Financial reporting enables companies communicate information accurately for internal purposes and to the public to show financial position and performance
The central means of external financial reporting is a set of financial statements. The four general-purpose financial statements are the following:
Income Statement
Statement of Changes in Equity
Balance Sheet
Statement of Cash Flows
An income statement presents revenues and expenses and resulting net income or loss for a period of time. An income statement is also called Statement of Operations, Earnings Statement, or Profit and Loss Statement (P/L).
A statement of changes in equity shows all changes in owner's equity for a period of time. This statement is also called Owners' Equity Statement.
A balance sheet presents assets, liabilities and owner's equity at a specific date. A balance sheet is also called Statement of Financial Position.
A cash flow statement summarizes information about cash outflows (payments) and inflows (receipts). This statement may also include certain information not related to actual cash flows.
Elements of Financial Statements:
Assets: Are considered to be economic recourses of a business used to accomplish its main goal, i.e., increase owners' wealth
Other aspects of the course will be discussed in detail
credits obtained:
n.a.
minimum class size:
1
availability:
n.a.
fee comments:
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session structure
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title:
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type:
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description:
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duration:
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Accounting and Business Methods
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live session
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Financial Accounting Methods: How to use financial accounting methods to provide information designed to satisfy the needs of internal and external users. How to prepare financial statements, income statements, balance sheet,cash flow statements,accrual
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1h 0m
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total duration: 1h 0m over 1 session(s)
comments: n.a.
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languages:
duration:
1h 0m
fee:
100US$ (1000lp)
payment:
at booking
delivery method:
self-paced
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Harold Okwuasaba
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description of :
Patient, communicative, interactive
Teacher's qualifications:
2 years exoerience
's preferred teaching style:
Patient, communicative, interactive
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