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EncartaLabs

Financial Accounting

( Duration: 5 Days )

This Financial Accounting training course provides a complete understanding, right from scratch to preparation and analysis of financial statements.

By attending Financial Accounting workshop, delegates will learn:

  • Accounting Concepts
  • Accounting Equation
  • Rules of Accounting
  • Recording the transactions
  • Adjusting & Rectifying the books
  • Preparation of Financial Statements
  • Analyzing Financial Statements
  • Reconciling the books

The Financial Accounting class is ideal for:

  • Every professional involved in the global financial services industry (as a provider, user, regulator or advisor of product/services, marketplace/exchange)
  • Supervisory Agencies
  • Central Banks
  • Financial Institutions
  • Commercial Banks
  • Investment Banks
  • Housing Societies/Thrifts
  • Mutual Funds
  • Brokerage Houses
  • Stock Exchanges
  • Derivatives Exchanges
  • Insurance Companies
  • Multinational Corporations
  • Accountancy Firms
  • Consultancy Firms
  • Law Firms
  • Rating Agencies
  • Multi-lateral Financial Institutions

COURSE AGENDA

1

Introduction to Accounting

  • Meaning, Functions and Sub fields of Accounting
  • Accounting Cycle
  • Accounting Principles- Concepts & Conventions
  • Accounting Equation
  • Types of Accounts
  • Rules of Debit & Credit
2

Accounting Process

  • Analyzing transactions
  • Recording transactions
  • Posting to ledger
  • Balancing the accounts
  • Preparing Trial Balance
3

Finalization of Accounts

  • Rectifying the erroneous entries
  • Journalizing adjustment entries
  • Preparing Adjusted Trial Balance
  • Passing the closing or transfer entries
  • Preparing financial statements
4

Financial Statement Analysis-I

  • Categorization of ratios
  • Various types of ratios including Liquidity Ratios, Solvency Ratios, Structure Ratios, Leverage Ratios, and Coverage Ratios.
  • Significance of these ratios
5

Financial Statement Analysis-II

  • Various other types of ratios including Profitability Ratios, Expense Ratios, Turnover Ratios, and Market Sensitivity Ratios.
  • Decomposition of ROA and ROE with Dupont Analysis
  • Limitations of ratio analysis
6

Reconciliation of Books

  • What actually is Bank Reconciliation?
  • Reasons for reconciling the books.
  • Procedure or steps for reconciliation.
7

Petty Cash Accounting

  • Petty cash and its purpose
  • Writing petty cash book
  • Types of petty cash book
  • Control over petty cash
8

Inventory Accounting

  • The basics of inventory
  • Inventory accounting systems
  • Inventory valuation methods
  • Accounting for inventory
  • Inventory and its impact on financial statements.
9

Depreciation Accounting

  • The basic concepts of depreciation
  • The methods of depreciation
  • Accounting for depreciation
  • Depreciation and its impact on cash flow and income tax
10

Depreciation Accounting

  • The basic concepts of depreciation
  • The methods of depreciation
  • Accounting for depreciation
  • Depreciation and its impact on cash flow and income tax
11

Analysis of Financing Liabilities

  • The course provides a distinction between operating and trade debt related to operating and financing activities.
  • It explains debt issuance (in particular zero coupon bond)/amortization effects on financial statements and financial ratios.
  • Further, the course analyses the effect of issuance of a debt with equity features on financial statements and ratios.
  • The course gives an insight into various disclosures related to financing liabilities.
  • The course also elaborates the effect of changing interest rates on the market value of debt as well as on financial statements and ratios.
  • Lastly, the course describes the concept of retiring debt and debt covenants from various perspectives.
12

Leases and Off-Balance-Sheet Debt

  • The course explains the fundamentals of lease financing and focuses on various forms of off-balance-sheet financing.
  • Further, it differentiates between operating and financial leases.
  • It makes the user understand the impact of lease financing on accounting system of a concern and its ratios.
  • The course also expounds the lease accounting calculations.
  • Also, it describes various other forms of off-balance-sheet financing like sales receivables and take-or-pay contracts.
13

Analysis of Income Taxes

  • Accounting policies adopted by a company (such as method of depreciation, valuation of inventories etc.) influences the financial statements and thereby the pre-tax income and the income tax payable. When the tax reporting and financial reporting differs, it leads to differences in income and deferred tax liabilities.
  • The effect on income, deferred tax liability/assets, and various related issues are discussed in this course.
14

Financial Reporting Standards

  • The course discusses the objective of financial reporting and the importance of financial standards in security analysis and valuation.
  • The course explores the role of financial reporting standard-setting bodies worldwide and the International Financial Reporting Standards (IFRS) framework promulgated by one key body, the International Accounting Standards Board.
  • The movement towards worldwide convergence of financial reporting standards is also introduced.
  • Further, IFRS is compared with other alternative reporting systems.
  • Finally, the course discusses the importance of monitoring developments in financial reporting standards
15

International Standards Convergence

  • The course first explains the major international accounting standards for each asset and liability category on the balance sheet and the key differences from U.S. generally accepted accounting principles (GAAP).
  • Then the course focuses on comparison of the major international accounting standards with U.S. GAAP with respect to major revenue and expense categories on the income statement.
  • The course also discusses the major differences between international and U.S. GAAP accounting standards concerning the treatment of interest and dividends on the cash flow statement.
  • Finally, the course explains the effect of differences between international and U.S. GAAP accounting standards on some commonly used financial ratios.

Encarta Labs Advantage

  • One Stop Corporate Training Solution Providers for over 6,000 various courses on a variety of subjects
  • All courses are delivered by Industry Veterans
  • Get jumpstarted from newbie to production ready in a matter of few days
  • Trained more than 50,000 Corporate executives across the Globe
  • All our trainings are conducted in workshop mode with more focus on hands-on sessions

View our other course offerings by visiting https://www.encartalabs.com/course-catalogue-all.php

Contact us for delivering this course as a public/open-house workshop/online training for a group of 10+ candidates.

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