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Overview
In today's fast-paced business environment, understanding financial accounting is essential for making informed decisions. The "Mastering Financial Accounting" course aims to equip financial accountants with a thorough understanding of the principles and practices. This comprehensive course is designed to cater to both business students and professionals in the accounting field, providing them with the knowledge and skills necessary to excel in financial accounting. Whether you're new to accounting or looking to refresh your knowledge, this program offers key insights into the core elements of financial accounting.
Objectives
By the end of this course, participants will learn:
- How to use journal entries to record transactions and prepare and use t-accounts to summarize transactions recorded during an accounting period
- The three most commonly used financial statements and how they fit together
- How to prepare these financial statements based on transactions recorded during an accounting period
- How to draw basic conclusions about a company's financial health
Course Outline
This program consists of several detailed modules designed to cover every aspect of financial accounting. The course will be conducted through a blend of interactive lectures, case studies, and practical exercises.
- Introduction to Financial Accounting
- Basics of accounting and the accounting cycle
- Double-entry system and bookkeeping
- Understanding financial transactions
- Preparing Financial Statements
- Income statements
- Balance sheets
- Cash flow statements
- Asset Management and Depreciation
- Types of assets and their classification
- Depreciation methods and asset valuation
- Liabilities and Equity
- Short-term vs long-term liabilities
- Equity and shareholders’ interests
- Analyzing Financial Statements
- Ratio analysis for assessing company performance
- Interpreting financial data for better decision-making
- Advanced Topics in Financial Accounting
- Revenue recognition and accruals
- Handling inventory and cost of goods sold
Target Group
This course is suitable for:
- Business professionals looking to expand their knowledge of financial accounting.
- Accountants and finance personnel seeking to refresh or deepen their understanding.
- Entrepreneurs and small business owners who wish to gain better insight into their financial operations.
- Individuals considering a career in finance or accounting and seeking to establish a solid foundation.
Program Cost
The "Mastering Financial Accounting" course is available in two formats:
- 5-day program: €3,700
- 10-day program: €6,500 Both options provide a thorough understanding of financial accounting fundamentals, with the extended program offering additional case studies and hands-on exercises.
This course is flexible and can be scheduled on different dates to suit your availability. Contact us for more information on upcoming sessions or to request a custom schedule.
Organizers
This course is organized by the Geneva Institute of Business Management in collaboration with its European partners, ensuring a high-quality learning experience delivered by seasoned professionals.
