Course information

Financial Accounting Training Course Outline

Module 1: Introduction to Financial Accounting

  • Overview and Importance
    • Definition and Purpose
    • Users of Financial Information
  • Accounting Principles and Standards
    • Generally Accepted Accounting Principles (GAAP)
    • International Financial Reporting Standards (IFRS)

Module 2: Recording Financial Transactions

  • Double-Entry System
    • Debits and Credits
    • Journal Entries
  • Ledger Accounts
    • Posting to the Ledger
    • Trial Balance

Module 3: Preparing Financial Statements

  • Income Statement
    • Revenue Recognition
    • Expense Matching
  • Balance Sheet
    • Assets, Liabilities, and Equity
    • Classification and Valuation
  • Cash Flow Statement
    • Operating, Investing, and Financing Activities
    • Direct and Indirect Methods

Module 4: Financial Statement Analysis

  • Ratio Analysis
    • Liquidity Ratios
    • Profitability Ratios
    • Solvency Ratios
  • Trend Analysis
    • Horizontal Analysis
    • Vertical Analysis

Module 5: Advanced Topics in Financial Accounting

  • Inventory Accounting
    • FIFO, LIFO, and Weighted Average
    • Inventory Valuation and Reporting
  • Accounting for Receivables and Payables
    • Bad Debts and Allowances
    • Accounts Payable Management
  • Ethics and Professional Standards
    • Code of Conduct
    • Regulatory Environment

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Who should attend this Financial Accounting Course?

This Financial Accounting Training is tailored for individuals who wish to gain a solid understanding of financial accounting principles and practices. It's perfect for professionals seeking to improve their financial reporting abilities and advance their careers in finance and accounting. Professions that will benefit from this course include:

  • Accountants
  • Financial Analysts
  • Auditors
  • Tax Consultants
  • Financial Managers
  • Controllers
  • Budget Analysts
  • Business Owners

Prerequisites of the Financial Accounting Course

There are no prerequisites for this Financial Accounting Training.

Financial Accounting Course Overview

Financial Accounting is the process of recording, summarising, and reporting a business's financial transactions. This discipline is essential for providing stakeholders with accurate and timely financial information, crucial for decision-making, regulatory compliance, and overall financial management.

Mastering financial accounting is crucial for Accountants, Financial Analysts, and Business Managers who must ensure the accuracy and integrity of financial records. These professionals must understand the standards and regulations governing financial reporting and have the skills to analyse financial statements.

The Knowledge Academy’s 1-day Financial Accounting Certification Course provides delegates with a thorough understanding of Financial Accounting principles and practices. Participants will learn about the accounting cycle, financial statement preparation, and key accounting standards.

Course Objectives

  • To introduce the fundamental concepts of Financial Accounting
  • To understand the accounting cycle and the process of recording financial transactions
  • To learn how to prepare and analyse financial statements
  • To explore key accounting standards and regulatory requirements
  • To develop skills in maintaining accurate financial records
  • To prepare delegates for applying Financial Accounting principles in their professional roles

Upon completing this course, delegates will have a strong foundation in Financial Accounting and the practical skills to manage financial records and reports. They will be equipped to ensure compliance with accounting standards, provide accurate financial information, and support their organisation's financial decision-making processes.

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What’s included in this Financial Accounting Course?

  • World-Class Training Sessions from Experienced Instructors
  • Financial Accounting Certificate 
  • Digital Delegate Pack

Why choose us

Our Edmonton venue

Includes..

Free Wi-Fi

To make sure you’re always connected we offer completely free and easy to access wi-fi.

Air conditioned

To keep you comfortable during your course we offer a fully air conditioned environment.

Full IT support

IT support is on hand to sort out any unforseen issues that may arise.

Video equipment

This location has full video conferencing equipment.

Edmonton is the capital city of the province of Alberta in Canada. It’s the second largest city in Alberta and the fifth in Canada, with a population of around 850,000 people. Edmonton is known as ‘Canada’s Festival City’ for the fact is hosts a large amount of festivals over the year. Edmonton is the centre of a number of large oil sands projects and diamond mining activities occurring in the northwest territories of Canada. There are two English school boards in Edmonton and one French school board which govern the public schools. There are also a large amount of private schools, not governed by any board, and many parents choose to home-school their children. Schools in Edmonton are funded by property taxes and a large number of provincial grants but also provide resources and support for those who home-school or are home-schooled. There are six universities in Edmonton; Concordia University College of Alberta, MacEwan University, The King's University College, NorQuest College, Northern Alberta Institute of Technology (NAIT) and the University of Alberta, providing a large amount of degrees and programs for students. The largest is the University of Alberta and educates up for 40,000 students on around 400 programs. The second in the MacEwan University which caters to around 40,000 students, 14,000 of these being full-time. This university provides degrees, diplomas and certificates in a wide number of programs. Miscellaneous educational institutions include Taylor University College and Seminary and the Yellowhead Tribal College, which is a First Nations college.

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Address

Intelligent Office
Scotia Place
Tower 1,
10060 Jasper Avenue
Suite 2020 (20th Floor)
Edmonton
Alberta
T5J 3R8

T: +1 6474932992

Ways to take this course

Experience live, interactive learning from home with The Knowledge Academy's Online Instructor-led Financial Accounting Course in Edmonton. Engage directly with expert instructors, mirroring the classroom schedule for a comprehensive learning journey. Enjoy the convenience of virtual learning without compromising on the quality of interaction.

Unlock your potential with The Knowledge Academy's Financial Accounting Course in Edmonton, accessible anytime, anywhere on any device. Enjoy 90 days of online course access, extendable upon request, and benefit from the support of our expert trainers. Elevate your skills at your own pace with our Online Self-paced sessions.

Streamline large-scale training requirements with The Knowledge Academy's In-house/Onsite at your business premises. Experience expert-led classroom learning from the comfort of your workplace and engage professional development.

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Tailored learning experience

Leverage benefits offered from a certification that fits your unique business or project needs

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Maximise your training budget

Cut unnecessary costs and focus your entire budget on what really matters, the training.

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Team building opportunity

Our offers a unique chance for your team to bond and engage in discussions, enriching the learning experience beyond traditional classroom settings

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Monitor employees progress

The course know-how will help you track and evaluate your employees' progression and performance with relative ease

What our customers are saying

Financial Accounting Course in Edmonton FAQs

Financial Accounting involves recording, summarising, and reporting financial transactions to provide accurate financial statements for stakeholders' decision-making.
This course teaches Financial Accounting principles, practices, and techniques, including financial statement preparation, analysis, and reporting.
Financial Accounting is needed by all industries, including finance, healthcare, retail, manufacturing, and government, to manage financial records and compliance.
Yes, Financial Accounting jobs are well-paid due to the essential nature of the work and the required expertise.
The salary typically ranges from £35,000 to £70,000 annually in Edmonton, depending on experience and location.
To become a Financial Accountant, you need a degree in accounting or finance, professional certifications like ACCA or CIMA, and relevant work experience.
Study accounting principles, practice with financial statements, gain proficiency in accounting software and pursue relevant education and certifications.
Benefits of this course include a solid understanding of accounting principles, improved job prospects, and preparation for professional certifications.
Opportunities including roles such as Financial Accountant, Auditor, Tax Advisor, Financial Analyst, and Controller are available after completing this course.
Aspiring Accountants, Finance Professionals, business owners, and anyone seeking to understand financial accounting principles should attend.
There are no prerequisites for this Financial Accounting Online Course.
Skills include attention to detail, analytical thinking, proficiency in math, understanding of accounting software, and effective communication.
It enhances your accounting knowledge, improves job prospects, and prepares you for advanced certifications and roles.
To register for this course, please visit The Knowledge Academy’s Financial Accounting Certification course page, select your preferred dates from the Dates and Prices section, make the payment and avail the course materials.
You'll learn about financial statement preparation, accounting principles, ledger management, and financial analysis from this course.
Topics covered in this course include bookkeeping, financial statements, GAAP, IFRS, budgeting, and financial analysis.
The duration of this course spans 1 day.
Should you encounter any difficulties accessing the course materials, our customer support team is available to assist and promptly resolve any issues you may encounter.
Yes, delegates will receive a course completion certificate upon completing this Financial Accounting Online Course.
The training fees for Financial Accounting Course certification in Edmonton starts from CAD2095
The Knowledge Academy is the Leading global training provider for Financial Accounting Course.
Please see our Finance Courses courses available in Edmonton
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Why choose us

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Best price in the industry

You won't find better value in the marketplace. If you do find a lower price, we will beat it.

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Many delivery methods

Flexible delivery methods are available depending on your learning style.

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High quality resources

Resources are included for a comprehensive learning experience.

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"Really good course and well organised. Trainer was great with a sense of humour - his experience allowed a free flowing course, structured to help you gain as much information & relevant experience whilst helping prepare you for the exam"

Joshua Davies, Thames Water

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