Financial Accounting Course Overview

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

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Why choose us

Ways to take this course

Experience live, interactive learning from home with The Knowledge Academy's Online Instructor-led Financial Accounting Course. 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, 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.

What our customers are saying

Financial Accounting Course FAQs

Please arrive at the venue at 8:45am.
We are able to provide support via phone & email prior to attending, during and after the course.
Delegate pack consisting of course notes and exercises, Manual, Experienced Instructor, and Refreshments
This course is [ ] day(s)
Once your booking has been placed and confirmed, you will receive an email which contains your course location, course overview, pre-course reading material (if required), course agenda and payment receipts
The training fees for Financial Accounting Course certification in the United States starts from $1595
The Knowledge Academy is the Leading global training provider for Financial Accounting Course.
Please see our Finance Courses courses available in the United States
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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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