The course program is developed by experienced practitioners, and the certificates issued are registered in the Federal Register of FIS-FRDO and recognized internationally!
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Do the practical assignments
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Receive an official document of course completion
How to prepare financial statements
Learn how to analyze business transactions.
Deepen your knowledge of debits and credits.
Learn how to perform a bank reconciliation - it's an essential skill!
Learn how to manage inventory using FIFO, LIFO and average cost methods.
Learn the process of depreciation, amortization and asset retirement.
Module 1.
Introduction
Course Introduction
Module 2.
Principles and fundamentals of accounting
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Introduction
Accounting and Business
The language of business
The Business Language Quiz
Accounting principles and assumptions
A quiz on principles and assumptions
The Accounting equation
Accounting Equation Quiz
Solving problems with Stefan
Your feedback matters!
Specific transactions and their impact on the accounting equation
Financial statements and relationships
Impact on the Accounting Equation Part 1
Impact on the Accounting Equation Part 2
Exercises
Module 3.
Accounting during the year
Introduction
Lecture "Debits and credits"
Debits and credits — a visual explanation
Debits and Credits - Quiz
Logging and Publishing is an Exercise
Account balances
Solving Problems with Stefan: Part 1
Solving Problems with Stefan: Part 2
Solving Problems with Stefan: Part 3
Debits and credits
Exercises
Module 4.
Year-end accounting (correction and closing records)
Introduction
Corrective entries: Accounting for the end of the year
Postponements
Accrued expenses — adjustment, cancellation and payment
Accrued income - adjustment, reversal, payment
Solving Problems with Stefan: Part 1
Solving Problems with Stefan: Part 2
Accounting cycle and final entries
Solving Problems with Stefan: Part 3
Solving Problems with Stefan: Part 4
Classified balance
Exercises
Module 5.
Reconciliation of cash and bank accounts
Introduction
Internal control
Bank reconciliation — explanation and example
Reconciliation of bank accounts
Cash management and internal control
Small Cash Fund
Exercises
Exercise Solutions
Module 6.
Accounts receivable: Foreclosures and bad debts
Introduction
Accounts receivable - Fees - Not everyone pays
Lecture on accounts receivable
Direct write-off method (bad debts)
Write-off method - percentage of sales (bad debts)
Reserve method - aging of accounts receivable (bad debts)
Solving problems with Stefan (part 1)
Solving problems with Stefan (part 2)
Solving problems with Stefan (part 3)
Exercises
Exercise Solutions
Module 7.
Accounting for commercial enterprises
Introduction
Merchandiser (retailers)
Accounting in the field of merchandising (retail trade)
The seller's point of view
Buyer's point of view
Transportation
Merchandising operations are a complex issue
Module 8.
Stock assumptions (FIFO, LIFO weighted average cost method)
Introduction
FIFO, LIFO weighted average cost FIFO method (permanent inventory)
LIFO method (permanent inventory)
Weighted Average cost method (permanent stock) Moving average
Inventory - Problem Solving Part 1
Inventory - Problem Solving Part 2
Exercises
Exercise Solutions
Module 9.
Fixed assets of depreciation
Introduction
Fixed assets - Introduction
Acquisition (purchase) of fixed assets
Use of fixed assets (depreciation)
Depreciation: linear method
Depreciation: the unit method
Depreciation: the double reduced balance method
Depreciation - Problem Solving (All methods)
Depreciation: incomplete year and revised depreciation
Sale of fixed assets
Intangible assets
Exercises
Exercise Solutions
Module 10.
Accounts payable and bondss
Introduction
Current, estimated and contingent liabilities
Bonds
Bonds: issue, depreciation (direct line), maturity
Bonds: depreciation (effective interest rate method)
The time value of money
Bond pricing - The current value of the bonds
Bond Exercises
Discount on bonds: a linear method
Discount on bonds: the effective interest rate method
Bond premium: linear method
Bond premium: effective interest rate method
Solving bond pricing problems
Module 11.
Capital. Shares and dividends
Introduction
Review of Corporations and Stocks
Issue of shares (ordinary and preferred)
Ordinary and preferred shares
The Complex Problem of Cash Dividends
Stock Splits Explained
Troubleshooting with Stefan (Part 1)
Solving Problems with Stefan (Part 2)
Solving Problems with Stefan (Part 3)
Solving Problems with Stefan (Part 4)
Solving Problems with Stefan (Part 5)
Module 12.
Investments and the Time Value of Money
Introduction
Investments and the time value of money
Trade investments
Fair value adjustment (example)
Investments held to maturity (example)
Exercises
Exercise Solutions
Module 13.
Cash Flow Statement
Introduction
Preparing a cash flow statement - indirect method
Solving Problems with Stefan (Part 1)
Solving Problems with Stefan (Part 2)
Solving Problems with Stefan (Part 3)
Solving Problems with Stefan (Part 4)
Solving Problems with Stefan (Part 5)
Statement of Cash Flows - Direct Method
Cash flow statement
Module 14.
Financial reporting and analysis
Introduction
Financial reporting
Financial Statement Analysis
Module 15.
Final
Conclusion and thanks!
Once you have completed all lessons and practical assignments, you will receive an official certificate to put on your resume.
