Financial Accounting
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This course builds on foundational accounting knowledge and provides an in-depth understanding of financial accounting standards, reporting frameworks, and advanced accounting methods. Students will learn to prepare complete financial statements, analyze financial information to assess profitability and financial position, and apply accounting software such as QuickBooks for recording transactions and generating reports. The course emphasizes adherence to applicable accounting standards (IFRS/IAS) and the evaluation of accounting methods to ensure accurate financial reporting.
Course Details
Instructor
Course Catagory
Duration
48 Hours
Type
Self Guided
Course Plan
Program Learning Outcomes (PLO)
The Accountancy Knowledge platform aims to provide a strong foundation in accounting and finance, equipping learners with essential knowledge and practical skills. Upon completing the courses offered by the website, learners will be able to:
PLO-1: Accounting and Finance Knowledge
Apply accounting and finance knowledge along with leveraging coding skills to develop data informed and ethical business decisions.
PLO-2: Problem Solving
Exhibit creative thinking to develop sustainable financial strategies that incorporate co-intelligence to solve real-world business challenges.
PLO-3: Communication
Analyze financial data to evaluate organizational performance, identify risks, recommend control strategies, and communicate findings to stakeholders for sustainable decision making.
PLO-4: Technology Usage
Leverage cloud-based platforms, AI-driven analytics and secure data handling practices for performing accounting and finance functions.
PLO-5: Collaborative Teamwork
Communicate, adapt, create, and work effectively in cross-functional teams to manage financial and accounting functions in dynamic environments.
Course Learning Outcomes (CLO)
After successfully completing this course, the students will be able to:
CLO #1 Describe accounting standards governing recognition and measurement of financial elements.
CLO #2 Prepare and analyze complete financial statements in accordance with applicable reporting frameworks.
CLO #3 Apply accounting principles to accurately record, analyze, and report financial transactions of partnerships and companies.
CLO #4 Apply QuickBooks software to accurately record business transactions and generate basic financial reports for effective accounting and decision-making.
CLO #5 Evaluate how different accounting methods affect financial statements and develop the ability to choose and apply suitable methods that accurately reflect financial statements while adhering to financial reporting standards.
Course Content
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Learning Resources
Recommended Books
Financial Accounting: IFRS Edition, Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Wiley, 2023
Financial Accounting: An Introduction, Pauline Weetman, Pearson, 2022
ACCA F7 Financial Reporting Study Text, BPP Learning Media, Kaplan, 2023
CFA Level 1 Financial Reporting and Analysis Guide, CFA Institute, CFA Institute Publications, 2023
IFRS / IAS Standards, IFRS Foundation, IFRS Foundation Publications, 2023
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Dear Sirs,
If we have discounted our clients PDC’s can you please narrate how the transaction would be and which ledger will comes under head in the balance sheet.
thank u…
Depreciation, Final Account,
Partnership
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