Financial Reporting and Analysis

Course Objectives

  • Analyze accounting standards, securities regulations, and other information for business transactions.
  • Locate, obtain, and organize information to solve unstructured financial reporting problems. 
  • Apply professional judgment (including ethics) to determine the appropriate accounting measurement, recognition, and disclosure for business transactions. 
  • Assess and predict decisions that will be influenced by reported numbers and the consequences of these decisions on you, reporting entities, and users. 
  • Analyze operating, investing, and financing transactions and report them on financial statements. 
  • Compare and evaluate various accounting methods of accrual accounting, capital expenditures, and financing.
  • Practice recording journal, entries, Generate financial statements.
  • Review previous accounting concepts.
  • Appraise the accounting software.
  • Analyze the various financial reports.
  • Complete accounting cycle through accounting software such as QuickBooks.
  • Understand the need for tax administration and tax analysis; 
  • Know the sources of information used in tax analysis; 
  • Know the principles and aspects of tax management; 
  • Know the tax laws, apply tax analysis methods and be able to analyze tax management at the enterprise
  • Develop measures to reduce the tax burden on the activities of the enterprise. 
  • Develop specific measures and proposals to improve the enterprise’s financial condition.
  • Able to learn how to prepare a master budget and estimate future revenues and expenses.

Course Main Topics

  • Financial Accounting and Accounting Standards
  • Income Statement and Related Information
  • Balance Sheet items and Related issues.
  • Long-term account receivables
  • Valuation of Inventories
  • Inventories: Additional Valuation Issues

Accounting for Small Businesses -QuickBooks

  • Introduction to Quick book and its Importance
  • Understanding the Quick books Environments
  • Record Entries by Using (Register, General Journal and Write Check options)
  • Purchase Section
  • Sales Section
  • Reports Sections
  • Working with Reports
  • Creating backup and portal file

Budgeting and Taxation  

  • Introduction to Taxation
  • Salary Taxation
  • Income from Property.
  • Income from Business, Profession.
  • Introduction to Budgeting 
  • Master Budgeting