Financial Accounting Made Easy for All

Description

The topics covered under the subject 'Financial Accounting' have been designed and developed by Knowledge Horizon with the objective of demystifying these concepts for those with no prior knowledge. This is achieved with the help of our innovative, simple and easy to understand instructional strategy. These topics will equip you with the knowledge and tools to apply them in your field and functional areas. Through innovative instructional and presentational methodologies, we have tried to simplify a quantitative, and often complicated, subject like Financial Accounting with the help of animation, hence the title Animated Business Concepts (ABC). Not only do these topics save lots of your precious time, but they provide a productive and efficient learning experience owing to the use of excellent audio-visual presentational strategies. The idea is to make the concepts simple, easily accessible and enjoyable; concepts which you can use as quick reference learning material and which will fill in any knowledge gaps on the subject of Accounting easily, allowing you to apply what you learn according to your specific requirements.

This course encompasses all the fundamentals of Accounting and builds solid knowledge on the following nine issues:

• Accounting Principles

• Accounting Equations

• Journal

• T-account & Trial Balance

• Income Statement

• Balance Sheet

• Journal to Balance Sheet

• Cash Flow Statement

• Interrelationship between Financial Statements

The above topics are explained through videos, easy to remember job aids and ready-to-use material and assessments to confirm your understanding on the relevant subject matter.

What You Will Learn!

• Explain the thirteen accounting principle
• Classify assets, liabilities and owner’s investment
• Describe the rules of debit and credit
• Record entries in the journal book
• Construct the T-account from journal entries
• Construct the Trial balance
• Construct the income statement and balance sheet with the help of the trial balance
• Explain the impact of each transaction on the components of the balance sheet
• Compute the net cash flows from operating, investing and financing activities
• Explain how a transaction affects the income statement, balance sheet and cash flow statement

Who Should Attend!

• This course on Financial Accounting would be of immense value to business and accounting students, teachers, entrepreneurs, business owners, managers, working professionals from any function such as Marketing, Operations, HR, Accounts, etc., and from any industry.

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