
COURSE DESCRIPTION
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Appreciating how the balance sheet, income statement, and cash flow statement are constructed and how they interact.
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Evaluating the financial health of a business using financial statements.
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Understanding both US GAAP and IFRS accounting standards.
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Preparing and evaluating financial forecasts for strategic decisions.
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Valuing ventures, projects, or investment opportunities and performing sensitivity analysis.
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Objectives, basic theory, and methods of financial accounting.
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Basic accounting reports, their uses, and limitations as a framework for business decision-making.
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Principles within which accounting functions.
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Measuring and reporting financial position.
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Income measurement and reporting.
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PURPOSE OF THE COURSE
- Financial accounting is like a GPS that guides users through the land of finance. It’s a systematic process of recording, categorizing, and communicating summaries of the company’s financial transactions and performance to external users, such as creditors, investors, and regulators. The system helps those on a financial journey determine the company’s state (where it is) and make informed decisions (where it wants to go).
- Teacher: Admin User