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Financial Accounting
Understand the most common business accounting practices.Preview the first lesson free — get full access to all 24 lessons.
Intermediate Provider : Valerie Chau 6 chapters · 24 Lessons · 1h 37m in Arabic, English
Course Description
Keeping track of a company's financial transactions can quickly become difficult. For this reason, companies often outsource financial accounting. This online training course offers a simple way to attain a thorough, working knowledge of the skills required for financial accounting. This is accomplished by reviewing the business basics for a merchandising firm, asset accounts, receivables, inventories, and long-term assets.
What You'll Learn
- Review the business basics for a merchandising firm
- Analyze business transactions and record sales, purchases, and operating expenses
- Account for receivables using the allowance method and direct write-off method
- Manage inventories using the perpetual system and calculate cost of goods
- Apply depreciation methods including declining balance to property, plant, and equipment
- Classify and account for long-term and intangible assets
Key Takeaways
- Keeping track of a company's financial transactions can quickly become difficult, which is why companies often outsource financial accounting.
- This online training course offers a simple way to attain a thorough, working knowledge of the skills required for financial accounting.
- The course reviews business basics for a merchandising firm, asset accounts, receivables, inventories, and long-term assets.
- Receivables are addressed through both the allowance method and the direct write-off method.
- The course covers depreciation approaches such as the declining balance method for property, plant, and equipment.
Frequently Asked Questions
Who is this Financial Accounting course for?
It is designed for those who want to attain a thorough, working knowledge of the skills required for financial accounting, including the business basics for a merchandising firm.
What topics does the course cover?
It covers the business basics for a merchandising firm, asset accounts, receivables, inventories, and long-term assets, including sales and purchase transactions, the chart of accounts, cash and cash equivalents, the allowance and direct write-off methods, cost of goods, intangible assets, and depreciation.
What skills will I gain from this course?
You will build skills in accounting, accounting management, financial accounting, financial tracking, and accounts receivable/billing fundamentals.
What format is this course delivered in?
It is an online training course.
How does the course teach financial accounting?
It provides a working knowledge of the skills required for financial accounting by reviewing the business basics for a merchandising firm, asset accounts, receivables, inventories, and long-term assets.
