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Accounting training are the art of systematic and comprehensive recording, summarizing, reporting, and analyzing financial transactions of a business. Online accounting courses provide the base upon which daily and long-term decisions could be made as it helps to know where the company stands in terms of wealth, profitability and liquidity. The financial statements summarize a company’s operations, financial position and cash flows over a particular period and generates reports that help the company’s management make informed decisions to keep the business financially healthy.The person who handles this function in the organization is called as an accountant or a bookkeeper. It is used to communicate the financial position of a company to its clients, investors or all other interested parties. It can be considered as the starting and an important step in order to make daily and long-term decisions. There are a certain set of standard accounting principles that need to be followed by all organizations, which also brings uniformity, making it easy for a direct comparison. Accounting is one of the oldest professions and seen in every industry.
Why Accounting Training – Basic Course?
The online accounting courses would equip the participants with the following:
- Understanding the business cycle
- Accounting Training for the financial statements viz. Income statement, Balance sheet, Cash flow statement.
- Detailed income statement analysis with the help of Colgate case study
- Understand the various items in the balance sheet such as current assets, accounts receivable, prepaid expenses, shareholders equity etc.
- A detailed explanation of the structure of Cash flow statement.
- Terms such as Stock split, Convertible debt dilution, stock options, stock dividends etc.
Accounting Training Target Audience:
- Students pursuing Degree, Diploma, Engineering, and commerce who want to make a career in finance/accounts
- Professionals from the non-accounting field who want to excel in accounting Training functions
- Ideal for people with no accounts background
Accounting Training Courses Highlights –
- Introduction to Accounting
In this module of Introduction to Accounting Training Courses, you will get to learn about what a business cycle is and how accounting of an income statement, balance sheet, and cash flow is done. Understanding the basics of online accounting courses is very necessary and this specific module will provide you with the same.
- Understanding the Income statement
Here you will get to learn the difference between a calendar year and a fiscal year. Moving on you will learn about the income statement format, profit margins, non-recurring items and changes in accounting estimates. Furthermore, a case study on COLGATE will be an advanced step towards your understanding of the concept of online accounting courses. Through this case study, you will learn to account to format the income statement.
- Understanding the Balance Sheet
In this module, you will thoroughly understand all the insights of balance sheet items like the long-term liabilities, receivables, assets, inventories etc. Then you will get to understand in detail what are current assets and current liabilities.
- Understanding the Cash flow statement
There are three important concepts in the cash flow i.e. cash flows from operations, cash flows from investing and cash flows from financing activities. But have you ever imagined how many different methods are there for their calculations? Don’t worry; you will learn it in this module. Learn the various methods of building the cash flow activities through this module.
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