FINANCIAL ACCOUNTING SKILLS

OVERVIEW

Known as the “Language of Business”, the Financial Accounting Skills training session by Xceed Academy will teach you how to effectively analyze financial disclosures and statements. It will also teach the participant the proper use of core financial accounting tools and understanding of annual financial reports and footnotes.

COURSE OUTLINE

The Financial Accounting Skills course outline provided to individuals regarding the financial accounting skills training session includes:

  • Accounting System Structure and Accounting Information Management
  • Understanding How to Report Firm Obligations, Resources and Performances
  • Recording Events and Transactions
  • Interpretation and Preparation of Consolidating Financial Statements for Incorporated and Unincorporated Entities
  • Revenue Recognition and Receivables
  • Intangible Assets: Cash Flow vs Income
  • Income Taxes
  • Accounting for Banks

ELIGIBILITY CRITERIA

This training session is for people and professionals that want to take a career in financial accounting. This training session is also very beneficial for people interested in opening their business and seeking knowledge of financial accounting. Students who are preparing for their ACCA exams are also encouraged to register for this course.

COURSE METHOD

Different methodologies are implemented to keep the participants engaged and involved. These methods include:

  • Live Group Sessions
  • PowerPoint Presentations
  • Professor-Led Classroom Track
  • Engaging Discussions With Participants
  • Other Stimulating Activities Include:

     

    • Ice Breakers
    • Live Accounting Activities
    • Case Studies About Financial Accounting
    • Case Studies About Finance
    • Case Studies About Accounts
    • Energizers
    • Video Playbacks

WHAT WILL YOU LEARN?

After completing this financial accounting skills training session, you will be able to:

  • Explain the purpose and context of financial reporting
  • Use double-entry and accounting systems
  • Explain the structure of accounting systems and information management
  • Demonstrate the ability to read and construct financial statements
  • Gather inputs for corporate finance decisions and valuation models
  • Tell the impact that financial transactions have on financial statements
  • Prepare and read cash flow and income statements and balance sheets
  • Correctly choose between debt and equity to finance the development of your organization
  • Understand the financial statements and use them for the financial health and profitability of your firm
  • Record transactions and adjust journal entries
  • Possess the ability to predict future revenues, cash flow and expenses using financial forecasting
  • Understand the metrics and key concept in valuation, including terminal and time value

END ASSESSMENT

During the progression of the financial accounting skills training, the participants will be assessed pre-course, during the training and at the end of the training session via different methods that include:

  • To determine the starting level of the participants and deliver the customized training course, a pre-assessment will be carried out
  • During the training, several assessments are conducted through session-based reflective quizzes, practical exercises and evaluations
  • To ensure the retention and learning of the training, an end of course assessment is carried out in a test or exam environment