Overview
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Learn the basics of financial accounting. Discover how to prepare, read, and analyze financial statements.
Syllabus
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Introduction
- Why financial accounting?
- Accounting vs. bookkeeping
- The accounting equation
- The financial statement
- The balance sheet
- The income statement
- The statement of cash flows
- How financial statements are made
- Debits and credits
- Journal entries
- Making the financial statements
- Current financial accounting issues
- Revenue recognition
- Long-term assets including impairment
- Working with leases
- Earnings per share
- Investment securities and derivatives
- Deferring taxes
- Inventory and COGS
- Using financial statements
- Common size statements
- DuPont framework
- Debt ratio
- Operating ratio
- Price-earnings (P/E) ratio
- How you can use financial statements
