Financial Accounting: Firm Reporting Fundamentals
Master financial reporting in this 4-week NYIF course covering accrual accounting, statement formats, sales accounting, and cash flow analysis.
Master financial reporting in this 4-week NYIF course covering accrual accounting, statement formats, sales accounting, and cash flow analysis.
This comprehensive course from the New York Institute of Finance delves into essential aspects of financial reporting and accounting. Students will explore the fundamentals of accrual accounting, understanding both explicit and implicit transactions. The course covers critical topics including the preparation of Classified Balance Sheets and Multiple-step Income Statements, revenue recording and measurement, bad debt estimation using the allowance method, and cash flow statement analysis. As part 2 of NYIF's Financial Accounting Professional Certificate, it provides practical knowledge in distinguishing between different types of cash flows - Operations, Financing, and Investing. The course structure ensures a thorough understanding of financial statement components and their relationships.
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What you'll learn
Learn to apply accrual accounting principles and prepare financial statements
Master the preparation of Classified Balance Sheets and Multiple-step Income Statements
Understand revenue recording and measurement principles
Develop skills in estimating bad debts using the allowance method
Analyze and interpret cash flow statements
Distinguish between different types of cash flows in business operations
Skills you'll gain
This course includes:
PreRecorded video
Graded assignments, Exams
Access on Mobile, Tablet, Desktop
Limited Access access
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There are 3 modules in this course
The course provides a comprehensive understanding of financial reporting essentials, focusing on three core areas. It begins with accrual accounting principles and statement formats, teaching students how to handle adjustments and differentiate between transaction types. The second part covers sales accounting, including revenue recognition and bad debt estimation. Finally, students learn about cash flow statements, understanding the distinctions between operational, financing, and investing activities. Throughout the course, practical examples and real-world applications help reinforce theoretical concepts.
Accrual Accounting & Statement Format
Module 1
Accounting for Sales
Module 2
Cash Flow
Module 3
Fee Structure
Instructor
NYIF Instructor Specializing in Portfolio Risk Management and Derivatives
Jack Farmer is an instructor at the New York Institute of Finance (NYIF), where he specializes in training and consulting solutions for portfolio risk management, foreign exchange (FX) and interest rate derivatives, equity index and volatility trading, as well as financial statement analysis and hedge accounting. He holds a BS in Engineering and an MBA in Finance and Accounting from Tulane University, and is currently pursuing a PhD in Finance from the University of Texas at Austin. Jack's extensive expertise enables him to effectively educate students on complex financial concepts and risk management strategies.
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Frequently asked questions
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