In the Advanced course, students learn how to reconcile a bank statement, choose a reconciliation reviewer, control an organization's cash, and prepare a Cash Flow Statement. Course activities also cover the various tools available for analyzing financial statements. Students will also learn how to calculate inventory value and depreciation, and why organizations use accounting methods when reporting financial information on financial statements. The manual is designed for quick scanning in the classroom and filled with interactive exercises that help ensure student success.
Table of Contents
Unit 1: Cash management Topic A: Fundamentals of cash Topic B: Bank reconciliation Topic C: Maintaining control of cash
Unit 2: Analysis of financial statements Topic A: Importance of analyzing statements Topic B: Ratio analysis of a Balance Sheet
Unit 3: Analysis of Income Statements Topic A: Profitability from Income Statements Topic B: Comparative and percentage analyses
Unit 4: Inventory and depreciation Topic A: Basics of inventory and depreciation Topic B: Inventory costing methods Topic C: Depreciation methods
Unit 5: Application of accounting methods Topic A: Calculate inventory Topic B: Calculate depreciation
Objectives
Identify the fundamentals of cash and cash control, prepare a bank reconciliation statement, and identify the methods of controlling cash.
Identify the importance of analyzing financial statements, and analyze a Balance Sheet by using ratios.
Determine the profitability from Income Statements by using ratios and the break-even point, and identify the concepts of comparative and percentage analyses.
Identify inventory, depreciation, inventory costing methods, and depreciation methods.
Calculate inventory and depreciation by using inventory costing and depreciation methods.
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