ACCOUNTING FUNDAMENTALS
- Understand the double-entry accounting system.
- Record financial transactions accurately.
- Differentiate between debits and credits.
- Create basic financial statements.
- Apply accrual vs. cash accounting principles.
- Apply financial principles to HR budgeting.
FINANCIAL REPORTING
- Prepare comprehensive financial reports compliant with GAAP and IFRS.
- Interpret financial data for decision-making.
- Communicate financial information effectively.
- Analyze financial disclosures.
INCOME STATEMENT ANALYSIS
- Analyze income statements.
- Evaluate profitability and performance.
- Identify areas for improvement.
- Examine the impact of nonoperating income and expenses.
- Analyze the effects of different depreciation methods on the income statement.
- Explore the relationship between revenue recognition and income statement accuracy.
- Assess the quality of earnings through accrual accounting.
- Interpret the impact of changes in accounting policies on income statements.
- Evaluate the role of income statements in assessing operational efficiency.
- Understand the differences between gross profit, operating profit, and net profit.
- Calculate and interpret the return on assets (ROA) and return on equity (ROE).
BALANCE SHEET (FINANCIAL POSITION)
- Understand the components of a balance sheet.
- Analyze assets, liabilities, and equity.
- Interpret the financial position of an organization.
- Detect financial risks and opportunities.
- Prepare a comprehensive balance sheet.
- Evaluate working capital components.
- Assess the liquidity of current assets.
- Understand the concept of retained earnings.
- Calculate and interpret the debt-to-equity ratio.
- Identify the impact of accounting principles on balance sheet presentation.
- Differentiate between tangible and intangible assets.
CASH FLOW MANAGEMENT
- Manage cash flow effectively.
- Analyze cash flow statements.
- Predict future cash flows.
- Implement cash flow strategies.
- Optimize working capital.
- Understand the components of the cash flow statement.
- Analyze the relationship between cash flow from operating, investing, and financing activities.
- Explore the impact of working capital management on cash flow.
- Evaluate the effects of noncash transactions on cash flow.
- Calculate and interpret cash flow ratios like the cash flow coverage ratio.
- Assess the importance of cash flow forecasting in decision making.
- Analyze the impact of cash flow on investment and financing decisions.
