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Topic 1 Financial Accounting

This document outlines an accounting course structured around 6 topics: financial accounting, elements of accounting, setting up accounts, accounting transactions, preparing reports, and analyzing reports. The financial accounting topic covers US and international standards, elements of accounting defines key terms, setting up accounts discusses permanent/temporary accounts and charts of accounts, transactions addresses recording, summarizing and closing, preparing reports focuses on 3 financial statements, and analyzing reports introduces ratio analysis.

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Narayanan Rengaswamy
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31 views1 page

Topic 1 Financial Accounting

This document outlines an accounting course structured around 6 topics: financial accounting, elements of accounting, setting up accounts, accounting transactions, preparing reports, and analyzing reports. The financial accounting topic covers US and international standards, elements of accounting defines key terms, setting up accounts discusses permanent/temporary accounts and charts of accounts, transactions addresses recording, summarizing and closing, preparing reports focuses on 3 financial statements, and analyzing reports introduces ratio analysis.

Uploaded by

Narayanan Rengaswamy
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Accounting
Topic 1 = Financial Accounting
Lesson 1 = Accounting Regulations in the US
Lesson 2 = International Accounting Standards

Topic 2 = Elements of Accounting


Lesson 1 = Assets, Liabilities & Owners' Equity
Lesson 2 = Income Measurement
Lesson 3 = The Accounting Equation

Topic 3 = Setting up Accounts


Lesson 1 = Permanent & Temporary Accounts
Lesson 2 = The Chart of Accounts

Topic 4 = Accounting Transactions


Lesson 1 = Recording Transactions
Lesson 2 = Summarizing Transactions
Lesson 3 = Closing the Book

Topic 5 = Preparing Reports


Lesson 1 = Income Statement Overview
Lesson 2 = Income Statement Expenses
Lesson 3 = Balance Sheet Overview
Lesson 4 = Classified Balance Sheet
Lesson 5 = Cash Flow Statement Overview
Lesson 6 = Cash Flow Statement Activities
Lesson 7 = Cash Flow Statement Preparation

Topic 6 = Analyzing Reports


Lesson 1 = Liquidity & Solvency Ratios
Lesson 2 = Activity Ratios
Lesson 3 = Profitability Ratios
 
 

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