Financial Accounting & Reporting
Learn about the measurement and reporting of the asset side of the balance sheets as well as the measurement of revenues.Preview Financial Accounting & Reporting course
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Financial Accounting is essentially the process of recording, summarizing and reporting a company's business transactions through financial statements. These statements include the income statement, the balance sheet, the cash flow statement and the statement of retained earnings. Financial Accounting is advised as the language of business. Managers use this language to communicate the necessary financial information within and outside the company. Proper flow of knowledge in an company reduce challenges in the decision-making process, boosts efficiency and secure the company’s survival in the industry.
Financial Reporting refers to the financial results of an organization that are released its stakeholders and the public. This reporting is a key function of the controller, who may be assisted by the investor relations officer if an organization is publicly held. Ensuring timely and accurate financial reporting and analysis not only helps you to better understand the performance of your business, but also helps you to identify business opportunities to make the right decisions for future growth.
Accounting makes this smooth flow of details possible for an company. Financial accounting is the process of recording, classifying, summarising and interpreting financial information of a business entity in an orderly manner, usually in the form of financial statements.The idea of financial accounting is much broader than that of bookkeeping as it goes beyond merely recording financial transactions but also contains interpreting those transactions in a manner most useful to the users of financial statements.
This Financial Accounting & Reporting training course by Uplatz will make the students appreciate the importance of financial accounting in a company. Knowledge of financial accounting is no longer considered simply for accountants but also considered necessary for any professional hoping to understand this language of business.This training course provides coherence on the basics of financial accounting, preparation of financial statements as well as their interpretation and analysis. This course introduces within the students the necessary skills required for preparing financial reports relevant to various users of financial knowledge.
The Financial Accounting & Reporting course will guide you through the end-to-end accounting process. You will explore explore the layout of the balance sheet, income statement, and cash flow statement. You will see a practical demonstration of how to prepare financial statements from scratch. This accounting course is an essential building block required for performing financial modeling and other types of financial analysis. Earn a strong foundation in financial reporting concepts and methods, and use your skills to prepare and analyze financial statements. The course takes a deep-dive into the measurement and reporting of the asset side of the balance sheets as well as the measurement of revenues and expenses on income statements.
Course/Topic - Financial Accounting & Reporting - all lectures
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In this lecture session we learn about introduction of financial accounting. Why we need financial accounting and also talk about factors and importance of financial accounting.
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In this lecture session we learn about basic introduction to financial reporting and also talk about basic functions and importance of financial reporting in financial accounting.
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In this lecture session we learn about the golden rule of accounting and also talk about overview of golden rule of accounting in financial accounting.
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In this lecture session we learn about recording of transactions in financial accounting and also talk about how we record and manage the recorded transactions.
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In this lecture session we learn about books of original entry and also talk about all types of original entry in financial accounting.
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In this lecture session we learn about cash books, why we need cash books and also talk about the importance of cash books.
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In this lecture session we learn about what trial balance is, why we need trial balance and also talk about the importance of trial balance in financial accounting.
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In this lecture session we learn about bank reconciliation statements in financial accounting and also cover the importance and factors of bank reconciliation statements.
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In this lecture session we learn about bill of exchange and also talk about the basic function of bill of exchange.
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In this lecture session we learn about two types of bill of exchange on sending the bill for collection and also talk about receiving the advice from the bank that the bill has been collected.
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In this lecture session we learn depreciation and also talk about factors of depreciation.
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In this tutorial we learn about how we calculate the value of material after excluding depreciation and also talk about basic examples of depreciation in financial accounting and reporting.
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In this lecture session we learn about depreciation, we also cover basic real time examples of depreciation in financial accounting.
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In this lecture session we learn about rectification of errors, why we need rectification of errors and also talk about importance and factors of rectification of errors.
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In this lecture session we learn about provisions and reserves in financial accounting and reporting and also talk about basic functions of provision and reserve.
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In this lecture session we learn about divisible profit and dividend in financial accounting and also talk about the importance of divisible profit and dividend.
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In this lecture session we learn about the financial statements of companies and also talk about basic overview of financial statements of companies.
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In this lecture session we learn about income recognition in financial accounting and also talk about classification of assets and provisions in financial accounting.
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In this lecture session we learn about how banks have to classify their advance into two broad assets. Performance assets and no performance assets in financial accounting we also cover differences in both groups.
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In this lecture session we learn about unique features of investment of banks in financial accounting and reporting and also cover all the features in brief.
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In this lecture session we learn about insurance claims and also talk about features of insurance claims in financial accounting.
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In this lecture session we learn about internal reconstruction, features of internal reconstruction and also talk about the difference between internal reconstruction and external reconstruction in financial accounting.
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In this lecture session we learn about managerial remuneration in financial accounting and also talk about features and importance of managerial remuneration.
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In this lecture session we learn about accounting for not for profit organization in financial accounting and also talk about features of not for profit organization.
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In this lecture session we learn about why we need accounting for not for profit organization in financial accounting and also talk about the importance of not for profit organization.
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In this lecture session we learn about accounting for bonus issue and right issue and also cover basic difference between bonus issue and right issue in financial accounting.
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In this lecture session we learn about accounting for share capital and also talk about features of share capital in financial accounting.
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In this lecture session we learn about the importance of accounting of share capital and also talk about examples of share capital.
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In this lecture session we learn about forfeiture of share in share capital and also talk about entries of forfeiture of share in accounting of share capital.
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In this lecture session we learn about accounting ratios in financial accounting and also talk about basic accounting ratios in brief.
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In this lecture session we learn about accounting ratios inventory turnover ratio in financial accounting and also talk about examples of inventory turnover.
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In this lecture session we learn about amalgamation of companies and also talk about features of amalgamation of companies.
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In this lecture session we learn about realization accounting and also talk about features and importance of realization in financial accounting.
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In this lecture session we learn about Amalgamation conversion in financial accounting and also talk about sale of partnership firms in brief.
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In this lecture session we learn about banking companies in financial accounting and also talk about features of banking companies.
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In this lecture session we learn about accounting for branches including foreign branches in financial accounting.
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In this lecture session we learn about methods of accounting for branches including foreign branches and also talk about the importance of foreign branches.
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In this lecture session we learn about salient features of the accounting system of important branches in forieign branches.
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In this lecture session we learn about integral foreign operation in financial accounting and also talk about features of integral foreign operation.
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In this lecture session we learn about buy back of security and equity share with differential in financial accounting and also talk about security and equity share.
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In this lecture session we learn about cash flow statements in financial accounting and also talk about factors and features of cash flow statements.
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In this lecture session we learn about cash flow statements in brief and also talk about some examples in financial accounting and reporting.
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In this lecture session we learn about consolidated financial statements and also talk about functions of consolidation financial statements in financial accounting.
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In this lecture session we learn about factors of consolidation financial statements in financial accounting.
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In this lecture session we learn about the balance sheet, assets, liabilities of the subsidiary company.
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In this lecture session we learn about how a consolidated cash flow statement is presented in case a parent presents its own cash flow statement.
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In this lecture session we learn about corporate social responsibility and also talk about factors of responsibility in financial accounting.
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In this lecture session we learn about corporate social responsibility and also talk about the importance of social responsibility.
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In this lecture session we learn about departmental accounts in financial accounting and also talk about factors of departmental accounts.
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In this lecture session we learn about accounting for employee stock option plans in financial accounting and also talk about functions of stock option plans.
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In this lecture session we learn about the framework for preparation and presentation of financial statements.
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In this lecture session we learn about function and importance of framework for preparation and presentation.
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In this lecture session we learn about examples of framework for preparation and presentation of financial statements in financial accounting.
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In this lecture session we learn about Hire purchase and installment sale transaction in financial accounting.
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In this lecture session we learn about the function of Hire purchase and installment in financial accounting.
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In this lecture session we learn about hire purchase and installment sales transaction and also talk about importance of hire purchase.
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In this lecture session we learn about incomplete records and also talk about factors of incomplete records.
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In this lecture session we learn about investment accounts and also talk about factors and function of investment accounts.
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In this lecture session we learn about the issue of debentures and also talk about why we issue debentures and importance of issue of debenture in shares.
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In this lecture session we learn about the issue of debentures and also talk about basic examples of issues of debentures.
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In this lecture session we learn about the issue of debentures in shares and also talk about examples of issues of debentures in shares.
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In this lecture session we learn about liquidation of companies and also talk about functions of liquidation of companies.
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In this lecture session we learn about liquidation of companies and also talk about factors and importance of liquidation of companies.
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In this lecture session we learn about non- banking financial companies and also talk about functions and factors of non banking financial companies.
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In this lecture session we learn about basic overview of non banking financial companies in financial accounting and also talk about the importance of non banking financial companies.
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In this lecture session we learn about functions of non banking financial companies and also talk about the importance of non banking financial companies.
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In this lecture session we learn about accounting of partnership in financial accounting and also talk about factors of accounting of partnership.
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In this lecture session we learn about accounting of partnership and also talk about basic examples of accounting for partnership.
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In this lecture session we learn about dissolution of partnership firms in financial accounting and also talk about the importance of dissolution of partnership.
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In this lecture session we learn about reconstitution of a partnership from admission of a partner in financial accounting and also talk about factors and function of reconstitution of partnership firm.
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In this lecture session we learn about reconstitution of a partnership firm in financial accounting and reporting and also talk about admission of a partner in a business.
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In this lecture session we learn about reconstitution of a partnership firm retirement death in partnership.
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In this lecture session we learn about reconstitution of a partnership firm, retirement death of a partner and also talk about examples of death of a partner.
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In this lecture session we learn about preparation of financial statements of a bank in financial accounting and also talk about functions of preparation of financial statements of a bank.
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In this lecture session we learn about profit or loss pre and post incorporation and also talk about the basic difference between pre and post incorporation.
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In this lecture session we learn about redemption of debenture and also talk about functions and importance of redemption of debentures in shares.
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In this lecture session we learn about redemption of preference shares in financial shares and also talk about redemption of preference shares.
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In this lecture session we learn about redemption of preference shares in financial accounting and also talk about the importance of redemption of preference shares.
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In this lecture session we learn about special transaction of a bank and also talk about functions and factors of special transaction of a bank.
• This course will enable the students to combine practice and theoretical knowledge of financial accounting.
• The students of this course will be active learners and develop awareness of emerging trends in financial accounting,
• The course will provide decision making skills to the students in the financial analysis context,
• The students of this course will have the ability to identify and analyze financial accounting problems and opportunities in real life situations.
• Define bookkeeping and accounting
• Explain the general purposes and functions of accounting
1) Introduction to Financial Accounting and its importance
2) Introduction to Financial Reporting and its importance
3) Golden rule of accounting
4) Recording of transactions
5) Trial balance
6) Bank reconciliation statement
7) Bill of exchange
8) Depreciation
9) Rectification of errors
10) Provisions and reserve
11) Divisible profit & dividend
12) Financial statements of companies
13) Income recognition, classification of assets and provisions
14) Insurance claims
15) Internal reconstruction
16) Managerial remuneration
17) Accounting for not-for-profit organization
18) Accounting for bonus issue and right issue part
19) Accounting for share capital
20) Accounting ratios
21) Amalgamation of companies
22) Banking companies
23) Accounting for branches including foreign branches
24) Buy-back of securities and equity shares with differential rights
25) Cash flow statement
26) Consolidated financial statements
27) Corporate social responsibility
28) Departmental accounts
29) Accounting for employee stock option plans
30) Framework for preparation and presentation of financial statements
31) Hire purchase and installment sale transactions
32) Incomplete records
33) Insurance claims
34) Issue of debentures
35) Liquidation of companies
36) Non-banking financial companies
37) Accounting for partnership basic concepts
38) Dissolution of partnership firm
39) Reconstitution of a partnership firm – admission of a partner
40) Reconstitution of a partnership firm – retirement death of a partner
41) Preparation of financial statement of bank
42) Profit or loss pre and post incorporation
43) Redemption of debenture
44) Redemption of preference shares
45) Special transactions of bank
The Financial Accounting & Reporting Certification ensures you know planning, production and measurement techniques needed to stand out from the competition.
Financial Accounting and Reporting provides financial information of an entity to external users in order to enable them to take relevant decisions based on the entity's financial performance and position.
This is an introductory course in financial accounting. Financial accounting focuses on the rules by which firms (and individuals) report the results of their operations to outsiders such as stockholders, potential investors, creditors, suppliers and regulatory agencies.
It is a short-term Certificate Course in Accounting and Finance for students having interest in accounts and finance. The Diploma is aimed at imparting theoretical and practical knowledge of the subject to the students and to make them employable.
Certificate Course in Financial Accounting & Taxation is a one-year certificate program that deals with the study of GST, banking, taxation, and other forms of financial aspects.
Uplatz online training guarantees the participants to successfully go through the Financial Accounting & Reporting Certification provided by Uplatz. Uplatz provides appropriate teaching and expertise training to equip the participants for implementing the learnt concepts in an organization.
Course Completion Certificate will be awarded by Uplatz upon successful completion of the Financial Accounting & Reporting online course.
The Financial Accounting & Reporting draws an average salary of $140,000 per year depending on their knowledge and hands-on experience.
Overall, accountants and auditors are expected to see 11 percent job growth through 2024, according to the U.S. Bureau of Labor Statistics (BLS). If you're analytical and like digging into financial statements, consider an in-demand career as a financial reporting accountant today.
Financial reporting and financial statements are often used interchangeably. But in accounting, there are some differences between financial reporting and financial statements. Reporting is used to provide information for decision making. Statements are the products of financial reporting and are more formal.
Note that salaries are generally higher at large companies rather than small ones. Your salary will also differ based on the market you work in.
Junior Financial Reporting Analyst.
Accounts Payable - Team Lead.
Process Expert.
Senior Executive Accounts Receivable.
1. Explain ‘financial Modelling’?
Answer :
Financial modelling is a quantitative analysis commonly used for either asset pricing or general corporate finance.
2. Walk Me Through A ‘cash Flow Statement.’?
Answer :
Start with the net income and go line by line explaining all major adjustments to arrive at cash flow from operating activities. Mention all the necessary parts that are associated with it.
3. Is It Possible For A Company To Have Positive Cash Flow But Still Be In Serious Financial Trouble?
Answer :
Yes. There are two examples :
A company that is selling off inventory but delaying payables will show positive cash flow for a while even though it is in trouble.
A company has strong revenues for the period but future forecasts show that revenues will decline.
4. What Is ‘working Capital’?
Answer :
Working capital is the best defined as current assets minus current liabilities.
5. Explain Quarterly Forecasting And Expense Models?
Answer :
The analysis of expenses and revenue which is predicted to be produced or incurred in future is called quarterly forecasting.
An expense model tells what expense categories are allowed on a particular type of work order.
6. What Is The Difference Between A Journal And A Ledger?
Answer :
The journal is a book where all the financial transactions are recorded for the first time. The ledger is one which has particular accounts taken from the original journal.
7. Mention One Difference Between A P&l Statement And A Balance Sheet?
Answer :
The balance sheet summarises the financial position of a company for a specific point in time. The P&L (profit and loss) statement shows revenues and expenses during a set period of time.
8. What Is ‘cost Accountancy’?
Answer :
Cost accountancy is the application of costing and cost accounting principles, methods and techniques to the science, art and practice of cost control and the ascertainment of profitability as well as the presentation of information for the purpose of managerial decision making.
9. What Is Npv? Where Is It Used?
Answer :
Net Present Value (NPV) is the difference between the present value of cash inflows and the present value of cash outflows. NPV is used in capital budgeting to analyse the profitability of a projected investment or project.
10. How Many Financial Statements Are There? Name Them
Answer :
There are four main financial statements
balance sheets,
income statements,
cash flow statements,
statements of shareholders’ equity.
11. What Are ‘adjustment Entries’?
Answer :
Adjustment entries are accounting journal entries that convert a company’s accounting records to the accrual basis of accounting.
12. Do You Follow The Stock Market? Which Stocks In Particular?
Answer :
You need to be very careful in answering this question. As a financial analyst, following the stock market proves to be beneficial. Also, always be up-to-date with the stocks.
13. What Is A ‘composite Cost Of Capital’?
Answer :
Also known as the weighted average cost of capital (WACC), a composite cost of capital is a company’s cost to borrow money given the proportional amounts of each type of debt and equity a company has taken on.
WACC= Wd (cost of debt) + Ws (cost of stock/RE) + Wp (cost of pf. Stock)
14. What Is ‘capital Structure’?
Answer :
The capital structure is how a firm finances its overall operations and growth by using different sources of funds.
15. What Is A ‘goodwill’?
Answer :
Goodwill is an asset that captures excess of the purchase price over fair market value of an acquired business.