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FINANCIAL MARKET COURSES

Accounting Basics for Finance Professionals

This course is designed for financial professionals who would like to obtain a better understanding of accounting. While most financial professionals have taken one or more accounting courses at some point in their careers, they frequently do not have a solid understanding of how various accounting transactions impact financial statements. There is a tendency to look at the statements themselves as static, standalone chronicles of what has transpired within a company, rather than as dynamic, interrelated recordings of events.

 

Specifically, the course will address the ways in which accounting transactions flow through the various financial statements, and how the statements relate to each other. Ultimately, this knowledge will give financial professionals greater insight into how the operations of a company lead to the creation of those financial statements.

  • OBJECTIVES

    On completion of this course, you will be able to:

    Identify how income statement transactions impact the balance sheet and the cash flow statement

    Recognize how transactions impact both the asset side as well as the liabilities and equity side of the balance sheet, and how these transactions subsequently impact the cash flow statement

    Explain the use of the 'accounting matrix'

  • COURSE OUTLINE

    Lesson(s):

    Topic 1: The Income Statement

    Primary Components of the Income Statement

    o Revenues

    o Expenses

    How Revenue and Expenses Impact the Balance Sheet and Cash Flow Statement

    Topic 2: The Balance Sheet and Cash Flow Statement

    Assets

    o How Changes in Balance Sheet Assets Occur

    o The Effect on the Cash Flow Statement of Balance Sheet Changes

    Topic 3: The Accounting Matrix

    Categorise Accounting Transactions

    Constructing the Balance Sheet

    Constructing the Income Statement

    Constructing the Cash Flow Statement

  • PREREQUISITE KNOWLEDGE

  • ESTIMATED COMPLETED TIME

    75 Minutes

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