Intro to Financial Accounting

Develop expertise in analyzing financial statements and reports by mastering the fundamentals of financial accounting. Gain proficiency in key concepts, including accrual accounting, the three main financial statements, and the financial metrics and ratios that professional analysts use to evaluate company performance.

This comprehensive course employs hands-on exercises using actual financial statements from well-known, publicly traded companies. You will examine real-world examples by studying actual 10-K filings and gain deeper insight into how the accounting concepts presented in this course apply directly to major corporations such as Facebook, Amazon, and Apple.

What You'll Learn at a Glance

• Financial accounting fundamentals, including the distinction between cash and accrual accounting methods, and GAAP principles
• Income statement line items and the financial metrics used to assess profitability
• Balance sheet structure: understanding the equation Assets equals Liabilities plus Shareholders' Equity
• Cash Flow Statement components: analyzing cash flows from operations, investing activities, and financing activities
• How the three financial statements connect and relate to one another

Course Syllabus:

Introduction to Financial Accounting

• Who uses financial reports and why they matter
• Where to locate and access financial reports
• Types of financial reports and their purposes
• Generally Accepted Accounting Principles (GAAP) framework
• Comparing and contrasting cash accounting versus accrual accounting

Income Statement

• Essential line items and their significance
• Profit ratios, margins, and profitability metrics
• How accrual accounting functions within the income statement
• Understanding depreciation and amortization
• Trailing Twelve Months (TTM) analysis
• Year-over-year (Y/Y) comparative analysis
• EBITDA calculation and interpretation

Balance Sheet

• The fundamental accounting equation: Assets equals Liabilities plus Shareholders' Equity
• Key components and composition of each section
• Analysis of changes in Property, Plant and Equipment
• Working capital management and calculation

Cash Flow Statements

• Why the cash flow statement is essential for financial analysis
• Understanding cash flows from operating activities
• Analyzing cash flows from investment activities
• Examining cash flows from financing activities
• Deferred taxes and their impact on cash flow

Custom solutions for every team:

Purchase Vouchers or Group Classes

Invest in group vouchers that allow your employees to attend any of our courses at times that suit their schedules, whether on weeknights, weekdays, or weekends. Our classes are delivered as live online instruction or in-person at our Manhattan office locations. When you invest in a substantial block of vouchers, you will also gain access to a custom registration tracking portal designed to help you manage them efficiently.

With a diverse range of courses on our calendar throughout the year, you don't need to coordinate schedules with individual employees to find a class that works for everyone. Your employees can use their vouchers to enroll in classes that align with their current skill level, schedule availability, and preferred learning location.

Learn Relevant Skills from Industry Experts

Upon completing our training, your employees will emerge as proficient practitioners capable of implementing what they've learned immediately in their daily work. Your employees will also receive our course materials to retain permanently, providing them with valuable resources they can reference whenever they need guidance for their day-to-day responsibilities.

Our hands-on teaching approach and focused instruction methods cater to diverse learning styles and preferences. We recreate the real challenges your employees will encounter and address in their professional roles.

We bring extensive expertise in designing customized curricula for training programs of all types, whether delivered onsite at your office location, here in our Midtown Manhattan training facility, or through remote virtual instruction. Our comprehensive programs can be fully tailored to meet your specific training requirements and organizational goals.

Learn more about Intro to Financial Accounting & Financial Statements at Noble Desktop.