Professional Accounting Certificate

Courses Syllabus

Objectives:

By the end of the program, participants will be able to:

• Enhance their accounting knowledge by learning how to account for income measurement and recognition.
• Demonstrate knowledge of accounting for assets, including long-term assets and intangibles.
• Account for current liabilities, contingencies, long-term liabilities and bonds.
• Account for equity stock transactions, including dividends and long-term liabilities.
• Apply accounting for operating and capital leases and how it will affect income statement and balance sheet.
• Demonstrate knowledge of the rules of accounting changes and errors.

The Content:

Accounting: The Language of Business

• The Environment of Financial Reporting
• The Balance Sheet and the Statement of Changes in Stockholders’ Equity
• The Income Statement and the Statement of Cash Flow

Cash and Receivables 

• Accounting for Cash and Receivables
• Allowances, Bad Debts, and Life-Cycle of Accounts Receivable

Inventory Life-Cycle

• Accounting for Inventory, Costing, and Measurement
• Computation of Cost of Goods Sold Using Inventory Costing Methods
• Inventory Valuations

Property, Plant, Equipment and Intangibles

• Accounting for Purchased Assets
• Depreciation of Assets Using Different Depreciation Methods
• Maintenance and Repairs of Operating and Capital Assets
• Accounting for Retired, Sold, and Written-Off Assets

Current Liabilities and Contingencies

• Accounts Payable and Accruals
• Advances and Refundable Deposits
• Warranty Obligations and Contingencies

Investments Reporting and Classification

• Trading, Available-for-Sale and Held-to-Maturity Securities
• Accounting for Investments, Impairments and Disclosures
• Cost versus Equity Method

Contributed Capital

• Stock Subscriptions and Stock Splits
• Stock Options and Convertible Securities
• Treasury Stock Method and Dividends

Accounting for Leases

• Operating Lease
• Capital Lease
• Disclosure Requirements

Accounting Changes and Errors

• Restatements and Prior Period Adjustments
• Accounting for a Change in an Estimate, Principle and Reporting Entity
• Accounting for a Correction of an Error