Financial And Management Accounting Crash Course

Crash course to quickly give you the basics of financial and management accounting

What you'll learn

Know about the qualities of financial information, dual-entry accounting, cash-basis accounting and financial statements and their assertions.

Be able to use the different methods to recognize revenue.

Be able to use the different methods of depreciation.

Be able to use methods of leasing from the point of view of the lessee and the lessor.

Know how to analyze financial information through the use of ratio analysis.

Know the basics of management accounting, such as present and future values, net present value, the internal rate of return and the accounting rate of return.

Know the different types of cost accounting systems and about responsibility accounting.

Be able to use different systems for costing.

Requirements

No prior experience or knowledge is required.

Description

We are glad to bring you the Financial and Management Accounting Crash Course.This course is ideal for variety of people, including:Students in accounting, finance or business courses who want an overview of financial and management accounting in a crash course format. Business managers, financial accountants and management accountants who want a refresher on financial and management accounting. Anyone with an interest in financial and management accounting.The course will give you the knowledge and tools necessary in basic financial and management accounting. Learn about using and creating financial information, recognizing revenue, the methods to depreciate assets, leasing, how to analyze information through the use of ratio analysis, management accounting, cost and responsibility accounting and costing systems.It is taught by Adrian Resag, who has worked as an accountant and has taught financial and managing accounting in university and to many companies and governmental organizations.The course covers:Financial Accounting and Financial StatementsKnow about the qualities of financial information, dual-entry accounting, cash-basis accounting and financial statements and their assertions.Revenue RecognitionBe able to use the different methods to recognize revenue.Methods of DepreciationBe able to use the different methods of depreciation.LeasingBe able to use methods of leasing from the point of view of the lessee and the lessor.Ratio AnalysisKnow how to analyze financial information through the use of ratio analysis.Management AccountingKnow the basics of management accounting, such as present and future values, net present value, the internal rate of return and the accounting rate of return.Cost Accounting and Responsibility AccountingKnow the different types of cost accounting systems and about responsibility accounting.Costing SystemsBe able to use different systems for costing.

Overview

Section 1: Financial Accounting and Financial Statements

Lecture 1 Aspects of Finance and Accounting

Lecture 2 Qualities of Financial Information

Lecture 3 Dual-entry Accounting

Lecture 4 Exercise on Dual-entry Accounting

Lecture 5 Cash-basis and Accrual-basis Accounting

Lecture 6 Financial Statements

Lecture 7 Financial Statement Assertions

Section 2: Revenue Recognition

Lecture 8 Revenue Recognition - Point of Sale Recognition

Lecture 9 Revenue Recognition - Instalment Sales Method

Lecture 10 Revenue Recognition - Cost Recovery Method

Lecture 11 Revenue Recognition - Completed Contract Method

Lecture 12 Revenue Recognition - Percentage of Completion Method

Section 3: Methods of Depreciation

Lecture 13 Strait Line Depreciation

Lecture 14 Activity Method Depreciation

Lecture 15 Accelerated Depreciation

Lecture 16 Sum-of-the-year's-digits Depreciation

Section 4: Leasing

Lecture 17 Lessee Lease Methods

Lecture 18 Lessor Lease Methods

Section 5: Ratio Analysis

Lecture 19 Types of Ratio Analyses

Lecture 20 Debt and Leverage Ratios

Lecture 21 Liquidity Ratios

Lecture 22 Question on Liquidity Ratios

Lecture 23 Net Working Capital

Lecture 24 Profitability Ratios

Lecture 25 Return on Assets

Lecture 26 Price to Earnings Ratio (PE Ratio)

Lecture 27 Book Value Per Common Share

Lecture 28 Investment Valuation Ratios

Lecture 29 Activity Ratios

Section 6: Management Accounting

Lecture 30 Capital Structure and Budgeting

Lecture 31 Present and Future Value

Lecture 32 Net Present Value (NPV) and Internal Rate of Return (IRR)

Lecture 33 Payback Period

Lecture 34 Accounting Rate of Return (IRR)

Section 7: Cost Accounting and Responsibility Accounting

Lecture 35 Responsibility Accounting

Lecture 36 Cost Accounting Terminology

Lecture 37 Cost Accounting - Types of Costs

Lecture 38 Cost-Volume-Profit (CVP) Analysis

Section 8: Costing Systems

Lecture 39 Product Costing Systems

Lecture 40 Cost Allocation and Cost Accumulation Systems

Lecture 41 Activity Based Costing (ABC)

Lecture 42 Question on Cost Allocation and Cost Accumulation Systems

Students in accounting, finance or business courses who want an overview of financial and management accounting in a crash course format.,Business managers, financial accountants and management accountants who want a refresher on financial and management accounting.