Location

Community Services & Continuing Education - Alexandria

Objectives

• This course introduces students to concepts of financial accounting and helps them in learning technical skills required for preparation and analysis of financial statements and disclosures. This course emphasizes on recording business transactions within the accounting and double entry system. This course also provides an understanding of both U.S. GAAP and international financial reporting regulations, uses and limitation of financial accounting information and current issues in reporting including the integrated reporting concept.

Outcomes

Upon successful completion of this course, you should be able to 1- Explain and recognize elements of financial statements and record transactions using double entry system. 2- Prepare and critically analyses financial statements 3- Apply accounting concepts, techniques and analytical skills at an advanced level 4- Critically reflect on financial reporting and accounting practice from an ethical and a global perspective, and respect ethical standards 5- Communicate confidently and accurately to a high professional standard and employ technology effectively for communicating accounting information 6- Synthesize information from academic and professional literature and use information effectively for independent research, applied problem-solving and management decision making 7- Demonstrate thorough knowledge of current concepts, frameworks and techniques in financial accounting

Course Contents

Financial Accounting and Reporting (FAR)1. Conceptual Framework, Standards, Standard Setting, and Presentation of Financial Statements (17% - 23%) 2. Financial Statement Accounts: Recognition, Measurement, Valuation, Calculation, Presentation, and Disclosures (27% - 33%) 3. Specific Transactions, Events and Disclosures: Recognition, Measurement, Valuation, Calculation, Presentation, and Disclosures (27% - 33%) 4. Governmental Accounting and Reporting (8% - 12%)