Location

Community Services & Continuing Education - Alexandria

Objectives

• This course aims to:- Introduce measurement, valuation, disclosure and elements of financial statements including short and long term liabilities- Focuses on the study of elements of financial accounting Including an introduction to theory, present- value concepts and applications, current assets, cash, receivable and inventory valuation problems.

Outcomes

Upon successful completion of this course,Learners will be able to:- Discuss and describe Cash & Receivables as presented on the balance sheet along with being able to calculate the valuation of accounts receivable and notes receivable - Discuss and describe the various inventory cost flow assumptions (FIFO, LIFO, Average Cost, Specific Identification) along with being able to calculate ending inventory and cost of goods sold using the various cost flow assumptions under both periodic and perpetual methods in addition to being able to explain and calculate other valuation issues like: Cost or Market, Gross profit estimate and Retail inventory method -Discuss and describe the various types of intangible assets in addition to being able to calculate its value in addition to calculating its impairment - Discuss and describe current and long-term liabilities and contingencies in addition to being able to calculate the valuation of bonds payable and long-term notes payable

Course Contents

- Account receivable inventory- Short term investments- Inventory cost flow- Long term assets and liabilities