Intermediate Accounting I Training program
A vocational and practical Intermediate Accounting I (ACC 201) training program is designed to provide individuals with a comprehensive understanding of financial accounting and reporting standards. The program covers a wide range of topics, including the conceptual framework of financial accounting, the preparation of financial statements, and the application of accounting principles and concepts to real-world scenarios. The program emphasizes hands-on, practical training, allowing individuals to develop skills in analyzing financial data, preparing financial statements, and communicating financial information to stakeholders. Upon completion of the program, individuals will be well-prepared to enter the field of accounting with a strong foundation in accounting principles and practical skills.
Session 1 : Introduction to Intermediate Accounting
- Overview of intermediate accounting
- Conceptual Framework of financial accounting
- Generally Accepted Accounting Principles (GAAP)
- Financial accounting standards
Session 2 : Financial Statement Presentation and Disclosures
- Income statement
- Balance sheet
- Statement of cash flows
- Notes to financial statements
Session 3 : Revenue Recognition and Receivables
- Revenue recognition principles
- Accounting for long-term contracts
- Accounting for accounts receivable
- Allowance for doubtful accounts
Session 4 : Inventories
- Inventory valuation methods
- Lower cost or market
- Inventory costing methods
- Inventory errors and adjustments
Session 5 : Property, Plant, and Equipment
- Acquisition and disposal of property, plant, and equipment
- Depreciation methods
- Disposal of plant assets
- Impairment of long-lived assets
Session 6 : Intangible Assets and Liabilities
- Accounting for intangible assets
- Accounting for goodwill
- Contingent liabilities
- Leases
Session 7 : Investments in Equity Securities
- Accounting for equity investments
- Fair value accounting
- Equity method of accounting
- Consolidated financial statements
Session 8 : Accounting Information Systems and Technology
- Accounting information systems
- Enterprise resource planning (ERP) systems
- Cloud-based accounting software
- Data security and privacy
Session 9 : A final assignment
The case study or project serves as a capstone for the program, allowing learners to demonstrate their mastery of financial accounting concepts and skills. It also provides an opportunity for learners to showcase their ability to apply their knowledge to real-world scenarios, which can be valuable when seeking employment in the field of accounting or finance.
The Intermediate Accounting I Training program
50$ 30$
This training program is flexible and convenient, as participants can access it from anywhere and at any time that suits them, allowing them to learn in the way that suits them best.
Duration: 30 hours