The course covers all essential topics required to understand and practice financial accounting effectively. The key modules include:

Introduction to Financial Accounting

The purpose and users of financial accounting
The accounting cycle and types of financial statements
Key differences between financial and managerial accounting

Accounting Principles and the Double-Entry System

Generally Accepted Accounting Principles (GAAP)
The accounting equation (Assets = Liabilities + Equity)
Recording transactions using debit and credit rules
Journal entries and general ledger posting

Preparing the Trial Balance and Adjusting Entries

Constructing a trial balance
Common adjustments (accruals, deferrals, depreciation)
Adjusted trial balance and its purpose

Preparation of Financial Statements

Income Statement: revenues, expenses, and net income
Balance Sheet: assets, liabilities, and equity structure
Cash Flow Statement: operating, investing, and financing activities
Statement of changes in equity

Closing the Books and Financial Period-End Activities

Closing entries and post-closing trial balance
The role of accounting in audit readiness
Monthly and annual reporting practices

Analyzing Financial Statements

Basic ratio analysis (liquidity, profitability, solvency)
Identifying trends and variances
Understanding what financial statements reveal about a business

Ethics and Regulatory Framework in Accounting

The importance of ethical standards in financial reporting
Overview of accounting bodies and regulations (IFRS, GAAP)
Internal controls and compliance

Hands-On Exercises and Real-World Examples

Practice sets and mock transactions
Preparing sample income statements and balance sheets
Group activities to reinforce concepts

Participants will complete the course with a firm grasp of how to record, summarize, and interpret financial transactions and statements. This foundational knowledge is crucial for anyone aspiring to advance in accounting, finance, or general business manage

Financial Accounting Fundamentals Training Course in Geneva

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Financial Accounting Fundamentals Training Course

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