Financial accounting is a key element to establishing and maintaining prosperity within a particular firm or corporation. In order to do this it uses a set amount of standards, discipline and even its own type of language. If business accounting is to be properly understood, the professional would need to have knowledge of the many concepts, terms and general records that are involved in common financial activities. CBT Directís online course on financial accounting will help the professional to gain a grasp on these basics.
At the end of a fiscal year, there is a great importance placed on all monies being accounted for. Earned revenue has to match all acquired expenses in order for that revenue to be created. It is extremely important that all of a companyís financial records be accurate because these documents are used to make important financial decisions in the future. Our online training will explain the importance of keeping track of all the incoming and outgoing revenue, and the proper ways to report these processes.
CBT Directís Online Accounting Fundamentals Training will provide a basic knowledge of the accounting finance world and the particulars behind it. This includes paperwork, the many forms of cash, and inventory. After taking our online course, the learner should have a better basis on business accounting and the importance it holds for the future of a business.
Benefits of CBT Directís Online Accounting Fundamentals Training
CBT Direct boasts the most beneficial online training on the market. With CBT Directís online training, you have the flexibility to study on your schedule, and with the speed and reliability of the internet, CBT Directís Accounting Fundamentals training course is accessible anywhere you have an internet connection. Convenience finally costs less with CBT Direct - the most affordable online training solution today.
The unique design of CBT Directís Accounting Fundamentals course emphasizes learner initiative, self-management and experiential learning. CBT Directís online course design begins with the definition of user-focused performance objectives and then proceeds to the selection and implementation of instructional strategies and learning activities appropriate for those objectives. This effective instruction model for CBT Directís Accounting Fundamentals training course ensures the greatest level of comprehension and retention.
Who Benefits from CBT Directís Online Accounting Fundamentals
CBT Directís self-paced online Accounting Fundamentals course would be beneficial to any individual serving in an accounting role with no experience in accounting and non-financial employees that would like to gain a better understanding of accounting and bookkeeping functions.
What Professionals Will Learn from CBT Directís Online Accounting Fundamentals Training
This self-paced online course will familiarize learners with basic accounting principles and concepts that set the ground for more advanced learning in this area. This course will introduce students to key accounting terms and concepts such as key characteristics of accounting, the accounting equation, double entry bookkeeping, and basic accounting principles. Furthermore, our online training will help you recognize key characteristics of the International Financial Reporting Standards (IFRS) vis-ŗ-vis the Generally Accepted Accounting Principles (GAAP).
With CBT Directís Accounting Fundamentals training course, learners will become familiar with the basic accounting
equation and financial statements. You are introduced to the accounting equation and how given transactions affect the
specific accounts using the debit and credit rule. This course identifies the key characteristics of a financial statement
and examines their relationship with one another.
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This course teaches the essentials of the accounting cycle, chart of accounts, and accrual accounting method. This self-paced online course outlines the various stages in the accounting cycle, categories of accounts, and how they are organized in respective financial statements. Finally, this training course introduces students to cash and accrual accounting methods and their differences.
This online training course covers the key accounting skills of recording accounting transactions in a journal and posting them into a ledger. Learners will discover how to use general ledgers and subsidiary ledgers for a variety of transactions. Finally, you'll learn to analyze a transaction, record it in the appropriate journal, and then post it to the ledgers.
This training course examines how to prepare a trial balance, make adjusting entries, and close the temporary account books at the end of an accounting period. It introduces several types of trial balances performed within the accounting cycle and walks you through the preparation of a trial balance. In addition, this course teaches you how to classify and make adjusting entries and close the accounts at period end.
With our training course, students will become familiar with the Income Statement and explores how it interacts with other financial statements. Learners will examine the various components of the Income Statement, as well as, how to calculate gross profit, operating income, and net income. Finally, you will learn how common business transactions affect the Income Statement and how it interacts with the Balance Sheet and Cash Flow Statement.
This self-paced online course examines the Balance Sheet and its key components. Students will learn how common business transactions affect the Balance Sheet. Additionally, this training course teaches individual how to prepare a Balance Sheet and how the Balance Sheet interacts with the Income Statement and Cash Flow Statement.
This course discusses various aspects of a Cash Flow Statement, in addition to identifying the steps for preparing a statement. Learners are introduced to various components in a Cash Flow Statement, as well as how to calculate cash at the end of the accounting period. This course examines how various transactions affect cash balances in an organization and how a Cash Flow Statement connects with the Income Statement and Balance Sheet.
Learners will explore basic concepts and accounting treatments involving companies' common and preferred stocks, treasury stocks, and dividends. Students will identify key characteristics of incorporated organizations and how common equity transactions affect their financial position. It walks you through the accounting treatments for common, preferred, and treasury stocks, as well as how to record transactions involving cash and stock dividends.