Accounting for Non-Accountants with Financial Statement Analysis

Course Outline:

 DEFINITION; PHASES OF ACCOUNTING; PURPOSE AND IMPORTANCE OF ACCOUNTING; USERS OF FINANCIAL INFORMATION

 BUSINESS TRANSACTIONS DEFINED

 ACCOUNT; CLASSIFICATION OF ACCOUNTS

o Assets

o Liabilities

o Equity

o Revenues

o Expenses

 GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAPs)

 THE ACCOUNTING EQUATION  THE THEORY OF DEBIT AND CREDIT

 CHART OF ACCOUNTS  THE ACCOUNTING CYCLE

o Journalizing / Preparing Accounting Entries

o Posting

o Preparing the Trial Balance

o Adjusting Entries

• Depreciation
• Amortization
• Bad Debts
• Prepaid Expenses
• Accrued Expenses
• Accrued Income
• Deferrals

o Closing Entries

o Preparing the Post-Closing Trial Balance

 BASIC FINANCIAL STATEMENTS

o Preparing the Balance Sheet

o Preparing the Income Statement

o Introduction to the Statement of Changes in Equity

o Introduction to the Statement of Cash Flows

 ANALYSIS OF FINANCIAL STATEMENTS

o Objectives of Financial Statement Analysis

o Types of Analysis

• Horizontal
• Vertical
• Trend

o Steps in Analyzing Financial Statements

o Financial Ratios

o Exercises: Financial Statement Analysis

Resource Speaker

Mr. Stephen I. Bañares, CPA

Training Consultant

Schedule:

March 16-17, 2023

Thursday-Friday

9:00 AM - 4:00 PM

Training Fee:

From Member Institution – P 5,600.00

From Non-Member Institution – P 7,840.00

**VAT inclusive