Brief Introduction
Ever wonder how Wall Street investors compare corporations? Learn to prepare, analyze, and compare financial statements for publically traded U.S. corporations.
Description
Want to learn a new language and keep your finger on the pulse of business? Accounting is the language of business. Be among a small percentage of business professionals who can prepare, interpret, and analyze financial statements of corporations. You will find financial accountants anywhere from the accounting department to the positions of CEO and CFO.
In this course, part of the UMGC Accounting and Financial Management MicroMasters program, you will learn to prepare corporate financial statements in compliance with the U.S. Securities and Exchange Commission (SEC) and in conformance with the Financial Accounting Standards Board's (FASB) generally accepted accounting principles (GAAP).
You will learn how the FASB creates new GAAP, how to research the FASB Accounting Standards Codification system, and how to prepare and analyze financial statements including the Income Statement, Comprehensive Statement of Income, Balance Sheet, Statement of Shareholder's Equity, and Statement of Cash Flows. An overview of accounting theory provides a foundation for applying financial accounting concepts and principles to real business issues. The course is taught within the framework of the American Association of Certified Public Accountants ' Code of Professional Conduct.
Knowledge
- Use the Financial Accounting Standards Board's(FASB) Conceptual Framework
- Research accounting topics using FASB's Accounting Standards Codification
- Prepare financial statements for U.S. corporations according to FASB's GAAP
- Analyze, interpret, and communicate financial information in a clear, correct, concise, and well-articulated manner
- Apply the AICPA Code of Professional Conduct when making financial decisions
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This course provides practical knowledge about common corporate fraud activity, and how to detect it. Organizations of all kinds and sizes are increasingly threatened by fraud....
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Learn Accounting Fundamentals, Accounting cycle and preparation of Financial Statements from Scratch! Hi, Warm welcome to the course page of accounting for beginners !...
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Completing the Accounting Cycle
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Students prepare statements relevant to year end accounting processes synthesizing what they have learned in the previous two courses. Students will also learn how to prepare the post-closing trial balance....
