Introduction to Financial Accounting

What's Included

• The accounting cycle: translating companies’ operations and decisions into numbers;
• Understanding accounting as the language of business: users of accounting information and its different purposes;
• The role of accounting equation in ensuring recording integrity and keeping track of the transactions;
• The role of accruals in making sense of financial accounting information;
• The package of Financial Statements: balance sheet, income statement and cash flow statement;
• Debunking myths about accounting as a fact: the role of valuation, assumptions and forecasts;