Advance Accounting course contents:
Advance Accounting training course offered by Bright Future Training Institute Dubai will cover the following topics;
Part 1: Welcome to the World of Accounting
- Accounting Information
- The Accounting Profession and Careers
- The Fundamental Accounting Equation
- How Transactions Impact the Accounting Equation
- The Core Financial Statements
Part 2: Information Processing
- Computerized Processing Systems
Part 3: Income Measurement
- “Measurement Triggering” Transactions and Events
- The Periodicity Assumption
- Inventory valuation (FIFO, LIFO Average)
- Accounting for Depreciation
- Basic Elements of Revenue Recognition
- Basic Elements of Expense Recognition
- The Adjusting Process and Related Entries
- Accrual- Versus Cash-Basis Accounting
- Accounting – Versus Economic Versus Law
Part 4: The Reporting Cycle
- Preparing Financial Statements
- The Accounting Cycle and Closing Process
- Reversing Entries
- Classified Balance Sheets
- Cash Flow Statement as per IFRS