Offerings and Dates This course is designed as an introductory accounting course for graduate students, and provides an introduction to the concepts underlying external financial reporting.
Why was it created? When was it effective? Who are the users? What are the objectives and pervasive principles? Basis of accounting-cash or accrual?
Changes in Estimates, Accounting Policies and Errors f. How are accounts in the Statement of Financial Condition presented? Accounting Treatment for certain Balance Sheet accounts: What will fall under Cash and Cash Equivalents? Can a Coop deposit Cash in a Cooperative Federation? Other Funds and Deposits account-how is this utilized?
Loans and Receivables 1. Unearned Interest on Loans-how to present in the FS 2. Installment contracts-how to recognize? Concept of Portfolio-at-Risk 4. Required Allowance for Probable Loss iii.
Financial Assets income and loss recognition for different types of financial assets iv. Investments in Associates, Joint Ventures and Subsidiaries- difference in accounting treatment between Corporation and Cooperatives vii. Property, Plant and Equipment-can a Cooperative use the revaluation method?
Extractive Activities Mining, etc. Provisions and Contingencies xii. Impairment of Assets-when do we impair?
Due to Unions and Federations-how do we optimize their utilization?
Accounting for Project Subsidies 2. Reporting of different business segments of a Cooperative c. What are the peculiar accounts and accounting treatments under the Cooperative's Statement of Operations? Borrowing costs-do we capitalize or do we treat as expense? Retirement benefits-difference in accounting treatment between Corporation and Cooperatives iii.
Foreign Currency transactions iv.Course Description: This course covers more advanced topics in Financial Accounting including consolidation accounting, foreign currency transactions, translation of foreign currency denominated financial statements and not-for-profit accounting.
Enroll for best financial modeling course with NSE certification available in online and classroom training in Pune, Mumbai, Bangalore, Delhi, Chennai, Thane, Hyderabad, Kochi. On completion of this course, students should be able to: analyse financial statements with a view to guiding managerial decision-making; use financial and other information to undertake financial planning and forecasting and analyse alternative investment decisions and recommend superior course of action.
Financial reporting is a vital part of corporate governance. In this lesson, you'll learn what financial reporting is, its primary components, its purpose, and be provided with some examples. FAQ’s (related to the IFRS course) What is the financial reporting?
Financial reporting comprises of all of the following: the outward financial statements such as balance sheet, income statement, cash flows statement and the statement of stockholders’ equity and the records of these financial statements.
Our Excel Financial Modelling Beginners course is hands on. You will be guided through building several financial models which have been specifically designed for this course.