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Course Description

This course will enable you to interpret the financial statement line items that capture the most central and important operations of any enterprise: the revenue and other cash inflows earned from customers and the related expenses or losses.

You are required to have completed the following courses or have equivalent experience before taking this course:

  • Foundations of Financial Statements
  • Accruals and Cash Flows

Faculty Author

Robert Bloomfield

Benefits to the Learner

  • Determine if revenue will be received for a transaction based on meeting the legal qualifications for consideration
  • Record revenue for a transaction accurately over time by identifying the five steps of revenue recognition
  • Analyze a transaction and performance obligations
  • Allocate transaction prices by applying a deferred revenue schedule
  • Accurately account for discounts, returns, and allowances within financial statements over time
  • Adjust financial statements for accounts receivable and bad debts
  • Adjust financial statements for the aging of accounts receivable to report on how much and how long a firm has been owed revenue
  • Discuss and identify different forms of measure management associated with revenue and receivables
  • Distinguish between physical and accounting flows of inventory and identify costs that are and are not categorized with inventory
  • Compare and contrast the “Last In, First Out (LIFO)” method of inventory to the “First In, First Out (FIFO)” method, outlining the circumstances in which each may be beneficial
  • Create entries for the life cycle of inventory under a variety of accounting flow assumptions
  • Explain and identify different forms of measure management associated with inventory

Target Audience

  • Individuals seeking to enter the field of accounting or auditing
  • Managers involved in financial forecasting and investments
  • Entrepreneurs seeking investors and/or investment opportunities
  • Pre-MBA students interested in gaining an accounting background

Applies Towards the Following Certificates

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Enroll Now - Select a section to enroll in
Type
2 week
Dates
Nov 13, 2024 to Nov 26, 2024
Total Number of Hours
14.0
Course Fee(s)
Contract Fee $100.00
Type
2 week
Dates
Nov 27, 2024 to Dec 10, 2024
Total Number of Hours
14.0
Course Fee(s)
Contract Fee $100.00
Type
2 week
Dates
Dec 11, 2024 to Dec 24, 2024
Total Number of Hours
14.0
Course Fee(s)
Contract Fee $100.00
Type
2 week
Dates
Jan 08, 2025 to Jan 21, 2025
Total Number of Hours
14.0
Course Fee(s)
Contract Fee $100.00
Type
2 week
Dates
Feb 05, 2025 to Feb 18, 2025
Total Number of Hours
14.0
Course Fee(s)
Contract Fee $100.00
Type
2 week
Dates
Mar 05, 2025 to Mar 18, 2025
Total Number of Hours
14.0
Course Fee(s)
Contract Fee $100.00
Type
2 week
Dates
Apr 02, 2025 to Apr 15, 2025
Total Number of Hours
14.0
Course Fee(s)
Contract Fee $100.00
Type
2 week
Dates
Apr 30, 2025 to May 13, 2025
Total Number of Hours
14.0
Course Fee(s)
Contract Fee $100.00
Type
2 week
Dates
May 28, 2025 to Jun 10, 2025
Total Number of Hours
14.0
Course Fee(s)
Contract Fee $100.00
Type
2 week
Dates
Jun 25, 2025 to Jul 08, 2025
Total Number of Hours
14.0
Course Fee(s)
Contract Fee $100.00
Type
2 week
Dates
Jul 23, 2025 to Aug 05, 2025
Total Number of Hours
14.0
Course Fee(s)
Contract Fee $100.00
Type
2 week
Dates
Aug 20, 2025 to Sep 02, 2025
Total Number of Hours
14.0
Course Fee(s)
Contract Fee $100.00
Type
2 week
Dates
Sep 17, 2025 to Sep 30, 2025
Total Number of Hours
14.0
Course Fee(s)
Contract Fee $100.00
Type
2 week
Dates
Oct 15, 2025 to Oct 28, 2025
Total Number of Hours
14.0
Course Fee(s)
Contract Fee $100.00
Type
2 week
Dates
Nov 12, 2025 to Nov 25, 2025
Total Number of Hours
14.0
Course Fee(s)
Contract Fee $100.00
Type
2 week
Dates
Dec 10, 2025 to Dec 23, 2025
Total Number of Hours
14.0
Course Fee(s)
Contract Fee $100.00
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