19 Lessons
685 Students
Muhammad Anwar Ul Haq
Excellent
Financial accounting is a specialized branch of accounting that keeps track of a company's financial transactions. Using standardized guidelines, the transactions are recorded, summarized, and presented in a financial report or financial statement such as an income statement or a balance sheet.What are the basic concepts of financial accounting? The financial statements report on five main aspects of a business. The revenue and expenses are accounted for in the income statement and the asset, liabilities, and equity are reported for in the balance sheet.What are the 4 types of accounting? These four branches include corporate, public, government, and forensic accounting
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What You'll Learn
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Master GAAP principles to ensure accurate financial reporting and compliance with accounting standards
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Apply GAAP guidelines to prepare and analyze income statements, balance sheets, and financial statements
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Implement proper recording and classification of financial transactions following GAAP standards
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Differentiate between corporate, public, government, and forensic accounting practices and their applications
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Utilize GAAP to identify and correct financial reporting errors and discrepancies
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Interpret financial statements to assess company performance, assets, liabilities, and equity
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Develop skills to ensure transparency and consistency in financial reporting using GAAP
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Understand the role of GAAP in auditing, financial analysis, and regulatory compliance
Course Content
19 Lessons • 1 h 58 m total
Introduction to GAAP Generally Accepted Accounting Principles
History of the Accounting Standard Setting Process in the U S
Financial Accounting Standards Board FASB
Emerging Issues Task Force EITF
Financial Accounting Foundation FAF
The Accounting Standards Codification ASC U S GAAP
International Accounting Standards Board IASB
FASB vs the IASB
FASB s Conceptual Framework for Accounting
The Securities Act of 1933 and the Securities Exchange Act of 1934
The Sarbanes Oxley Act of 2002
Public Company Accounting Oversight Board PCAOB
The Corporate Board of Directors
The Audit Committee
The 4 Types of Audit Opinions
Going Concern Opinion
Internal Audit vs External Audit
The Role of Analysts
Sell side vs Buy side Analysts
How to Get The Certificate
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Complete all lessons.
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Watch at least 50% of Lesson Duration.
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4.4
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Amazing lecture easy to understand
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absolute banger
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very informative learing
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The course study was excellent starting from the beginning to the end
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Excellent course
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Good course
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Best platform to study
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GAAP Course Description
Financial accounting is a specialized branch of accounting that keeps track of a company's financial transactions. Using standardized guidelines, the transactions are recorded, summarized, and presented in a financial report or financial statement such as an income statement or a balance sheet.What are the basic concepts of financial accounting? The financial statements report on five main aspects of a business. The revenue and expenses are accounted for in the income statement and the asset, liabilities, and equity are reported for in the balance sheet.What are the 4 types of accounting? These four branches include corporate, public, government, and forensic accounting
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