NYIF: Reporting Firm Resources, Obligations and Performance

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Explore the core resources, obligations and performance or a reporting firm.

Reporting Firm Resources, Obligations and Performance

4 weeks

1–2 hours per week

Self-paced

Progress at your own speed

Enrollment closed

Future dates to be announced

About this course

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This course begins with an explanation of the role of adjustments in accrual accounting and covers the difference between explicit and implicit transactions. We’ll look at the components of a Classified Balance Sheet and learn how to prepare a Classified Balance Sheet as well as a Multiple-step Income Statements.

This course also looks at revenue recording and revenue measurement issues and teaches how to estimate bad debts using the allowance method.

We’ll wrap up the course with a look at the concept of the statement of cash flows and learn how to distinguish among Cash flow from Operations, Financing and Investing.

This course is part 2 of the New York Institute of Finance’s Financial Accounting Professional Certificate.

At a glance

Institution: NYIF
Subject: Economics & Finance
Level: Introductory
Prerequisites:
● Basic MS Excel skills

● Elementary mathematics

Language: English
Video Transcript: English
Associated programs:
- Professional Certificate in Financial Accounting
Associated skills: Operations, Balance Sheet, Accrual Accounting, Cash Flow Statements, Financial Accounting, Finance