Relationship between balance sheet and income sheet
Statement of retained earnings
Earnings per share
Module 3: Recording Transactions
Explain the double entry accounting system
Analyze and journalize transactions
Post journal entries to the ledgers
Prepare and use a trial balance
Explain the accounting adjustments required at the end of the fiscal period
Module 1: Accrual Accounting and Financial Statement Formats
Adjustments to accounts
Implicit transactions
Classified balance sheet
Income statement
Case study - Goodyear, Inc. balance sheet and income statement
Module 2: Accounting for Sales
Revenue recognition
Revenue measurement
Credit sales and accounts receivable
Assessing level of accounts receivable
Module 3: Cash Flow
Purpose of the statement of cash flows
Types of cash flow
Preparing the statement of cash flows
Real world examples and journal entries for basic accounting procedures
Describe the components of the balance sheet
Analyze the effect of transactions on the balance sheet equation
Explain how accountants measure income
Determine when a company should record revenue from a sale
Use the concept of matching to record expenses for the period
Demonstrate how an income statement is related to a balance sheet
Explain the double entry accounting system
Analyze and journalize transactions
Explain the role of adjustments in accrual accounting
Describe and prepare a classified balance sheet
Describe and prepare an income statement
Describe and prepare a cash flow statement
Anyone with an interest in financial accounting
Joseph Iraci is currently the VP of Enterprise Risk Management and Internal Audit at Robinhood Markets, Inc. He is also an adjunct professor at the New Jersey City University’s School of Business and an instructor for the Advanced Risk Management Program that is co-sponsored by the Wharton School of Business and RMA. He is very active in various councils and committees within the financial services industry.
