Skip to content

Financial Accounting

COGBOOKS COURSEWARE

ISBN: 978-1-913014-63-6

Learn more about Financial Accounting

This adaptive courseware focuses on decision-making and the role of accounting in the decision-making process. Students will learn to prepare financial statements and use them effectively to make investment and other business decisions. Learners will also be introduced to the basic financial accounting principles and concepts underlying Generally Accepted Accounting Principles, or GAAP. While typically used in business, these key accounting topics are applicable to any scenario that uses financial information.

 

Explore the topics covered in Financial Accounting

1.1 Introduction to Accounting
1.2 Legal Forms and Characteristics of Business
1.3 Introduction to Financial Statements
1.4 The Accounting Equation
1.5 Financial Statement Example

2.1 Overview of the Accounting Cycle and Conceptual Framework
2.2 Identify Business Transactions
2.3 Record Business Transactions
2.4 Prepare T-Accounts
2.5 Prepare Trial Balance

3.1 Adjusting Entries
3.2 The Adjustment Process
3.3 Adjusting Entries and Impact on the Accounting Equation
3.4 Preparing an Adjusted Trial Balance
3.5 Preparing Financial Statements

4.1 Introduction to Closing Entries for a Business
4.2 Prepare and Post Closing Entries
4.3 Prepare a Post-Closing Trial Balance

5.1 Cash and Liquidity
5.2 Fraud and Internal Controls
5.3 Ratios, Audits, and Earnings Management

6.1 Revenue Recognition, Sales, and Receivables
6.2 Sales Discounts, Sales Returns and Allowances, and Freight-Out
6.3 Accounting for Bad Debt Under the Allowance Method
6.4 Receivables Ratios
6.5 Notes Receivable

7.1 Merchandising and Inventory
7.2 Purchases of Inventory
7.3 Cost of Goods Sold and Ending Inventory
7.4 Ratios Related to Inventory

8.1 Tangible and Intangible Assets
8.2 Acquisition of Fixed Assets
8.3 Usage of Fixed Assets – Depreciation
8.4 Accounting for Intangible Assets
8.5 Disposal of Fixed Assets and Other Special Issues Related to Long-Term Assets
8.6 Ratios Related to Long-Term Assets

9.1 Overview of Liabilities
9.2 Account for Different Liabilities
9.3 Ratios Related to Long-Term Liabilities

10.1 Corporations and Stockholders
10.2 Contributed Capital
10.3 Earned Capital
10.4 A Closer Look: The Statement of Stockholders’ Equity
10.5 Ratios Related to Stockholders’ Equity

11.1 A Closer Look: The Statement of Cash Flows
11.2 Preparing the Statement of Cash Flows
11.3 Free Cash Flow

12.1 Financial Statement Analysis in Context
12.2 Ratio Analysis

Have questions?