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Financial accounting is a specific branch of accounting involving a process of recording, summarizing, and reporting the myriad of transactions resulting …

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Course Access

4 Months

No. of Students Enrolled

12

Total Course Time

10 hours, 48 minutes

Last Updated

February 2, 2024

Certification
Category

Financial accounting is a specific branch of accounting involving a process of recording, summarizing, and reporting the myriad of transactions resulting from business operations over a period of time. Knowing a company’s financial health helps leadership make informed decisions regarding employee payroll, expansion, capital investment, development of new technologies, budgeting for particular departments, and more. By contrast, a lack of understanding of financial health may lead to poor decisions that can result in a company overextending itself — expanding too quickly or investing in new facilities it can’t afford. Businesses use financial accounting to present their financial standing to third parties such as regulators, auditors, suppliers, and investors. This helps companies meet statutory and fiscal requirements, allows for in-depth performance analysis, and provides information to creditors and shareholders that can increase investment. Learning financial accounting enables professionals to play a key role in keeping companies legally compliant, attracting investors, and helping executives make clear-eyed decisions about future plans.

Course Currilcum

    • FINANCIAL ACCOUNTING SCHEME OF WORK FOR SS3 1ST TERM Details 00:45:00
    • Acad Week 1: Security and Exchange Commission (SEC) Details 00:45:00
    • Acad Week 2: Hire Purchase Details 00:45:00
    • Acad Week 3: Consignment Account Details 00:45:00
    • Acad Week 4: Contract Account Details 00:45:00
    • Acad Week 5: Department Account Details 00:45:00
    • Acad Week 6: Branch Accounting Details 00:45:00
    • Acad Week 7: Public Sector Accounting Details 00:45:00
    • Acad Week 8: Preparation of Cost Budget Details 00:45:00
    • Financial Accounting SS3 2nd Term Scheme of Work Details 00:20:00
    • ACAD WEEK 2: INTERPRETATION OF ACCOUNTS USING SIMPLE RATIO Details 00:45:00
    • ACAD WEEK 4: Accounting Ratio Details 00:45:00
    • ACAD WEEK 5: CASH BOOK Details 00:45:00
    • ACAD WEEK 7: Partnership Account Details 00:45:00
    • ACAD WEEK 8: Accounts of nonprofit making organization Details 00:43:00

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