Financial Accounting and Reporting (FA&R) Course in US
Master financial accounting & corporate reporting
24 hours of in-depth training
Engage in real-world financial scenarios
Get guided sessions from industry experts
Create balance sheets & cash flow statements
Get prepared for the FA&R exam
Both online & offline learning modes available
4.9/53868 EnrolledEnrolled Learners
4.9/53868 EnrolledEnrolled Learners
Overview
What our training includes:
- Interpret key financial statements like income statements, balance sheets and cash flow statements
- Provides skills to prepare accurate financial statements for informed decision-making
- Develop a thorough understanding of financial reporting and its role in showcasing a company’s financial health
- Offers clarity on modern financial reporting trends and practices
- Earn the ability to record and report diverse business transactions effectively
- Keeps you updated with the latest knowledge in the evolving accounting field
Upcoming sessions
Curriculum
1
The financial accounting cycle
2
Four or five key financial statements
3
Management uses financial statements
4
Relationship among financial statements
5
Essential notes and disclosures to the financial statements
6
Basis of preparation
7
Accounting policies
8
Related parties' transactions
9
Contingencies
10
Risk management
11
Subsequent event
12
Simulation 1: Reporting on general information, the basis of preparation and significant accounting policies
1
Revenue and expense recognition: applying the accrual basis
2
Matching principle between revenues and expenses
3
Other comprehensive income components
4
Earnings per share reporting
5
Simulation 2: Mapping accounts and preparing income statements using Excel
6
Simulation 3: Creating Income Statement Disclosures
1
Minimum presentation requirements of balance sheet accounts
2
Definitions of accounts in the balance sheet
3
Correct presentation for a statement of owners' equity
4
Simulation 4: Mapping accounts and preparing equity and balance sheets using Excel
1
Exploring the three sections of a cash flow statements
2
Direct versus indirect method of cash flow statement preparation
3
Linking cash flow statements to notes
1
Accruals and unearned revenues
2
Prepayments and deferrals
3
Accounting estimates
1
Measuring and reporting accounts receivable
2
Estimating and accounting for bad debts
3
Costs to be capitalized in inventory value
4
Inventory cost flow assumptions
5
Presenting inventory at a lower cost or net realizable value
6
Simulation 5: Hands-on preparation of disclosures on current assets
7
Classifying, measuring and recording long-lived assets
8
Repairs, maintenance, and additions to long-lived assets
9
Depreciation and amortization
10
Disposal of long-lived assets
11
Accounting and reporting for intangibles
12
Accounting for investments
13
Passive investment, exercising significant influence or control
14
Types of equity and debt investments
15
Simulation 6: Hands-on preparation of disclosures on non-current assets
16
Definitions and classification of liability accounts
17
Types of ownership and stock
18
Accounting for capital and dividends
19
Simulation 7: Required disclosures on long-term obligations and equity
20
Wrapping it up: Linking notes to the face of financial statements
Meet your Trainer
Dr. Srinivas, PhD., MSc., MBA, LLB, CMA, CPA, PMP
Dr. Srinivas Reddy is a skilled Corporate Trainer with a solid finance background and diverse credentials. He delivers effective learning solutions for finance and accounting teams, specializing in financial, cost, and tax accounting.
Dr. Reddy, a resourceful trainer, creates engaging and effective learning environments. He is dedicated to assessing training needs and closely monitors progress to provide relevant guidance, boosting participants' skills and productivity.
Dr. Reddy is not just a corporate trainer; he’s also deeply involved in community service. His commitment to both personal and professional growth makes him stand out.
Core Competencies:
- Exceptional competency in the finance domain
- Outstanding communication & presentation skills
- Strong teaching proficiency
- Expertise across different verticals
Professional Qualifications:
- Certified Public Accountant (CPA), The American Institute of Certified Public Accountants, U.S.A
- Certified Management Accountant (CMA), The Institute of Management Accountants, USA
- Certified Fraud Examiner (CFE), Association of Fraud Examiners, USA
- Certified Cost Accountant (ICWA), The Institute of Cost and Works Accountants of India, India
- Project Management Professional (PMP), Project Management Institute
Learning Outcomes
Upon finishing the course, you will be able to do the following:
1
Understand essential financial accounting principles thoroughly
2
Learn to prepare accurate financial statements for regular reporting
3
Develop the ability to critically assess and evaluate financial data
4
Gain proficiency in proper formatting and disclosure requirements
5
Acquire insights to produce comprehensive integrated reports
6
Implement International Financial Reporting Standards (IFRS) in real-world scenarios
Learners Point Certificate
Earn a Course Completion Certificate, an official Learners Point credential that confirms that you have successfully completed a course with us.
Prerequisites
The prerequisites to enrol for the Financial Accounting and Reporting Course in US are as follows:
- Earn a Bachelor's in accounting or a related field
- Complete at least 1 internship
- Gain experience up to 3 years
- Pursue an advanced degree
Overall ratings by our students
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Frequently asked questions
The Financial Accounting and Reporting Course in the US is a professional training program that focuses on the principles, standards and practices used to record, summarise and report financial transactions. Our course provides the basic knowledge required for roles in accounting, auditing and financial analysis.
The FA&R Course in the US covers a wide set of topics designed to build your expertise in preparing, analysing and reporting financial information. These topics are:
1. Introduction to financial accounting
2. Preparation of financial statements
3. Revenue recognition
4. Asset accounting
5. Liabilities and equity accounting
6. Adjusting and closing entries
7. Cash flow statement preparation
8. Financial analysis and ratios
The Financial Accounting and Reporting (FA&R) Training in the US introduces a range of modern financial tools and software that enhance your ability to manage and analyse financial data effectively. These tools are:
1. Microsoft Excel
2. QuickBooks
3. Oracle Financials
4. Oracle Cloud ERP
5. SAP FICO
6. NetSuite ERP
7. BlackLine
In the US, Financial Accounting and Reporting skills are highly valued across nearly every major industry, as they form the backbone of strategic decision-making. These industries include the following:
1. Banking and Financial Services
2. Public Accounting and Auditing
3. Manufacturing and Industrial Goods
4. Retail and E-commerce
5. Healthcare and Pharmaceuticals
Yes, the Financial Accounting and Reporting (FA&R) course can absolutely help you get a job in accounting or finance in the US. Our course is perfect choice if you are aiming for roles that require strong knowledge of financial principles and reporting accuracy. Our course shows that you have the technical know-how to take on financial responsibilities and communicate financial insights.
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