Explains key concepts in financial reporting and accounting, such as accrual accounting, revenue recognition, and depreciation and amortization. This track also covers the roles in a finance department; the processes of accounting, financial reporting, and audits; and how to analyze a company’s annual report and financials.
The main difference between cash accounting and accrual accounting is how revenue and expenses are recognized. This course briefly explains these accounting methods and describes how revenue and expenses are recognized in accrual accounting.
An audit is the primary mechanism for providing confidence in the reliability of a company’s financial statements. This course explains the audit process, audit opinions and how audited financial statements are put together.