Understanding the terms and jargons used in the financial newspapers and periodicals with respect to the performance of company is vital for various reasons including investment decision, trading strategy, return calculation etc. This program will provide an overview of some of the financial statements viz. Income Statement, Balance Sheet and Cash flow statements.
Overview of accounting – including
1. What is accounting ?
2. Need for accounting
3. Two types of accounting disciplines i.e. (a) Financial Accounting, (b) Managerial Accounting
4. Accounting standards (GAAP)
Some critical accounting concepts viz
1. Accrual basis vs. Cash basis
2. Amortization and depreciation
3. Receivables & Payables
Overview of financial statements – What are they and what are their main components
1. Balance Sheet
2. Income Statement
3. Statement of Cash flow