Fundamentals of Finance & Accounting Course Overview

Target Audience for Fundamentals of Finance & Accounting

Koenig Solutions' Fundamentals of Finance & Accounting course offers foundational knowledge for professionals managing financial records and statements.

• Non-finance professionals seeking to understand finance basics
• Small business owners managing their own accounting
• New finance or accounting graduates
• Accountants and bookkeepers wanting a refresher course
• Office administrators or managers responsible for financial oversight
• Entrepreneurs planning to handle their financial affairs
• Finance professionals needing to brush up on accounting principles
• Employees aiming to transition into finance roles
• Managers who oversee budgeting and financial planning
• Individuals interested in personal finance management skills

Learning Objectives - What you will Learn in this Fundamentals of Finance & Accounting?

Introduction to Learning Outcomes:

This course provides foundational knowledge in finance and accounting, focusing on core principles, accounting concepts, financial statements, and fundamental financial analysis skills.

Learning Objectives and Outcomes:

• Understand the roles and types of accounting including financial, managerial, and tax accounting.
• Grasp the underlying principles of accounting and the double-entry system for recording transactions.
• Learn the basic rules of accounting and how they govern the recording of financial data.
• Become familiar with essential accounting terminology and their definitions to effectively communicate financial information.
• Understand the accounts payable process, including the lifecycle of vendor transactions and related journal entries.
• Gain insights into the accounts receivable process and the recording of sales cycle journals.
• Develop the skill to reconcile bank statements and understand the reasons for discrepancies between bank and company records.
• Learn about the lifecycle of fixed assets from acquisition to disposal and the accounting treatment thereof.
• Understand the process of rectifying errors in accounting records and the importance of accuracy in Financial Reporting.
• Interpret financial statements including balance sheets, income statements, and cash flow statements to assess an organization's financial health.
• Acquire basic knowledge of budgeting, including the preparation and components of a budget.
• Learn the fundamentals of cost accounting, including various costing methods and their applications in different industries.