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<|im_title>Financial Accounting
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Financial accounting is the process of recording, classifying, and summarizing financial transactions to provide information that is useful for decision-making. It includes the preparation of financial statements, such as the income statement, balance sheet, and cash flow statement.
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<|im_title>Accounting Cycle
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The accounting cycle is a series of steps that financial accountants follow to record and summarize financial transactions. The cycle begins with the recording of cash and cash equivalents, then moves on to the recording of sales, purchases, and expenses. Finally, the cycle ends with the preparation of financial statements.
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<|im_title>Financial Statements
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Financial statements are a set of financial reports that are used by investors, creditors, and other users to make informed decisions about a company. The primary financial statements are the income statement, balance sheet, and cash flow statement.
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<|im_title>Financial Analysis
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Financial analysis is a process of using financial data to identify trends and patterns that can help a company make informed decisions. Financial analysts use a variety of tools and techniques to perform financial analysis, including financial modeling, statistical analysis, and data visualization.
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<|im_title>Accounting Standards
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Accounting standards are sets of rules and guidelines that financial accountants must follow when preparing financial statements. The primary accounting standards in the United States are the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB).
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<|im_title>Internal Controls
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Internal controls are a set of policies and procedures that a company can implement to help prevent errors and fraud. Internal controls include controls over financial reporting, data security, and employee training.
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<|im_title>Financial Reporting
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Financial reporting is the process of preparing and presenting financial statements to investors, creditors, and other users. Financial reports provide information about a company's financial performance, position, and changes in financial position.
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<|im_title>Accounting Software
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Accounting software is a computer program that financial accountants can use to record, manage, and analyze financial transactions. Accounting software can help accountants to automate many of the tasks involved in financial accounting, such as data entry, report generation, and financial analysis.
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<|im_title>Financial Management
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Financial management is the process of making decisions about the company's financial resources. Financial managers use a variety of tools and techniques to make financial decisions, including financial modeling, risk management, and capital budgeting.
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<|im_title>Accounting Ethics
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Accounting ethics is the study of ethical principles and standards that financial accountants must follow. Accounting ethics is important to ensure that financial statements are prepared in a fair and transparent manner.
The assessment is done via submission of assignment. There are no written exams.