The Accountant

The Accountant includes

The Accountant

| skills-certificate

Financial Accounting Review

| Completion Certificate

1

Hour

3

Practical exercises

Taken from Accounting Essentials, this free taster course reviews the fundamentals of the 3 key financial statements, including their composition and how to interpret them accurately.

Financial Accounting Review

34 video minutes

3 excel exercises

Video minutes 34

Excel Exercises 3

• Making entries and ensuring the balance sheet balances
• Preparing a balance sheet
• Preparing an income statement from the entries to retained earnings
• Preparing a cash flow statement from the entries to the cash account
• A review of the different categorizations on the income statement, balance sheet, and the cash flow statement

Accounting Essentials

| Completion Certificate

12

Hours

75

Practical exercises

Develop the skills that underpin a huge range of finance roles. Quickly and confidently interpret financial data and statements, evaluate them and use the calculated information to build high-quality reports.

Accounting Foundations

72 video minutes

0 excel exercises

Video minutes 72

Excel Exercises 0

• The purpose and different types of accounting (financial versus management accounting)
• Users of financial statements
• Introduction to the three main financial statements and explanation of key elements
• Overview of the contents of financial reports
• Introduction to accounting standards
• The accounting equation
• Explanation of accrual accounting, the matching principle, and capitalization

Financial Accounting Review

34 video minutes

3 excel exercises

Video minutes 34

Excel Exercises 3

• Making entries and ensuring the balance sheet balances
• Preparing a balance sheet
• Preparing an income statement from the entries to retained earnings
• Preparing a cash flow statement from the entries to the cash account
• A review of the different categorizations on the income statement, balance sheet, and the cash flow statement

Income Statements

59 video minutes

15 excel exercises

Video minutes 59

Excel Exercises 15

• Revenue recognition issues
• Cost recognition issues
• Identifying non-recurring items from the income statement, the MD&A, the notes to the accounts and the financial statement press release
• Calculating EBIT and EBITDA for the historical year, and on an LTM basis
• Understand the difference between basic and diluted earnings per share and calculate recurring diluted earnings per share
• Review company profitability compared to its peer group

Earnings Per Share

29 video minutes

11 excel exercises

Video minutes 29

Excel Exercises 11

• Basic EPS calculations including weighted average shares
• Dilutive securities: options (treasury method) and convertibles (as if converted)
• Calculating recurring EPS

Working Capital

56 video minutes

13 excel exercises

Video minutes 56

Excel Exercises 13

• Inventory accounting including the impact on EBIT of LIFO and FIFO accounting choices (where relevant)
• Accounts receivable and bad debts (identifying when companies are manipulating sales)
• Accounts payable and accruals and the difference between them from a due diligence perspective
• Other items including taxes payable, deferred revenue, and pre-paid items
• Working capital and operating working capital and the cash impact of changes in operating working capital
• Credit implications of working capital movements
• Day ratios

Non-Current Assets

39 video minutes

11 excel exercises

Video minutes 39

Excel Exercises 11

• Gross PP&E, accumulated depreciation, depreciation expense and net PP&E
• Building a simple forecast of fixed assets
• Establishing the age of a company’s fixed asset base
• Finite, and infinite intangibles including goodwill
• A review of key methods of accounting for financial investments
• At fair value through the income statement
• Available for sale
• Associate (equity method) accounting

Capital Structure

50 video minutes

14 excel exercises

Video minutes 50

Excel Exercises 14

• Debt issues and repurchases
• Simple yield to maturity and all in cost calculations and understanding Original Issuer Discounts
• Calculating net debt
• Equity issuance and repurchases
• The difference between authorized, issued and outstanding shares and multiple share classes
• Other capital items: preference shares and convertible bonds
• Leverage ratios
• Debt liability maturity analysis

Accounting Ratios

41 video minutes

5 excel exercises

Video minutes 41

Excel Exercises 5

• Profitability ratios, including margins
• Liquidity ratios, including operating working capital
• EBIT and EBITDA for the historical year, and on an LTM basis
• Leverage ratios, including net debt and interest coverage
  Asset ratios

Cash Flow Statements

25 video minutes

3 excel exercises

Video minutes 25

Excel Exercises 3

• Understanding how to categorize cash flows between operating, investing, and financing
• Deriving a cash flow statement from two balance sheets and an income statement
• Deriving a balance sheet from a cash flow statement and an income statement
• Different cash flow statement presentations

M&A Accounting

| Completion Certificate

3

Hours

26

Practical exercises

Advance your understanding of financial accounting methods used predominantly in mergers and acquisitions, including goodwill, consolidation, non-controlling interests and more.

Equity Method Investments

9 video minutes

5 excel exercises

Video minutes 9

Excel Exercises 5

• What are equity method investments?
  • Equity affiliates/associates
  • Joint ventures
• Equity method accounting
  • Income statement
  • Balance sheet
  • Cash flow statement
  • Financial statement integration

Intro to Full Consolidation

68 video minutes

21 excel exercises

Video minutes 68

Excel Exercises 21

• M&A accounting overview
• Balance sheet consolidation
• Sources and uses of funds
• Goodwill calculation
• Income statement consolidation
• Non controlling interests – NCI