Financial Accounting

 

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AIB
FINANCIAL ACCOUNTING

Delivery Methods: 
Instructor-led online course -
AIB Online  
Length: 16 weeks; $485 members; $605 non-members
Course Start Dates     Enroll Online       Print Registration Form
Register one week prior to course start date.

Classroom Training - Textbooks
Purchase textbooks for in-bank or classroom training.  Call 212-297-1679 to discuss earning AIB credit for in-bank courses.

Course Description: 
Financial Accounting is best suited to individuals who have completed General Accounting of have previously taken a basic accounting course.  This course not only emphasizes the "how" of accounting, it also allows for application of concepts to real companies, and helps to develop the analytical and decision-making skills of the learner.  Topics range from the basics such as financial statement preparation to more advanced topics such as accounting for debt, equity, investments, cash flow, financial performance, and business consolidation.  This course emphasizes current practices of accounting procedures and includes coverage of the latest principles set forth by the Financial Accounting Standards Board (FASB).

Audience:  Bank personnel requiring a fundamental knowledge of accounting.  Participants must be comfortable using Microsoft Excel, and must have access to Excel to complete the course exercises.

Note: Given the level of difficulty of this course, it is recommended that you have already taken an online course AND it is suggested that you not enroll in other courses while taking this one.

Learning Objectives:  After successfully completing this program, you will be able to:

  • Describe the content and purpose of the balance sheet, income statement and the statement of cash flows
  • Compare the basic characteristics of accrual basis and cash basis accounting
  • Explain the full accounting cycle and prepare all required journal entries and adjustments
  • Outline the necessity of and features of internal controls
  • Describe the accounting for the issuance of debt and/or equity
  • Describe the accounting for investments, including business consolidation
  • Describe and use metrics for financial performance

Textbook:  Financial Accounting, 9th Edition, 2006, Houghton Mifflin 

Credit:  AIB: 3.0; ICB: 45 CLBB or CTFA/FPI

ACE College Credit Recommendation:  In the lower division baccalaureate/associate degree category, 3 semester hours in Accounting or Finance.

Questions:  Call NYBA Professional Development at (212) 297-1679 or elegg@nyba.com.

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