FINANCIAL ACCOUNTING

Course Description:  This course covers the information needed to create financial statements, including trial balances, t-accounts, balance sheets, and various other accounts and their respective functions.  The 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.  Students must have access to Microsoft Excel to complete the exercises in this course.

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 and income statement

• 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

• Identify the basic assumptions, principles, and modifying conventions of accounting

• Describe how inflation affects the information presented in conventional financial statements

Textbook:  Financial Accounting, 9th Edition, 2006. 

Credit:  AIB:  3.0; ICB:  57.75 CLBB or CTFA (PFI); ACE:  3.0

This course is available in the following formats:

• AIB Online Instructor-led course
  Length: 16 weeks;  Price: $485 members; $585 non-members
  Course Start Dates
  Enroll Online ; Print Registration Form
   

•  Resources for in-bank training

For further information, call NYBA Education at (212) 297-1679.