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Course Description

This course will enable you to interpret the financial statement line items that capture the most central and important operations of any enterprise: the revenue and other cash inflows earned from customers and the related expenses or losses.

You are required to have completed the following courses or have equivalent experience before taking this course:

  • Foundations of Financial Statements
  • Accruals and Cash Flows

Faculty Author

Robert Bloomfield

Benefits to the Learner

  • Determine if revenue will be received for a transaction based on meeting the legal qualifications for consideration
  • Record revenue for a transaction accurately over time by identifying the five steps of revenue recognition
  • Analyze a transaction and performance obligations
  • Allocate transaction prices by applying a deferred revenue schedule
  • Accurately account for discounts, returns, and allowances within financial statements over time
  • Adjust financial statements for accounts receivable and bad debts
  • Adjust financial statements for the aging of accounts receivable to report on how much and how long a firm has been owed revenue
  • Discuss and identify different forms of measure management associated with revenue and receivables
  • Distinguish between physical and accounting flows of inventory and identify costs that are and are not categorized with inventory
  • Compare and contrast the “Last In, First Out (LIFO)” method of inventory to the “First In, First Out (FIFO)” method, outlining the circumstances in which each may be beneficial
  • Create entries for the life cycle of inventory under a variety of accounting flow assumptions
  • Explain and identify different forms of measure management associated with inventory

Target Audience

  • Individuals seeking to enter the field of accounting or auditing
  • Managers involved in financial forecasting and investments
  • Entrepreneurs seeking investors and/or investment opportunities
  • Pre-MBA students interested in gaining an accounting background

Applies Towards the Following Certificates

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Enroll Now - Select a section to enroll in

Type
2 week
Dates
Apr 29, 2026 to May 12, 2026
Total Number of Hours
14.0
Course Fee(s)
Standard Price $1,199.00
Type
2 week
Dates
May 27, 2026 to Jun 09, 2026
Total Number of Hours
14.0
Course Fee(s)
Standard Price $1,199.00
Type
2 week
Dates
Jun 24, 2026 to Jul 07, 2026
Total Number of Hours
14.0
Course Fee(s)
Standard Price $1,199.00
Type
2 week
Dates
Jul 22, 2026 to Aug 04, 2026
Total Number of Hours
14.0
Course Fee(s)
Standard Price $1,199.00
Type
2 week
Dates
Aug 19, 2026 to Sep 01, 2026
Total Number of Hours
14.0
Course Fee(s)
Standard Price $1,199.00
Type
2 week
Dates
Sep 16, 2026 to Sep 29, 2026
Total Number of Hours
14.0
Course Fee(s)
Standard Price $1,199.00
Type
2 week
Dates
Oct 14, 2026 to Oct 27, 2026
Total Number of Hours
14.0
Course Fee(s)
Standard Price $1,199.00
Type
2 week
Dates
Nov 11, 2026 to Nov 24, 2026
Total Number of Hours
14.0
Course Fee(s)
Standard Price $1,199.00
Type
2 week
Dates
Dec 09, 2026 to Dec 22, 2026
Total Number of Hours
14.0
Course Fee(s)
Standard Price $1,199.00
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