Financial Accounting Syllabus

This course will teach you the fundamentals of financial accounting from the ground up. You will learn how to prepare a balance sheet, income statement, and cash flow statement, analyze financial statements, and calculate and interpret critical ratios. You will also learn the role of managerial judgment in choosing accounting estimates and methods. The course con- cludes with an introduction to forecasting and valuation.

Modules Case Studies Takeaways Key Exercises

• Cardullo’s Gourmet • Understand key accounting • Demonstrate how different Shoppe concepts, terms, and principles transactions impact the accounting The equation Accounting • Apple Inc. Equation • Quiz Module 1 Module • Bikram Yoga Natick

• Cardullo’s Gourmet • Understand where financial • Record business transactions as Shoppe statement information originates journal entries Recording Transactions • Bikram Yoga • Construct a trial balance

Module 2 Module Natick • Quiz

• Hipzone • Understand the content and • Construct the balance sheet and purpose of the income statement income statement • Green Mountain and balance sheet Financial Coffee Roasters • Quiz Statements • See how the trial balance is used Module 3 Module to create the balance sheet and income statement

• PepsiCo • Understand complex accounting • Record advanced business transactions and how they relate to transactions as journal entries • New Case (2021): accounting principles Mahindra Finance • Quiz Adjusting • Appreciate how to recognize, Journal Entries mitigate, and manage credit risks Module 4 Module • Recognize the impact of judgment and bias on financial statements and accounting practices

Modules Case Studies Takeaways Key Exercises

• Morgan Stanley • Understand how to construct and • Use the statement of cash flows to interpret the cash flow statement evaluate the financial health and life- The Statement • American Red cycle stage of a business of Cash Flows Cross • Recognize the differences between

Module 5 Module GAAP and IFRS standards for cash • Quiz flow statement creation

• Morgan Stanley • Evaluate company performance • Analyze ratios and use the DuPont using profitability, efficiency, Framework to evaluate the financial Analyzing leverage, and other ratios state and strategy of a business Financial Statements • Team Discussion Module 6 Module • Quiz

• Metropolis • Use financial forecasting to predict • Learn how to value a venture, project, Healthcare future revenue, expenses, and cash or investment opportunity flow • American Red • Optional: Practice preparing Cross • Understand key concepts and pro-forma financial statements, metrics in valuation, including time calculating and forecasting free cash Accounting for • New Case (2021): value of money, terminal value, flows, and performing a sensitivity the Future Estée Lauder net present value, internal rate of analysis in Excel

Module 7 Module return, and payback period • Quiz • Learn how companies account for leases—as a future obligation—and appreciate the impact of changes in lease accounting standards

Learning requirements: In order to earn a Certificate of Completion, participants must thoughtfully complete all 7 modules by stated deadlines and earn an average quiz score of 50% or greater.