• Impact of specific business activities on financial statements
• In-depth understanding of the Balance Sheet, Income Statement, Cash Flow and Statement of Shareholder’s Equity Financial Statements 
• Accounting cycle
• Difference between cash and accrual accounting
• Audit Opinions
• Similarities and differences between International Financial Reporting Standards and U.S. GAAP 
• Review of footnotes; understanding and making use of financial statement disclosures
• Income statement presentation of income and expenses; reporting of extraordinary items and asset dispositions
• Revenue recognition principles
• Inventory methods; impact on cash flow and net income
• Property plant and equipment and intangible assets; depreciation and amortization methods
• Stock transactions, dividends and retained earnings
• Purchase accounting; the impact of business combinations
• Equity method of accounting for investments and joint ventures
• Accounting for operating and capital leases
• Deferred taxes, reconciliation between book and tax 
• Relevant reporting for international transactions and operations

A final course exam is included with this training.