{"product_id":"basics-of-financial-accounting","title":"Basics of Financial Accounting","description":"\u003cdiv class=\"ebsi-team-licence-note\"\u003e\u003cp\u003e\u003cstrong\u003eBuying for a team?\u003c\/strong\u003e\u003cbr\u003eChoose 5 or 10 licences to purchase access for multiple learners at a reduced per-person rate. After purchase, eBSI will contact you to confirm the learner details and arrange course access for each participant.\u003c\/p\u003e\u003c\/div\u003e\n\u003c!-- ebsi-sales-wrapper --\u003e\u003cdiv class=\"ebsi-sales-wrapper\"\u003e\n\u003cp\u003e\u003cstrong\u003eDevelop practical knowledge and confidence in Basics of Financial Accounting.\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eThis course will introduce the learner to the important aspects of financial accounting and his\/her related responsibilities at the financial institution. The course will familiarize the learner with crucial business and financial terms and their definitions and how to apply them to work at the financial institution. Upon completing this course, the learner will be able to:\u003c\/p\u003e\n\u003ch3\u003eWhy this course matters\u003c\/h3\u003e\n\u003cp\u003eThis course turns the subject into practical, structured learning you can apply in real business and workplace situations. It is designed to help you move beyond definitions and understand how the ideas, tools and decisions covered in the course fit together.\u003c\/p\u003e\n\u003ch3\u003eWhat you will gain\u003c\/h3\u003e\n\u003cul\u003e\n\u003cli\u003eBuild a practical understanding of the key concepts covered in Basics of Financial Accounting.\u003c\/li\u003e\n\u003cli\u003eRecognise where the topic applies in real workplace or business situations.\u003c\/li\u003e\n\u003cli\u003eApply the methods and good-practice approaches covered in the course with greater confidence.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003ch3\u003eWho is this course for?\u003c\/h3\u003e\n\u003cp\u003eThis course is suitable for professionals, managers, business owners and learners who want practical knowledge they can apply in real workplace situations.\u003c\/p\u003e\n\u003ch3\u003eCourse at a glance\u003c\/h3\u003e\n\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eStudy time:\u003c\/strong\u003e approximately 2 hours.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eFormat:\u003c\/strong\u003e self-paced online learning.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eProfessional development:\u003c\/strong\u003e CPD course.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cp\u003e\u003cspan style=\"text-decoration: underline;\"\u003e\u003cstrong\u003eCourse Description\u003c\/strong\u003e\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003eSeat Time: 2hrs - Desc:\u003c\/p\u003e\n\u003cp\u003eThis course will introduce the learner to the important aspects of financial accounting and his\/her related responsibilities at the financial institution. The course will familiarize the learner with crucial business and financial terms and their definitions and how to apply them to work at the financial institution. Upon completing this course, the learner will be able to:\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eRecognize and use the 5 C’s of Credit when analyzing customers.\u003c\/li\u003e\n\u003cli\u003eProperly maintain various financial statements, including income statements and balance sheets.\u003c\/li\u003e\n\u003cli\u003eUnderstand the importance and relevance of IFRS and GAAP to the financial institution.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cul\u003e\u003c\/ul\u003e\n\u003cul style=\"padding: 0px; margin: 0px 0px 15px 20px; color: #686868; font-family: lora, Verdana, Helvetica, Arial, sans-serif; font-size: 14px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;\"\u003e\u003c\/ul\u003e\n\u003ch5\u003e\u003cu\u003e\u003cstrong\u003eCourse Topics\u003c\/strong\u003e\u003c\/u\u003e\u003c\/h5\u003e\n\u003cp\u003e\u003cstrong\u003eT1. Accounting and its Importance:\u003c\/strong\u003e This topic demonstrates the importance of accounting and how accounting information is typically used. This topic also includes different methods of accounting.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eT2. Double Entry Accounting:\u003c\/strong\u003e This topic will provide the learner with a brief history of double entry accounting, the advantages of the method, and an example of how a transaction would be calculated using double entry accounting.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eT3. Key Financial Terms and Definitions:\u003c\/strong\u003e This topic will provide the learner with commonly used terms and organizations associated with financial accounting.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eT4. Financial Statement Basics:\u003c\/strong\u003e This topic will provide the learner with fundamental information regarding financial statements, including an overview of the bookkeeping process, and the journalizing and posting process.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eT5. The Balance Sheet:\u003c\/strong\u003e This topic will demonstrate how assets, liabilities, and equity are used in the accounting equation, and will provide an example of a balance sheet.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eT6. The Income Statement:\u003c\/strong\u003e This topic will provide the learner with information regarding different elements that are contained in an income statement, and provides examples of a single-step income statement and a multi-step income statement.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eT7. The Cash Flow Statement:\u003c\/strong\u003e This topic will familiarize the learner with sections included in a cash flow statement. This topic will also demonstrate how a cash flow statement is calculated using a hypothetical business scenario that covers three months of transactions.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eT8. GAAP:\u003c\/strong\u003e This topic provides the learner with a brief history of the U.S. Generally Accepted Accounting Principles (GAAP), and demonstrates why the U.S GAAP is important. This topic also ensures that the learner understands the function of the IFRS and provides a list of countries that use it.\u003c\/p\u003e\n\u003c!-- ebsi-cross-sell --\u003e\u003cdiv class=\"ebsi-cross-sell\"\u003e\n\u003ch3\u003eContinue your learning\u003c\/h3\u003e\n\u003cp\u003e\u003cstrong\u003ePart of this learning pathway:\u003c\/strong\u003e \u003ca href=\"\/collections\/bankers-academy-banking-financial\"\u003eBanking \u0026amp; Finance\u003c\/a\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eLearners also take:\u003c\/strong\u003e \u003ca href=\"\/products\/basics-of-financial-accounting-ii\"\u003eBasics Of Financial Accounting II\u003c\/a\u003e  |  \u003ca href=\"\/products\/basics-of-financial-planning\"\u003eBasics of Financial Planning\u003c\/a\u003e  |  \u003ca href=\"\/products\/teller-basics\"\u003eTeller Basics\u003c\/a\u003e\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c!-- ebsi-academy-breadcrumb --\u003e\n\u003chr\u003e\u003cdiv class=\"ebsi-course-pathway\"\u003e\n\u003cp\u003e\u003cstrong\u003eCourse pathway:\u003c\/strong\u003e \u003ca href=\"\/pages\/welcome-to-ebsi-banking-academy\"\u003eeBSI Banking Academy\u003c\/a\u003e \u0026gt; \u003ca href=\"\/collections\/bankers-academy-banking-financial\"\u003eBanking \u0026amp; Finance\u003c\/a\u003e \u0026gt; Basics of Financial Accounting\u003c\/p\u003e\n\u003cp\u003eExplore more \u003ca href=\"\/collections\/bankers-academy-banking-financial\"\u003eBanking \u0026amp; Finance\u003c\/a\u003e training or return to the \u003ca href=\"\/pages\/welcome-to-ebsi-banking-academy\"\u003eeBSI Banking Academy\u003c\/a\u003e.\u003c\/p\u003e\n\u003c\/div\u003e","brand":"Bankers Academy","offers":[{"title":"Individual Licence (EUR 60)","offer_id":40876811649202,"sku":"BA-176","price":66.0,"currency_code":"USD","in_stock":true},{"title":"5 Licences (EUR 50 each)","offer_id":59260504047964,"sku":null,"price":275.0,"currency_code":"USD","in_stock":true},{"title":"10 Licences (EUR 40 each)","offer_id":59260504080732,"sku":null,"price":440.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0077\/7604\/3071\/products\/BA-176BasicsofFinancialAccountingCOVER.png?v=1633297153","url":"https:\/\/www.ebsiamericas.com\/products\/basics-of-financial-accounting","provider":"eBSI Export Academy","version":"1.0","type":"link"}