Global Financial Accounting (GFA)

Course Description

Welcome to Global Financial Accounting (GFA), a comprehensive course designed to provide university students with a solid foundation in financial accounting principles. This course covers the entire accounting cycle, from recording transactions to preparing financial statements. Students will learn the fundamentals of bookkeeping, journal entries, and ledger management, as well as the intricacies of balance sheets, income statements, and cash flow statements.

Course Objectives

  • Understand the fundamental principles of financial accounting.
  • Master the accounting cycle and the preparation of accurate financial statements.
  • Gain proficiency in bookkeeping, journal entries, and ledger management.
  • Learn to prepare and analyze balance sheets, income statements, and cash flow statements.

Benefits for University Students

  • Enhanced Understanding: This course deepens your understanding of financial accounting, complementing your university studies and helping you excel in exams.
  • Practical Skills: Gain practical skills in accounting that are essential for academic success and professional readiness.
  • Career Preparation: Prepare for careers in accounting, finance, and related fields with a strong foundation in financial accounting principles.
  • Certification: Receive a certificate upon completion, recognizing your mastery of the course content.

Course Outline

  1. Introduction to Financial Accounting
    • Overview of accounting principles and concepts
    • The role of accounting in business
  2. The Accounting Cycle
    • Recording transactions
    • Posting to the general ledger
    • Preparing trial balances
  3. Financial Statements
    • Preparing balance sheets
    • Income statements and cash flow statements
    • Analyzing financial statements
  4. Bookkeeping and Journal Entries
    • Detailed bookkeeping practices
    • Managing journal entries and ledgers
  5. Advanced Topics in Financial Accounting
    • Handling complex transactions
    • Accounting for assets, liabilities, and equity

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General Disclaimer

The educational content provided is intended for informational purposes only. Certificates issued upon course completion recognize mastery of content but are not equivalent to formal academic degrees.