Horizontal Analysis

Learners: 501

Instructor: Mutaz Alshoweiki

Duration: 7.93

This course provides a comprehensive overview of Accounting for proprietorship companies. Learn the basics from scratch, and then all the way up to merchandising operations. Understand the U.S. GAAP Accounting standards, and practice with exercises and quizzes. With 15+ years of experience, the instructor will guide you step by step through topics such as inventory costing, cash and cash equivalent, trade receivables, plant assets, natural resources, intangibles, and financial analysis. ▼▲

Course Feature Course Overview Pros & Cons Course Provider Discussion and Reviews

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Course Feature

Cost:

Free Trial

Provider:

Skillshare

Certificate:

No Information

Language:

English

Course Overview

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Updated in [July 20th, 2023]

What skills and knowledge will you acquire during this course?
By taking this course, students will acquire skills and knowledge in Horizontal Analysis, a key component of Accounting. They will learn about the basics of Accounting, including the identification and recording of financial events, as well as the reporting and analysis of financial data. The course covers various topics such as the Accounting equation, debits and credits, journalizing, posting, trial balance, adjusting entries, closing entries, financial statements, inventory purchases and sales, inventory costing methods, cash and cash equivalents, receivables, plant assets, natural resources, intangibles, and financial analysis. Through exercises and quizzes, students will have the opportunity to practice and test their understanding. By the end of the course, students will have a comprehensive understanding of Horizontal Analysis and its application in Accounting.

How does this course contribute to professional growth?
This course on Horizontal Analysis contributes to professional growth by providing students with a comprehensive understanding of this key component of Accounting. It covers various topics related to Accounting, including financial events identification, recording, reporting, and analysis. The course is based on U.S. GAAP Accounting standards and the instructor's extensive knowledge and experience in the field. Through exercises and quizzes, students can practice and test their understanding of Horizontal Analysis, enabling them to apply this knowledge in their professional careers.

Is this course suitable for preparing further education?
Based on the information provided, it can be concluded that this course is suitable for preparing further education in the field of Accounting.

Course Syllabus

Course Intro

What is Accounting?

Users of Financial Information

What is U.S. GAAP?

Economic Entity, Monetary Unit, Going Concern and Periodicity

Accrual Basis, Historical Cost, Conservatism and Expense Recognition

Revenue Recognition, Full Disclosure, Materiality and Objectivity

Business Legal Forms

Accounting Equation

Transaction Analysis Using Accounting Equation

Debits and Credits

Introduction to Financial Statements

Chart of Accounts

What is Accounting Cycle?

Journalizing

Posting to General Ledger

Using Subsidiary Ledgers

Trial Balance

Accrual vs Cash Basis

Why Adjusting Entries?

Structure of Adjusting Entries

Prepaid Expenses

Unearned Revenues

Accrued Expenses

Accrued Revenues

Adjusted Trial Balance

Closing the Books

Closing Entries

Post Closing Trial Balance

Reversing Entries

Classified Balance Sheet

Exercise One Introduction

Exercise One Journal Entries

Exercise One Posting to General Ledger

Exercise One The Trial Balance

Exercise One Adjusting Entries

Exercise One Adjusted Trial Balance

Exercise One Financial Statements

Exercise One Closing Entries

Exercise One Post Closing Trial Balance

Introduction to Merchandising Operations

Perpetual vs Periodic Systems

Accounting for Inventory Purchases

Accounting for Inventory Sales

Closing Entries under Perpetual System

Multiple Step Income Statement

Importance of Inventory Valuation

Specific Identification

First in First out FIFO

Last in First out LIFO

Weighted Average

Income Statement Effects

Lower of Cost or Market

Exercise Two Introduction

Exercise Two FIFO Method

Exercise Two LIFO Method

Exercise Two Moving Average Method

Exercise Two Journal Entries

Exercise Two Multiple Step Income Statement

What is Cash?

Cash Equivalent

Restricted Cash

Bank Overdrafts

Petty Cash Fund

Using Bank Account

Bank Reconciliation

Exercise Three Introduction

Exercise Three Bank Reconciliation

Exercise Three Journal Entries

Types of Receivables

Direct Write off Method

The Allowance Method

Estimating Bad Debts

Selling Receivables

Credit Cards Sales

Notes Receivable

Recording Notes Receivable

Exercise Four Introduction

Exercise Four Aging Report

Exercise Four Adjusting Entry

The Cost of Plant Assets

What is Depreciation?

Straight Line Method

Units of Activity Method

Declining Balance Method

Change in Estimate for Depreciation

Expenditures during Useful Life

Retirement of Plant Assets

Sale of Plant Assets

Natural Resources

Intangible Assets

Exercise Five Introduction

Exercise Five Journal Entries

Exercise Five Balance Sheet

Importance of Financial Statements Analysis

Vertical Analysis

Horizontal Analysis

Pros & Cons

Pros Cons

Engaging and Relevant Course Content: Users have praised the course for its engaging and relevant content. This indicates that the course material is well-designed and effectively covers the necessary topics related to horizontal analysis. Users found the content interesting and were able to apply their learning to real-world scenarios.
Helpful and Accommodating Instructor: The instructor of the course has been highly appreciated for being helpful and accommodating. This suggests that the instructor is responsive to students' queries and provides support throughout the learning process. Users felt comfortable reaching out to the instructor and received the assistance they needed.