Assets And Liabilities Recognition

by London Training for Excellence

This course delves deep into the heart of financial accounting by focusing on assets and liabilities. Designed for those who aim to understand a company's financial health, it examines the different types of assets and liabilities, their importance in financial statements.

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img Duration

5 Days

Course Details

This course delves deep into the heart of financial accounting by focusing on assets and liabilities. Designed for those who aim to understand a company's financial health, it examines the different types of assets and liabilities, their importance in financial statements, and their role in determining an organisation's net worth.

 

Objective:

  • Grasp foundational knowledge on the concepts of assets and liabilities.
  • Understand how to classify and evaluate different types of assets and liabilities.
  • Learn the role of assets and liabilities in financial statement preparation.
  • Analyse the impact of assets and liabilities on a company's financial position.
  • Develop the ability to make informed financial decisions based on understanding assets and liabilities.
 
Course Outline:
  • Day 1: Introduction to Assets and Liabilities
  • Basics of Financial Accounting: Role of Assets and Liabilities.
  • Current vs. Non-Current Assets.
  • Current vs. Long-term Liabilities.
  • Day 2: Deep Dive into Assets
  • Tangible vs. Intangible Assets.
  • Depreciation, Amortization, and Impairment of Assets.
  • Investment and Financial Assets.
  • Day 3: Exploring Liabilities in Detail
  • Understanding Accounts Payable, Notes Payable, and Accrued Liabilities.
  • Long-term Liabilities: Bonds, Leases, and Loans.
  • Contingent Liabilities and Provisions.
  • Day 4: The Relationship Between Assets, Liabilities, and Equity
  • How assets and liabilities affect equity.
  • Importance of the Balance Sheet and Understanding the Accounting Equation.
  • Evaluating a Company's Financial Health using Assets and Liabilities.
  • Day 5: Real-world Applications and Case Studies
  • Assets and Liabilities Management Strategies.
  • Analysing companies' financial statements.
  • Case Study Discussions: Successful and problematic management of assets and liabilities.
  • London Branch

    (Laykas Group Ltd) 198-206 Acton Lane, Unit C, London

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