(eCornell) Sales Accounting
Training Provider: GENASHTIM
Course Reference: TGS-2023038326
S$700
About This Course
This course will enable you to interpret the financial statement line items that capture the most central and important operations of any enterprise: the revenue and other cash inflows earned from customers and the related expenses or losses. The course is provided by eCornell in partnership with Genashtim.
What You'll Learn
Determine if revenue will be received for a transaction based on meeting the legal qualifications for consideration.
Record revenue for a transaction accurately over time by identifying the five steps of revenue recognition.
Analyze a transaction and performance obligations.
Allocate transaction prices by applying a deferred revenue schedule.
Accurately account for discounts, returns, and allowances within financial statements over time.
Adjust financial statements for accounts receivable and bad debts.
Adjust financial statements for the aging of accounts receivable to report on how much and how long a firm has been owed revenue.
Discuss and identify different forms of measure management associated with revenue and receivables.
Distinguish between physical and accounting flows of inventory and identify costs that are and are not categorized with inventory.
Compare and contrast the �Last In, First Out (LIFO)� method of inventory to the �First In, First Out (FIFO)� method, outlining the circumstances in which each may be beneficial.
Create entries for the life cycle of inventory under a variety of accounting flow assumptions.
Explain and identify different forms of measure management associated with inventory.
Record revenue for a transaction accurately over time by identifying the five steps of revenue recognition.
Analyze a transaction and performance obligations.
Allocate transaction prices by applying a deferred revenue schedule.
Accurately account for discounts, returns, and allowances within financial statements over time.
Adjust financial statements for accounts receivable and bad debts.
Adjust financial statements for the aging of accounts receivable to report on how much and how long a firm has been owed revenue.
Discuss and identify different forms of measure management associated with revenue and receivables.
Distinguish between physical and accounting flows of inventory and identify costs that are and are not categorized with inventory.
Compare and contrast the �Last In, First Out (LIFO)� method of inventory to the �First In, First Out (FIFO)� method, outlining the circumstances in which each may be beneficial.
Create entries for the life cycle of inventory under a variety of accounting flow assumptions.
Explain and identify different forms of measure management associated with inventory.
Course Details
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Note: To apply for this course, visit the SkillsFuture website or contact the training provider directly.
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