Accounting

Introduction to Accounting

This tutorial introduces the subject of financial accounting to those new to the area. It starts off with a broad look at what exactly financial accounting involves, before discussing the different types of financial statements. It also describes the main accounting concepts and conventions, including a look at the important role of accounting standards and standard setters.  

Overview Using the example of a small start-up company operating in the fast food sector, this scenario looks at the dual effect principle of accounting. The dual effect on the balance sheet and/or income statement of each of the company’s transactions is explored in detail. Prerequisite Knowledge A basic knowledge of accounting is required. 

Level: Introductory

 Duration: 45 minutes

Using examples of both IFRS and US GAAP balance sheets, this tutorial describes the various elements (assets, liabilities, and equity) that make up the balance sheet. The tutorial also examines how the presentation and terminology of certain balance sheet items can differ under IFRS and US GAAP standards. Finally, the tutorial looks at key balance sheet accounting policies in relation to depreciation, amortization, and the impairment of assets.

Required:  Bank debt that is distressed is being issued at a discount because its value is far enough below par that it is losing value rather than earning interest. It is not a passive investment; rather, it requires clients to actively be involved and educated in order to make a good investment. It is important to note that not all bank debt is considered distressed. To help you build a solid understanding of bank debt, this course includes the following topics: what is a distressed security; levels, complexities and types of distressed securities; standardization of bank debt; bank debt structures; advantages and disadvantages; bank debt trading; profit/loss and pricing theory; and example journal entries.