Gabriel Lip – CFI Education – Cash-to-Accrual Accounting

Description

Gabriel Lip – CFI Education – Cash-to-Accrual Accounting download, Gabriel Lip – CFI Education – Cash-to-Accrual Accounting review, Gabriel Lip – CFI Education – Cash-to-Accrual Accounting free
Gabriel Lip – CFI Education – Cash-to-Accrual Accounting
Cash-to-Accrual Accounting

Explore the differences between cash and accrual accounting, practice adjusting statements from one to the other for suitable analysis, and approach financial information confidently.

Learn the questions and answers experts encounter when reviewing cash-based financial data
Practice adjusting cash receipts and cash disbursements to get an accrual-like income
Distinguish the differences in financial metrics when assessing cash versus accrual statements

Overview

Cash-to-Accrual Accounting Course Overview

Cash is king? Not when it comes to accrual information! Learn why cash-only information presents an incomplete picture for many users of financial data and how professionals work under such circumstances.
Financial decisions are often based on accrual information, including accounts receivable that generate credit sales, inventory production for future sales, and accounts payable that describe contractual obligations. These are not readily visible using cash-only data, so we must adjust from cash to get accrual-like information. With the adjustments, we may understand a company’s economics better when assessing financial performance. Accrual accounting, rather than cash accounting, generates an accrual income — the bottom line we care about.
We will use the adjustment principle and approach the steps necessary to convert from cash to accrual data. By experiencing the practice of taking cash-based accounting data and bringing it closer to accrual information, we can paint a suitable picture for financial decision-making.
Cash-to-Accrual Learning Objectives

Upon completing this course, you will be able to:

Differentiate the rationale for using cash and accrual information
Establish the approach to convert cash receipts and disbursements to relevant accrual data
Practice and adjust assets, liabilities, revenues, and expenses to get cash statements closer to an equivalent set of accrual statements
Link the different financial statements and distinguish their differences when looking at financial metrics

Who Should Take This Course?

This course is for all general business owners who work with lenders and financial professionals working with prospects and clients who rely on cash-based statements.
What you’ll learn

Introduction

Course Introduction

Learning Objectives

Download Course Presentation
Overview

Download Adjustments Summary

Introduction

Cash vs. Accrual Accounting Methods

Adjustment Principle

Interactive Exercise 1

Balance Sheet Assessment

Income Statement Assessment

Interactive Exercise 2
Cash Receipts

Adjust Cash Receipts

Adjust Accounts Receivable

Adjust Accounts Receivable – Excel Video

Adjust Accounts Receivable – Summary

Interactive Exercise 3

Adjust Inventory

Adjust Inventory – Excel Video 1

Adjust Inventory – Excel Video 2

Adjust Inventory – Summary

Interactive Exercise 4

Adjust Unearned Revenue
Cash Disbursements

Adjust Cash Disbursements

Adjust Consumable Assets

Adjust Consumable Assets – Excel Video 1

Adjust Consumable Assets – Excel Video 2

Adjust Consumable Assets – Summary

Interactive Exercise 5

Adjust Accounts Payable

Adjust Accounts Payable – Excel Video

Adjust Accounts Payable – Summary

Interactive Exercise 6
Other Cash and Non-Cash Expenses

Adjust Interest Payable

Adjust Interest Payable – Excel Video 1

Adjust Interest Payable – Excel Video 2

Adjust Interest Payable – Summary

Interactive Exercise 7

Adjust Taxes Payable

Adjust Taxes Payable – Excel Video

Adjust Taxes Payable – Summary

Interactive Exercise 8

Adjust Depreciation

Adjust Depreciation – Excel Video 1

Adjust Depreciation – Excel Video 2

Adjust Depreciation – Summary

Interactive Exercise 9

Adjust Deferred Tax Assets and Liabilities

Adjust Deferred Tax Assets and Liabilities – Excel Video
Conclusion and Impact

Impact on Profit

Impact on Financial Metric

Interactive Exercise 10
Course Summary

Download Completed Model

Course Conclusion
Qualified Assessment

Qualified Assessment

This Course is Part of the Following Programs
Commercial Banking & Credit Analyst (CBCA)

Cash-to-Accrual Accounting is part of the Commercial Banking & Credit Analyst (CBCA)®

Skills Learned

Financial Analysis, Credit Structuring, Risk Management
Career Prep

Commercial Banking, Credit Analyst, Private Lending