Alla Volodina York University — Understanding the Basics of Accounting

 Many organizations might find it useful to incorporate a variety of training sessions into their training programs that focus on accounting. The following course outline is suggested by an accounting instructor at York University (AllaVolodina) for a training session

- Basics of accounting:

o Fundamental principles and rules, including asset, liability, and revenue and expense recognition

- Complex topics in accounting: 

o Including but not limited to accounting for capital assets, cost vs revaluation models, investment properties, and construction projects revenue recognition

- Understanding an organization’s financial position:

o Analysis of Balance Sheet line items (inventory, capital assets, prepaid expenses, construction-in-progress, intangible assets, goodwill, bank loans, notes payable, billings in excess of costs on uncompleted contracts, deferred tax liability, retained earnings, capital stock)

- Understanding an organization’s operating results: 

o Analysis of Income Statement line items (revenues, depreciation expense, general and administrative expenses, acquisition expenses) 

- Understanding the Cash flow statement:

o Analysis of operating, investing and financing activities

Alla Volodina teaches at York University various accounting courses including ADMS3585. 

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