SL304A - Changing Accounting Principles for the New Economy

SL304A - Changing Accounting Principles for the New Economy Course Description

Duration: 30.00 days (0.5 hours)

Sarder Learning is a Collaborative Knowledge Platform bringing together some of the world’s Best Business, Management & Leadership practices in the form of eLearning program from Fortune 1000 CXOs, Ivy League Professors and best Selling Business Authors.

The self paced e-learning courses are in the form of byte size video lessons for faster retention. Video courses are grouped under various categories such as Management, Leadership, Innovation, Marketing, Sales, Personal effectiveness and others.

Not much has changed in general accounting principles and reporting requirements for companies in the last few decades. Baruch Lev, Professor at the New York University, has a strong opinion that things need to change to reflect the transformations that have occurred in how companies conduct business in recent years. In this course, Changing Accounting Principles, Baruch Lev provides his thoughts on the benefits that could occur if accounting practices were updated to reflect how companies are valued.

The discussion include topics such as: The tectonic change in how companies are doing business today; how these changes have come about through a move from an industrial age to current times where businesses are focused on knowledge and information; the definition of a knowledge-based economy; three major factors why the current financial accounting rules and required reports have become less useful in determining the health of a company or an industry; why today’s financial accounting principles are out of date and not useful in analyzing a company’s financial health; the “conservative principle” and the part it plays in the current accounting financial rules; and what it would mean for businesses and the stock market if accounting practices took into consideration a company’s intangible assets such as brand strength, a new patent or whether a pharmaceutical company was about to be approved for a new drug release.

Course Methodology

This self paced e-learning course is based on an exclusive interview with Baruch Lev, Professor at the New York University

This course is a part of the entire e-learning courses library which is available for monthly or yearly subscriptions:

  • Monthly subscription for full library: $59
  • Yearly subscription for full library: $599

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    Next Class Dates

    Contact us to customize this class with your own dates, times and location. You can also call 1-888-563-8266 or chat live with a Learning Consultant.

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    Intended Audience for this SL304A - Changing Accounting Principles for the New Economy Course

    • » Accountants
    • » Financial services Professionals
    • » Financial Analysts
    • » Business Students
    • » Executives
    • » Entrepreneurs

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    SL304A - Changing Accounting Principles for the New Economy Course Objectives

    • » How new Business Models & Knowledge economy is affecting Accounting?
    • » Three factors responsible for the Deterioration of Financial Accounting
    • » Key reasons why Standard Accounting Principles are not useful Today
    • » The concept of “Conservative Principle”
    • » Accounting for intangibles and the Role of Estimates in Accounting
    • » Biggest hurdle in reforming Accounting Principles

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    SL304A - Changing Accounting Principles for the New Economy Course Outline

        1. Accounting and New Business Models
          1. Accounting should Evolve with Time
          2. The Emergence of a Knowledge based Economy
        2. Traditional Financial Principles are Losing Utility
          1. Reasons for Deterioration
          2. Newer Business Requirements
          3. Concept of "The Conservative Principle"
        3. Reforming Accounting Practices
          1. Accounting for Intangibles
          2. Role of Estimates
          3. Transformational Hurdles

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    Skills Assessment

    We ensure your success by asking all students to take a FREE Skill Assessment test. These short, instructor-written tests are an objective measure of your current skills that help us determine whether or not you will be able to meet your goals by attending this course at your current skill level. If we determine that you need additional preparation or training in order to gain the most value from this course, we will recommend cost-effective solutions that you can use to get ready for the course.

    Our required skill-assessments ensure that:

    1. All students in the class are at a comparable skill level, so the class can run smoothly without beginners slowing down the class for everyone else.
    2. NetCom students enjoy one of the industry's highest success rates, and pass rates when a certification exam is involved.
    3. We stay committed to providing you real value. Again, your success is paramount; we will register you only if you have the skills to succeed.
    This assessment is for your benefit and best taken without any preparation or reference materials, so your skills can be objectively measured.

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