Course Overview
This Introductory course in accounting for any accountant will provides an understanding of the basic principles of accounting as used in general business.
The areas covered will provide a basis for a proper understanding of accounting in the business environment as well as the public sector; coverage will include but not be limited to the accounting information system, comprehensive financial statements preparation and analysis.
Course Objective
- Read and interpret financial statements
- Analyse business performance
- Contribute to cash and working capital management
- Build budgets and Manage costs and budgets
- Present business cases and utilise financing techniques to improve decision making
Who Should Attend??
- All employees of financial and accounting departments and those responsible for the preparation of financial reports
Course Outline
The Basics
- Accounting Terminology and Policies
- Accounting as an information system
- Basic cash flow statements
How To Interpret Accounts and Financial Statement Analysis
- Preparing income statement & balance sheet
- Financial and liquidity ratios
- The cash conversion cycle
- Accounting cycle
- Registry books accounting.
- Preparation of trial balance.
- Preparation of financial statement
- Income statement.
Planning for Profit
- Understanding and working with costs
- Plan for cost reduction and profit improvement
- Fixed and variable costs income statement
- Break-even analysis
- Contribution margin
- Standard Costing
Budgeting in Today’s Competitive Business
- The Budgeting Process
- The role of budgeting
- Annual budgeting process
- Identifying and resolving budgeting variances
Cash Flow & Investment Decisions
- Capital budgeting
- Weighted Average Cost of Capital
Training Methodology
- Presentation & Slides
- Audio Visual Aids
- Interactive Discussion
- Participatory Exercise
- Action Learning
- Class Activities
- Case Studies
- Workshops
- Simulation