This course comprises four stand alone yet linked modules. Each module is presented in a day and provides its own outcomes. Participants may choose to attend any of the modules relevant to their own learning requirements.
Previous accounting knowledge or experience is not a prerequisite for Modules 1 and 4. It is recommended that participants complete Module 1 prior to attempting Modules 2 and 3.
Who should attend?
Entrepreneurs, line managers, divisional heads, accounts clerks, bookkeepers and anyone with an interest in accounting and finance or who deals with auditors.
Duration
One day per module
Outcomes
Participants will:
Module 1: Mastering the principles
Understand the purpose of accounting (communicate not confuse)
Understand the accounting process and the accounting equation
Understand debits and credits
Prepare the trial balance
Understand the balance sheet and income statement
Prepare the general ledger and general journal
Module 2: Recording and presenting financial data
Prepare the cashbook, bank reconciliation, and petty cash journals
Prepare sales and purchases journals and reconciliations of debtors and creditors
Perform daily and monthly routines
Account for year-end adjustments
Extract a trial balance and draft a balance sheet and income statement
Module 3: Non-routine transactions and audit preparation
Account for non-routine transactions:
- Leases
- Depreciation
- Acquisition and disposal of assets
- Bad and doubtful debts
- Provisions and accruals
Understand year end procedures for:
- Income Tax and Value Added Tax
- Fixed assets register
- Other year end entries
Learn how to prepare for an audit and discover tips for saving on audit costs
Module 4: Financial tools for effective management
Understand financial terminology and concepts
Understand cash flow and working capital management
Learn how to calculate and use financial ratios for management decisions
Prepare budgets and cash flow forecasts
Understand the nature of costs and decision making using the behaviour of costs
Evaluate the impact of costs on the bottom line
Gain an understanding of some of the more difficult financial decisions facing managers
