Course Detail

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Basic Accounting & Financial Statement Analysis

Understand the Statement of Financial Position (Balance Sheet), Statement of Profit or Loss and the Statement of Cash Flows; and the relationship between these key reports. Use financial ratios and working capital analysis to assess the financial health of organizations.

Introduction to Accounting

  • Define accounting and the accounting function
  • Explain the reasons for preparing accounts
  • Explain the basic accounting concepts

The Accounting Equation and the Statement of Financial Position

  • The accounting equation
  • Differentiate between assets, liabilities and owners’ equity
  • Purpose of the Statement of Financial Position
  • Format of the Statement of Financial Position

The Statement of Profit or Loss

  • Understand the Statement of Profit or Loss
  • Understand the link between the Statement of Profit or Loss and the Statement of Financial Position

Double Entry Accounting

  • Understand cash and credit transactions in terms of debits and credits
  • Record debit and credit entries in ‘T’ accounts

• Close off revenue and expense accounts

to the Statement of Profit or Loss

  • Close off asset and liability accounts

The Trial Balance

  • Introduction to the General Ledger
  • Post transactions for a period, close off the accounts and extract a trial balance

Accruals and Prepayments

  • Matching income with related expenses
  • Accrued expenses and income
  • Prepaid expenses
  • Pre-billed income

Property, Plant and Equipment

  • Calculating depreciation charge
  • Statement of Financial Position and Statement of Profit or Loss effect of depreciation

Interpretation of Financial Statements

  • Describe the form and content of published financial statements
  • Statement of Cash Flows (and its relationship with Statement of Financial Position and Statement of Profit or Loss)
  • Financial statement analysis
  • Financial ratios (profitability, efficiency, etc.)

Cash Flow Analysis

  • Understand the components of Statement of Cash Flows
  • Apply cash flow analysis to evaluate the financial health of an entity

 

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We offer discounts for group bookings (i.e group of delegates attending the same course at the same time) as follows:

    3-5 participants - 5% discount
    6-9 participants - 7.5% discount
    10 or more participants - 10% discount