Title: Interpret Basic Financial Statements
Unit Standard ID: 117156 Unit Standard Level: NQF 4 Credit Value: 4
Field: Business, Commerce and Management Studies Sub-Field: Finance, Economics and Accounting.
THIS COURSE IS SELF PACED AND ALL ASSESSMENTS ARE ONLINE.
The program is designed to provide non financial managers with a better understanding of financial management and empowers learners with enough understanding of the financial forces that affect the Decision making process. Delegates will be given the ability to interpret financial statements and use the information to make those financial decision.
The Online Training will benefit any businessperson involved in finance requiring a theoretical understanding and practical application of financial tools, techniques, procedures and terminology.
WHAT THIS COURSE CAN DO FOR YOU…
Understand the importance of financial management
Identify, solve problems and make financial decisions
Understand basic accounting principles and concepts
Analyse the elements of an income and expenditure statement
Analyse the elements of a balance sheet
Be able to compile a personal assets and liabilities statement
Accounting Concepts and Principles
Understand accounting principles and concepts
Understand entries in the general journal and ledger
Terms, language and concepts used in accounting
Principle of depreciation
Types of depreciation used in business
Calculating different types of depreciation
How depreciation affects the worth of a business
The Accounting Cycle
Understand the process of Accounting
The Accounting Cycle
Recording entries in the general ledger
Draw up and interpret a Trial Balance
The Income Statement
Components of an Income Statement
How to calculate gross profit
How to compile and interpret an Income Statement
Understand the link between Income Statement and Balance Sheet
The Balance Sheet
Components of the Balance Sheet
Compile and interpret a Balance Sheet
Ensure that the business is performing at its optimal level
The Working Capital Cycle
Components of working capital – assets, liabilities and net current assets.
Consequences of poor management of working capital
Improving the management of working capital
Understand the working capital cycle to assist a business in running profitably.
Components of the cash flow statement.
Understand how to interpret the cash flow statement.