Interpret basic financial statements – Online Short Course

NQF4 – US 117156 – 4 credits – Freight Forwarding and Customs Compliance

Field: Business, Commerce and Management Studies Sub-Field: Finance, Economics and Accounting.

THIS COURSE IS SELF PACED AND ALL ASSESSMENTS ARE ONLINE.

INTRODUCTION

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.

TARGET AUDIENCE

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

 

COURSE CONTENT

Accounting Concepts and Principles

Understand accounting principles and concepts

Understand entries in the general journal and ledger

Terms, language and concepts used in accounting

 

Depreciation

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.

 

Cash Flow

Components of the cash flow statement.

Understand how to interpret the cash flow statement.

BUY THIS COURSE

R1,000.00

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