Accrual Accounting

It’s a responsible task being a member of the accounting team. You need to have the skills, expertise and knowledge to deliver accurate and up to date information that the business can rely on for informed decision making. Understanding all financial elements and process, like double entry accounting and internal controls, is essential. Make sure you play your part well, providing qualified advice.

Benefits To You:

• Gain knowledge about all aspects of the accounting cycle
• The accounting cycle includes the annual recording and processing of all financial transactions of a company, from when the transaction occurs through to its representation on the financial statements. It includes significant detail and data management, with every step having an important role to play in the business. If you work in finance, you must know each step of the cycle so you can engage with knowledge. This course will provide you with that information.
• Know and understand internal controls
• Every business has internal financial controls in place to ensure delivery of accurate information. Many of these controls are standard across every business and this course will ensure you have a good understanding of what those are, and how to accommodate and integrate them into your financial processes.
• Understand confidentiality
• If you work in the finance team you will be privy to information about the business that no one else has. Often this information will be confidential – it might impact an organisation’s competitiveness or long-term sustainability. Professional and ethical behaviour in managing this information is paramount. Make sure you understand your obligations in this space and how to manage your role in a professional and ethical way.