Interpret Basic Financial Statements

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.

Learning Outcomes:

• 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