Fundamentals of Accounting

MF133

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This Introductory course in accounting for any accountant will provides an understanding of the basic principles of accounting as used in general business.
The areas covered will provide a basis for a proper understanding of accounting in the business environment as well as the public sector; coverage will include but not be limited to the accounting information system, comprehensive financial statements preparation and analysis.

Read and interpret financial statements
Analyse business performance
Contribute to cash and working capital management
Build budgets and Manage costs and budgets
Present business cases and utilise financing techniques to improve decision making

All employees of financial and accounting departments and those responsible for the preparation of financial reports

The Basics

Accounting Terminology and Policies
Accounting as an information system
Basic cash flow statements

How To Interpret Accounts and Financial Statement Analysis

Preparing income statement & balance sheet
Financial and liquidity ratios
The cash conversion cycle
Accounting cycle
Registry books accounting.
Preparation of trial balance.
Preparation of financial statement
Income statement.

Planning for Profit

Understanding and working with costs
Plan for cost reduction and profit improvement
Fixed and variable costs income statement
Break-even analysis
Contribution margin
Standard Costing

Budgeting in Today’s Competitive Business

The Budgeting Process
The role of budgeting
Annual budgeting process
Identifying and resolving budgeting variances

Cash Flow & Investment Decisions

Capital budgeting
Weighted Average Cost of Capital

Presentation & Slides
Audio Visual Aids
Interactive Discussion
Participatory Exercise
Action Learning
Class Activities
Case Studies
Workshops
Simulation

Terms & Conditions

ACTrain reserves the right to alter the Course Schedule without Prior Notification, Fees Quoted are Subject to Terms & Conditions Outlined in ACTrain's Registration Policy