This course is ideal for those with no prior knowledge of accountancy. It deals with the source and meaning of financial information. To be equipped to make good business decisions, a working knowledge of accounting and the meaning of accounting information provide a sound starting point.
Financial statements - outputs from the accounting system and process
Cash versus accrual accounting approaches
Cost centre management
Understanding budget processes
This course consists of one online course and one online assessment.
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Describe a typical accounting process
Interpret the three core financial statements
Identify the difference between cash and accrual accounting, and its impact on the financial statements, large organisations and individual cost centre managers
Identify cost centre management imperatives
Review budget processes
Identify alternative approaches to building budgets
Review monitoring and control mechanisms
This course is designed for people working in corporate entities, small to medium enterprises and not-for-profits, needing a fundamental understanding of accounting principles.