Be equipped to make good business decisions with a working knowledge of accounting principles.
Description
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.
Key topics:
- Accounting processes
- 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.
NOTE: This course is best displayed in Google Chrome browser. Internet Explorer is not recommended.
Learning objectives
- 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
Audience
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.