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.
