This course has been created for managers or small business owners that may not come from a financial background but have responsibility to manage budgets in various forms.
This course has been adapted from a Level 5 Financial Accounting programme, to provide the essential principles and practices of financial accounting and communications. The assessments provided throughout this course have been specifically designed for the workplace in mind, which means no assignments, no further reading and no exams.
This self-directed CPD course is designed to provide a high-quality learning experience that can be completed around your professional role. The course is accessible 24hrs a day, seven days a week and you have access for a full 12 months.
Assessment is embedded throughout, in the form of knowledge checks and reflective activities for you to apply your learning into your working practice; Including a series of bitesize interactive, multimedia resources. The 12 months access allows you to complete the final assessments as and when required throughout the financial year.
- Introduction / Definition of Accounting
- Cost estimation / High – Low Method
- Absorption costing
- Marginal costing
- ABC costing
- Breakeven analysis
- Single limiting factor
- Variance analysis
- Cash Budgeting
- Assets-Liabilities-Capital-Income-Expenses (ALCIE)
- The financial statements
- Cash flow statement
- The accruals concept & major adjustments part one
- Major adjustments part two
- Major adjustments part three
- Company accounts part one
- Company accounts part two
- Interpretation of financial statements
- Accounting Fraud
- Capital investment appraisal techniques
- Working Capital Management
By engaging successfully with this course, a participant will be able to:
- Define and use the basic terminology of finance and accounting
- Explain the fundamental concepts and principles of financial and management accounting.
- Apply accounting principles and procedures in preparing financial statements and internal management reports
- Interpret and evaluate accounting information
- Carry out investment appraisal techniques
- Understand working capital management and suggest strategies to efficiently manage current assets and current liabilities
- Communicate through the use of established formats and analytical writing