This short course is aimed at professionals who have recently taken on responsibility for accounting or are interested in an overview of how money is accounted for in an organisation. Understand why income and expenditure needs to be accounted for, and explore financial statements, ratios, cash flow planning, and balance sheets, amongst other aspects of business accounting.
- You will understand how and why income and expenditure needs to be accounted for You will be introduced to financial statements and will know the most commonly used statements used by businesses
- You will know the difference between a capital expenditure and a revenue expenditure
- You will understand financial ratios and you will know the types of information they can reveal about a business
Advantages of this course
- Financial terminology is often used in the business world without explanation or consideration of workers new to the industry or only just entering the workforce. This short course gives learners a glossary of financial terms they can refer back to when a colleague mentions business overheads or they come across an article about CAPEX in the business section of a newspaper.
- This short course will help you to prepare a balance sheet, cash flow statement, and profit and loss account. You will also be able to interpret basic financial statements and know why they are so important for a business.
- Website and video resources are utilised to explore the function of business accounting
- There is also suggested extra reading that gives both practical information and links to websites to expand knowledge