Understanding Accounting Concepts and Financial Terminology_________________________________________________________________________________________________________________
Many of us flinch when we hear terms like depreciation, cash flow, balance sheet, and (worst of all!) budgets. However, these are all important accounting concepts to understand if you're going to succeed in business these days, particularly as a manager. Fear not however, financial terms are not as scary as they seem!
In this course, we cover the very accounting concepts and financial skills that someone in a supervisory role needs to know in order to become a successful, effective, manager.
(disclaimer - This course does not replace independent financial advice by a qualified professional nor does it offer the student any financial qualifications. This course is simply designed to provide an understanding of commonly used financial terms and accounting concepts. We recommend you seek advice from a qualified professional when making financial decisions.) Morton Learning and MyFeng will not be held responsible for any error or misrepresentations in the course material.
You'll Learn to:
Module 1 – Accounting Skills for Beginners
You will learn about:
The art of finance and financial management
Key financial terms
Your role in company finances
Where to find the rules and regulations for your area and industry
- Various types of financial reports, including income statements, balance sheets, cash flow statements, and statements of retained earnings
- How a chart of accounts is created
- Cash and accrual accounting
- Single and double entry bookkeeping
- Debits and credits
Identifying and analyzing important financial data
- Making financial decisions
- Reading annual reports
Determining whether a company is financially high or low risk
- Different types of organizational financial plans
- What budgets are and how to prepare them
- Dealing with financial situations that impact the people that work for you
Module 2 - Crunching the Numbers
Perform basic ratio analysis
Use ratio analysis to assist in financial decision making
To Speak to a Training Consultant about this workshop or to book this workshop for your team call 1300 855 417
Dates - Any where , Any time
Duration: Minimum of 8 hours
Time: This workshop will take a minimum of 8 hours of your total time to complete. You can complete the course at any time that suits over a 3 month period.
Venue: Your computer
Cost: Real Estate CPD Students = $149 incl gst (REBA number must be supplied when booking)
General Public Students = $199 incl gst
What's included: Upon enrolment each student gets 3 months to complete their online course. Each course provides students with comprehensive course manuals and Certificate of Completion after successful completion of the course.
Booking Procedure: To book into this online course go to the booking page via the book now button below and select the online course. Once your booking is received you will receive full instructions and your login by email within 24 business hours.
To view all our workshops click here