Finance & Accounts Knowledge For Non-Accountants [2 days]

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(2 Days on Demand: Available as In-plant Programme only)

Course Objectives

• Be able to interpret and apply basic accounting terminologies
• Be able to judiciously spend and account for entrusted funds
• Be in a position to generate reports on simple financial dealings
• Continually follow guidelines and due process in handling business funds
• Understand basic Books of Accounts to enhance accountability
• Be able to identify and check fraud through internal control procedures.

 
COURSE CONTENTS:

What Accounting Is

• Entries that prepare an account
• Uses of the accounting entries
• The credit and debit rules
• Nature of accounting errors
• Correction of accounting errors.

An Understanding of The Income Statement

• Revenue
• Cost
• Gross surplus
• Expenses
• Overheads.

Common Size Ratio (CSR)

• Compare the performance during one period with another. (Use the income statement for two or more years)
• Compare the percentages for each item with the overall relationships for each year
• Note the deviations from the budget
• Note all fluctuations in relationships
• Ascertain reasons for deviations and fluctuations in relationships
• Prepare action plan to improve the situation.

Cash Flow & Its Projection

• Generating enough cash to meet obligations
• Cash outflows to match cash inflows
• When cash flow deficiencies are found
• When excess cash is revealed.

Accounting Ratios

• Liquidity Ratios.
• Current ratios
• Acid ratio
• Current assets and liabilities
• Improving liquidity ratios.

Petty Cash Management

• Tracking small cash expenses
• The float or imprest
• Petty Cash Book and its entries
• Minimising fraud.

Bank Reconciliation

• How bank statements often vary from cash book balances
• Unpresented cheques
• Uncredited cheques
• Errors and omissions.

The Balance Sheet

• The funding side
• The investment side
• The use to put a balance sheet.

Managing Personal Finance

• What does financial success mean?
• Myths and realities about money
• Laws of Gold

FEE: Negotiable. Call us»