The Whole Thing reserves the right to alter dates, content, venue and the trainer for each course with reasonable notice.
This course is CPD Certified with each day equivalent to 6.5 hours of CPD
Appreciation of Basic Financial Accounting Principles and Practice for Better Decision Making and Effective Control
WHO SHOULD ATTEND?
Management at all levels and top talent in the organization that want to learn (or relearn) and improve their basic financial accounting competency so that they can get the very best results from their leadership, teams and colleagues in pursuit of the organization’s goals.
Financial accounting is concerned with the recording of financial transactions and analysing the effect of such transactions over a relevant period of time to assist in the development of business decisions and inform all stakeholders concerned or affected by the performance of the business. In order to manage a business effectively from the financial perspective, it is always important to measure: what assets and liabilities there are; how much profit is being generated; when the cash is coming in, and how it is being spent. The asset and liabilities piece is measured by the Balance Sheet, whilst the profit and cash pieces are measured by the Income Statement (or Profit and Loss Account) and the Cash Flow Statement respectively. Mastery of the basic financial accounting principles and practice is vital for effective leader and leadership and driving business growth.
Finance for Non Finance Managers is a very practical and proven approach to financial accounting that covers the basic accounting principles and practice with particular emphasis on disciplined book-keeping practice as our experience tells us that this is where most financial accounting appreciation and practice fails. The program takes a holistic view of financial accounting and introduces the delegate to the knowledge, skills and attitude required to confidently create, interpret and communicate any set of financial accounts for better decision making and effective control.
Thanks to automation in financial accounting systems, a lot of end-users including accountants sometimes forget the basics of accounting as they ‘tend to rely too much on systems’ – this course endeavours to correct that by ensuring that their basics remain strong and they know ‘what’s happening behind the system inputs/process/outputs.
The program is well researched, knowledge-based and designed with the individual learner at the centre of the learning process which means that the course is extremely interactive and practical.
By the end of this course delegates will be able to:
✓ Determine financial accounting
✓ Determine the importance of accounting in running businesses
✓ Determine the basic financial statements (balance sheet, income statement and cash flow statement)
✓ Determine the accounting cycle, book-keeping and associated terminology
✓ Identify how to account for assets, liabilities and owners’ equity
✓ Develop the skills to effectively prepare balance sheets, income statements and cash flow statements
✓ Practice hands-on analysis and recognition of accounting transactions
✓ Produce drive to self-develop in financial accounting
✓ Produce positive impact on the overall performance of each delegate and the organization
DAY 1 • FINANCIAL ACCOUNTING FUNDAMENTALS
Financial Accounting Style
Complete a self-assessment questionnaire. Result establishes the individual’s major strengths and weaknesses in financial accounting that will be used later as a basis to set a personal improvement goal.
The Accounting Cycle
Analysing Transactions (Book- keeping)
The Matching Principle
DAY 2 • EXERCISES AND PRACTICE
Group Exercises- Accounting Transactions
Group Exercises- Balance Sheet
Group Exercises- Income Statement and Cash Flow Statement
Key Learning Review
Each delegate will be asked to complete a pre-course questionnaire to determine their individual learning objectives. These will be used by the trainer to give on track training that is focused on the individual learner attending.
ON-TRACK FOR GROWTH
The individual leaves this program with a Personal Action Plan to encourage immediate transfer of training to the job.
REGISTER FOR THIS COURSE
To register for this course please review the grey box above. If no public course is listed or the location and dates shown don’t suit you then please request a proposal for this course either as a public training course or if you have 6 delegates or more as an in-company training course by clicking on Request a Proposal.