- Managers who wish to improve their analytical skills and use accounting and finance tools for managerial advantage.
- Those who wish to understand and use accounting knowledge for operational and management decision making.
What you will learn
Upon completion of this course, you will be able to understand:
- The role of the financial accountant and the information which they prepare.
- The relationship between the statement of financial position, income statement and statement of cash flows.
- The elements and structure of the annual report and primary financial statements.
- The conceptual and regulatory framework of accounting.
- What information the financial statements cannot provide.
- Key elements of an accounting system.
- Different types of accounting adjustment.
- The impact of accounting adjustment on reported results.
- How to prepare basic primary financial statements.
- The main aspects of performance which can be evaluated through financial statements.
- How apply horizontal, trend, vertical and ratio analysis to the financial statement contained within an organisation’s annual report.
- How to evaluate a company from the viewpoint of current and potential investors as well as other stakeholders.
- That financial information is communicated through varying means and in different forms.
- That corporate communication may be factually accurate but it might be presented, written or distributed in a way that sends out information signals.
- The role of budgeting within the business planning process.
- Different approaches to budgeting.