Accounting Essentials

This course is designed for those who have had little or no exposure to accounting concepts and want to gain an introductory level of financial awareness. 

Location
Date
Duration

1 Day

Time (AWST)
Address
Participants
Total

Overview

What do you think when you see a profit and loss statement, a balance sheet or a set of budget figures? Are you confused or intimidated? Does your finance department seem to be speaking another language? If so, this course is for you.

Get a greater understanding of profit and loss statements, balance sheets and cash flow to improve communication with finance specialists. You will come to grips with the basic language and concepts of accounting through a fun and interactive method.

Who will benefit

Staff at all levels from marketing, technical, administrative and management areas who need to grasp a basic awareness of accounting.

Content

  • Defining common accounting terms
  • Identifying the accounting equations and rules that underpin financial reports
  • How transactions are summarised into financial statements
  • What is a profit and loss statement?
  • What the balance sheet reveals
  • How does cash flow differ from profit?
  • Balance sheet and profit ratios.

Learning Outcomes

Participants should be able to:

  • Describe the linkages between cash, revenue, expenses, assets, liabilities and equity
  • Identify the quality of financial outcomes
  • Be aware of why financial targets exist
  • Describe how past actions determine present financial results
  • Have more meaningful discussions about the organisation’s finances.
Related Results

Every manager needs to operate within a budget. During this course you will examine a variety of approaches for developing a budget and monitoring performance against an agreed business plan.

If you need to build your financial acumen and would like to integrate financial information into your decision making, this course is for you. This accounting training will cover how to link financial objectives to company strategies and interpret financial data to make better decisions.

For those needing to use financial tools to support business planning, this program will explore the different finance variables that have to be taken into account when preparing predictive models for organisations or major projects. 

The Finance for Non-Finance Managers training course is for those who need an understanding of finance to make sound commercial decisions. You will learn how to improve budgeting processes within your team, explore tax implications of business structures and learn how to ask insightful questions about the organisation's finances.

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