Accounting describes the basic principles of accounting and the preparation of financial statements, namely the balance sheet, income statement, and cash flow statement. In addition, the course covers the ways in which accounting transactions flow through the various financial statements, and how the statements relate to each other. There is also a tutorial that looks beyond the pure mechanics of the creation of the financial statements and views them in context with other sources of information.

This course is designed for:
– new recruits to banking and financial organizations
– finance and accounting staff
– portfolio/fund managers
– operations and support staff
– sales and marketing executives
– compliance and regulatory staff

Accounting is made up from the following five modules

1. Accounting – An Introduction (60 mins)
The purpose of this tutorial is fimilarize you with the principles involved in the preparation of finicial statements and to recognize the offering needs of users. Armed with this information, you will be able to identify the real meaning behind the figures.

2. Analysis of the Balance Sheet (75 mins)
This tutorial looks at the balance sheet and provides a ‘snapshot’ of an organization at a particular point in time. It indicates the organization’s financial strength, providing information about what it owns (assets), what it owes (liabilities), and the ‘book value’ of the business. For More Information Click Here

3. Analysis of the Income Statement (75 mins)
Users of financial statements attach great importance to the income statement (or P&L) statement. Investors, analysts, and other interested parties should not focus on income exclusively: depending on accounting policies employed, the effect on reported income in the financial statements can be significant. For More Information Click Here

4. Analysis of the Cash Flow Statement (75 mins)
Using balance sheets and income statements, accountants are able to draw up cash flow statements that detail the areas where cash is being generated and ‘burned’ by a business. This is of crucial importance as it gives the users of accounts essential ‘supplementary’ information on which to base their decisions. The cash flow statement, while not a headline accounting statement, details how well cash is being managed and focuses the investment mind on the adage that ‘cash is king’. For More Information Click Here

5. Understanding Financial Reports (60 mins)
The primary financial statements in context with other sources of information and beyond the pure mechanics of their creation. Only with a rounded view of the spectrum of available information can an interested party make an informed view on a company.

In Accounting, you will explorer:

– the main accounting concepts and conventions, including the important role of accounting standards and standard setters
– the various elements that make up a balance sheet and where these are positioned on the balance sheet
– the key elements of the income statement that enable you to make an informed judgment on a company’s performance
– the classification of activities in a cash flow statement and how to prepare and interpret such statements
– the calculation and interpretation of some key ratios derived from financial statements
– the ways in which accounting transactions flow through the various financial statements, and how the statements relate to each other
– fundamental considerations underpinning the use of financial statements