Course Details

Financial Accounting is a branch of accounting that records all matters related to financial position (financial position), financial performance (income statement), and cash flows of the enterprise in accordance with certain accounting standards. Here is the importance of financial accounting for all parties concerned with the institution.

This 10 Days course covers financial accounting practice for a selection of current and complex topics. Both the accounting practice is explained and the implication of the relevant accounting standard is critically appraised, with a view to developing thorough knowledge and critical understanding of applicable accounting principles, concepts, and regulations.

This course builds upon Financial Accounting. It aims to critically examine current financial accounting theory and practice for a selection of advanced topics, many of which are subject to current debate and review by the International Accounting Standards Board (IASB).

The course seeks to develop a thorough knowledge and understanding of the accounting principles, concepts, regulations and practices, applicable to selected topics. An important aim of the course is to develop skills of critical analysis through the study of relevant research papers on financial accounting topics.

By the end of of Advanced Financial Accounting Online Course, you will be able to:

Discover how balance sheets, income statements, and cash flow statements are developed and how each interact
Evaluate the financial health of a business using financial statements
The links between accounting principles and the preparation of financial statements.
Definitions of the content and functions of the two key financial statements.
How to prepare a set of financial statements from scratch.
Explain the relevance of cash flow and how it is reported.
Define the function of financial management.
Show how organizations use accounting to create and monitor their strategies.
Develop a practical perspective into contemporary work practices in your field.
Implement an Action Plan at your workplace using the knowledge and skills acquired through the course.
Prepare and evaluate financial forecasts to make strategic decisions
Value a venture, project, or investment opportunity and perform a sensitivity analysis

Advanced Financial Accounting Online Course is designed for:

Those who wish to understand the implications of decisions made across a range of financial accounting issues.
Those who wish to develop the ability to analyse, interpret, and question the accounting information they may encounter in a business context.
Those who wish to acquire a sound appreciation of accounting and finance in order to communicate and succeed in the business world.
Non-accounting staff who desire a practical introduction to the fundamentals of financial accounting.
New accounting staff who need to understand the financial accounting function holistically.
Accountancy staff with no formal qualifications.
Accountancy staff in pursuit of promotion.
Accountancy staff who need to have a deeper understanding of accounting and how this can improve results.
Anyone who wants to understand how the financial function relates to the general management of an organization.

Course Outline

10 days course

Day 1

Day 2

Day 3

Day 4

Day 5

Day 6

Day 7

Day 8

Day 9

Day 10

The Cash Budget

Why should managers understand accounting?
Accounting concepts
Timings of receipts and payments
Calculation of the gross profit and gross profit margin

Budgets and Performance Management

Responsibility centres
The controllability principle
Profit-related performance measurement
Standard costing and variance analysis
Performance management in investment centres
Non-financial performance indicators
The balanced scorecard
Performance measurement in not-for-profit organisations
External influences on performance

Introduction to the Statement of Profit and Loss

Measuring profit
Double-entry bookkeeping
Types of account
Trial balance
Capital versus revenue expenditure/income
Calculating the cost of sales

Balancing the Basics

Assets and liabilities
The statement of financial position
Accruals and prepayments

Accounting for Depreciation and Bad Debts

The straight-line method
The reducing-balance method
Disposals of non-current assets
Bad and doubtful debts
Uses and limitations of the statement of financial position

Company Finance

The nature of limited companies
Share capital
The stock exchange
Venture capital
Loan capital and debentures
Retained profits
Reporting requirements

Company Accounts

The statement of profit or loss
The statement of changes in equity
The statement of financial position
Intangible assets
Revaluing assets
The statement of comprehensive income
Corporate governance

The Statement of Cash Flows

Sources of cash flow
Non-current assets and the statement of cash flows
Movements in working capital
Tax, interest, and dividends
What to look for in a statement of cash flows
Managing cash

Interpreting Financial Statements

Ratio analysis
The pyramid of ratios
Probability ratios
Liquidity ratios
Control of working capital
The working capital cycle

Capital Structure and Investment Ratios

Capital structure
Investment ratios
Limitations of ratio analysis

Advanced Financial Accounting

Course Info

Course Details

By the end of of Advanced Financial Accounting Online Course, you will be able to:

Advanced Financial Accounting Online Course is designed for:

Course Outline

The Cash Budget

Budgets and Performance Management

Introduction to the Statement of Profit and Loss

Balancing the Basics

Accounting for Depreciation and Bad Debts

Company Finance

Company Accounts

The Statement of Cash Flows

Interpreting Financial Statements

Capital Structure and Investment Ratios

Course Video

Advanced Financial Accounting

Course Info

Course Details

By the end of of Advanced Financial Accounting Online Course, you will be able to:

Advanced Financial Accounting Online Course is designed for:

Course Outline

The Cash Budget

Budgets and Performance Management

Introduction to the Statement of Profit and Loss

Balancing the Basics

Accounting for Depreciation and Bad Debts

Company Finance

Company Accounts

The Statement of Cash Flows

Interpreting Financial Statements

Capital Structure and Investment Ratios

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Course Video