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Start Date: 07 Apr, 2025

End Date: 11 Apr, 2025

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$3,000

Event Details

  • Prepare income statement, balance sheet and cash flow statement
  • Explain the difference between profit and cash flow
  • Interpret cost behaviour and its impact on product costing
  • Use accounting techniques to improve profitability and efficiency
  • Construct functional and departmental budgets

 

CONTENT

Introduction to Accounting

  • The importance of accounting information
  • The role of the Finance Function
  • The accounting equation and financial accounting systems
  • Recording facts and applying judgement
  • Preparing the Income Statement and Balance Sheet
  • Accounting principles and accounting standards

 

Accounting Reports

  • The format and contents of the Income Statement
  • The format and contents of the Balance Sheet
  • The effect of depreciation and impairment on profit
  • Identifying and valuing inventory
  • Preparing the Cash flow Statement
  • The importance of cash flow in business

 

Management Accounting for Control and Decision-Making

  • Collecting and analyzing costs
  • The structure of direct and indirect costs
  • Dealing with overheads – absorption costing or ABC?
  • Cost-Volume-Profit and break even analysis
  • Decision making – make or buy
  • Decision making – the effect of limiting factors

 

Communicating the Plan through Budgeting

  • Corporate planning and corporate objectives implemented through budgeting
  • The budgeting process and timescale
  • Sales budget forecasting techniques
  • Cascading the budgets across the whole business
  • Preparing functional budgets and the cash budget
  • Budgeting principles, methodologies and applications

 

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.

This course is available in the following locations:

Nigeria - $6000
Rwanda - $7000
UK - $8000
USA - $8000

Venue

Online

Other Dates

Start Date End Date
20 Oct, 2025 24 Oct, 2025
Start Date End Date
07 Apr, 2025 11 Apr, 2025