Course details

The objectives of this diploma is to understand the definitions, concepts, tools and techniques in financial and management accounting and The second part of the diploma examines the management accounting for decision making.

How You Will Benefit:

  • Understand the Key Accounting and Financial Terms.
  • Know the Contents of the Financial Statements.
  • Use Different Analytical Techniques and Ratio.
  • Use The Analysis In Financial Decision-Making Process

What You Will Cover:

Module 1: An Introduction to Accounting and the Accounting Equation

  •  What accounting is?
  •  Who are the users of a company’s accounting information?
  •  The accounting equation.
  •  The financial statements.
  •  Forms of business.

Module 2: The Profit and Loss Account

  •  What is profit?
  •  Types of inventory in a manufacturing company.
  •  Inventory valuation methods.
  •  Valuation of work-in-progress and finished goods.
  •  Depreciation of fixed assets

Module 3: The Balance Sheet

  •  The anatomy of the balance sheet.
  •  Fixed assets.
  •  Current assets.
  •  Current liabilities.
  •  Fixed assets not owned by the company.
  •  Net current assets and net assets.
  •  Uses of profits.

Module 4: The Cash Flow Statement

  •  What is ‘cash’ in a cash flow statement?
  •  Where does cash’ come from?
  •  Where does cash’ go to?
  •  Major categories of cash flow.
  •  Statement of cash flows.

Module 5: Interpretation of Financial Statements

Introduction: Why Interpret F.S?

Ratio Analysis.

  •  Group 1: Liquidity Ratios
  •  Group 2: Profitability Ratios.
  •  Group 3: Capital Structure Ratios
  •  Group 4: Efficiency Ratios

Module 6: Cost Characteristics and Behavior

  •  Introduction.
  •  Variable and fixed costs.
  •  Direct and indirect costs.
  •  Product costs and period costs.
  •  Controllable and non-controllable costs.
  •  Standard and actual costs.
  •  Profit from different cost structures.
  •  The break-even chart.

Module 7: Standard Costing

  •  Setting standards.
  •  Flexible budgets.
  •  The anatomy of variances: materials and labor.
  •  Responsibility for variances.
  •  Variable and fixed overhead analysis.
  •  Investigation of variances.
  •  Sales variances.

Module 8: Budgeting

  •  Budget definition.
  •  Types of budgets?
  •  Case study.

About Change International Business Training

When communicating with investors and business owner, I often ask them: “If you face some problems in managing your business, what would you do?” Although everyone differs in the name of the consultant he would resort to, two final points remain common when they describe that consultant they trust: capability and quality.
Capability means that the business consultant providing you with different and rich business solutions has to be ambitious to provide unique services and products with high quality to meet the needs of your estimated institution and can create an added value for you; quality means to be committed in its quest for excellence to reach beyond what you imagine.
As a business solution company, We_they centers around one point: the continuous improvement of the business solutions it provides through direct contact with business world needs and its changing nature.
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