Accounting Fundamentals & Interpreting Financials - The Essential Course for Non-Finance People

Course Objectives

Please remember to bring a calculator with you.

Key Learning Outcomes

• Understand the importance of accounting and its role within organisations
• Learn how to explain key accounting concepts and principles
• Provide examples of assets, liabilities, revenues, expenses and equity with confidence
• Understand the concept of accrual accounting
• How accounting information flows through the accounting system
• Understand the role of each financial statement
• The accounting treatment of inventory, bad debts, depreciation and intangible assets
• Interpret financial statements by using financial statement analysis techniques
• Appreciate the importance of budgeting and learn how to prepare a budget
• Calculate the break-even point using cost-volume profit (CVP) analysis

Why this course is a must-attend

"Well structured, good content, excellent presenter"
Team Leader Corporate Services, Australian Federal Police

"Understood the topic extremely well used good real life examples, which made it easier to understand"
Branch Manager, Integral Energy

"Steves delivery style is great. Obviously very knowledgeable on topics"
Credit Control Business Analyst, Country Energy

"Excellent grounding in the fundamentals. Ill be challenging our accounts staff more regularly from now on!"
Commercial Leasing Manager, Perth Airport


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About the Course

The aim of this course is to provide you with a basic level of knowledge of accounting theory and practice so that you can understand how accounting data is used to help make decisions in organisations.

During this course you will understand key accounting concepts and principles as well as be able to explain the importance of each of the financial statements that form part of an annual report. You will also discover how management accounts prepared by internal accountants translate into a set of external financial statements.

Participants will also learn how to interpret and analyse a set of financial statements, using ratio analysis. Furthermore, participants will work through a case study using the 2006 financial report of a publicly listed Australian company.

The course concludes with the importance of budgeting within organisations where participants will learn the steps involved as to how to prepare a budget and calculate the break-even point using CVP analysis.

Please remember to bring a calculator with you

Who Should Attend

Any business executive who needs a refresher or needs to learn about finance and accounting fundamentals for the first time

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