L1: First-Line Management → L1: Finance and Admin.

Accounting Foundations (L1F01)


Description
COURSE OVERVIEW:

This comprehensive course in Accounting Foundations (Understanding Accounting) is designed for managers and staff who require a detailed understanding of accounting - including non-financial managers and executives, budget holders, accounts personnel and support staff working with accounts.

Managers today need to understand Finance. This involves moving beyond budgeting, and acquiring an understanding of the key concepts involved in the organization’s financial decision making. Typical questions non-financial managers should be able to answer include:

- What are the financial priorities we face?
- Is this project financially viable?
- Why is performance below or above budget?
- What can be done to improve cash flow?
- Why are profit margins under pressure?
- How can the return on capital employed be increased?
- Should we acquire this business or not?
- What’s the relative profitability of different products and different customers?”

The topics we cover in this course (and further courses in our finance management program) will enable you to answer these questions with confidence.

COURSE DETAILS

- Suitable For: First-line and Middle Managers
- Course Duration: 20 Hours
- Certification: Download your Certificate on completion
- Additional Resources: Download Learners manual, additional articles and worksheets

SEE COURSE EXCERPT BELOW:

Content
  • Understanding Accounting 1 - Getting Started
  • Video - What is Accounting?
  • Section 1: The Basic Principles of Accounting
  • Understanding Accounting 2 - The Purpose of Accounting
  • Video - A brief History of Accounting
  • Understanding Accounting 3 - Types of Business Entity
  • Video - Which Legal Structure?
  • Understanding Accounting 4 - The Basics of Accounting
  • Video - The Basic Accounting Equation
  • Understanding Accounting 5 - Bookkeeping
  • Accounting Foundations - Quiz 1
  • Section 2: Accounting in Practice
  • Understanding Accounting 6 - Debits and Credits
  • Video - Debits and Credits
  • Understanding Accounting 7 - Financial Statements
  • Video - 3 Types of Financial Statements
  • Understanding Accounting 8 - Accounting Standards
  • Video - The Importance of GAAP
  • Section 3: Essential Skills for Accounting
  • Understanding Accounting 9 - Mathematics for Accounting
  • Accounting Foundations - Quiz 2
  • Understanding Accounting 10 - Wrapping-up
  • Understanding Accounting - Course Evaluation
Completion rules
  • You must complete 90.00% of the content
  • Leads to a certificate with a duration: Forever