The Effective Accountant: Skills Improvement Methods

The Effective Accountant: Skills Improvement Methods Course will cover the following topics and more:

Understanding Different Types of Financial Information

• Basis Accounting Terminology Explained
• The Flow of Accounting/Financial Information
• Distinguishing Different Types of Information and what is derived from
• Reporting formats

Cash Cycle

• Cash versus Profit
• Basic Cash flow Statements
• Collection and Payment Processes
• How this is managed and controlled

Inventory and Fixed Assets

• Asset lives and depreciation
• The Physical Verification of Assets
• Different Methods of Valuation
• How fixed assets are recorded

Financial Statements

• The Balance Sheet Explained

• Using Financial Ratios
• Profit and Loss Account
• Computing Profitability Ratio
• Interpreting Results and Comparisons

Costing and Budgeting

• Basic Forecasting Techniques
• Preparing a Departmental Budget
• Comparing Actual Performance with the Budget
• Different Costing Methods used in Business

Course Booking

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