Welcome on this learning programme!

This online course is designed to equip managers with the essential knowledge and skills to comprehend, prepare, and interpret financial statements and results effectively. Throughout the course, you will delve into topics such as trial balances and various financial statements, including statements of profit or loss and other comprehensive income, alongside statements of financial position. You will gain insight into the main elements of financial statements and learn how to evaluate business efficiency by applying pertinent financial ratios to assess a set of financial statements. Whether you're new to financial analysis or seeking to enhance your existing skills, this course provides a comprehensive foundation for understanding and interpreting financial statements and results in a managerial context.

What you will learn:

At the end of this course, the learner should be able to:

• Apply lateral thinking to double entries, journals, ledgers, and trial balance.
• Interpret trial balance balances from a business perspective.
• Prepare year-end final accounts in the books of account.
• Explain the distinction between financial performance and financial position.
• Prepare a simple statement of profit or loss and comprehensive income.
• Prepare a simple statement of financial position.
• Identify the main elements of financial statements.
• Distinguish between gross profit, net profit, and cash on hand.
• Identify and discuss cost increase causes and reduction methods.
• Highlight methods to reduce business shrinkage.
• Discuss technical and fundamental analysis differences.
• Evaluate business efficiency using profitability, liquidity, and investment ratios on financial statements.

Course Content:

• The trial balance and the yearly cycle
• Year-end accounting entries
• Financial Statements (i.e. statement of profit or loss & statement of financial position)
• The effect of statement of comprehensive income items on net profit (sales, cost of sales, gross profit, operating expenses, interest, income tax)
• Shrinkage
• Analysis and interpretation of financial statements
• Investing in shares (equities)
• Gearing and investment ratios
• Limitations and benefits of ratio analysis

Note: The course content is extracted from the following e-course books published be Edge Learning Media:

• Principles of Cost and Management Accounting, ISBN 978-1-77612-068-0.
• Fundamentals of Bookkeeping & Financial Accounting, ISBN 978-1-77612-065-9.

Who Should Attend:

• Any individual that works within a managerial role that needs to understand and be able to prepare financial statements.

Entry Requirements:

There are no entry requirements for this course.

Course Structure:

This course is only available in an online learning format. The course includes learning activities, videos and quizzes.

Assessments:

Learners will need to complete the online quiz for this course.

Accreditation:

This course is not accredited.

Certification:

 A Certificate of Successful Completion will be issued upon completion of the course.

Duration:

1 week per learning unit / 9 weeks (2-3 months)