This course equips you with the skills to effectively compile, interpret, and analyse financial information and data. Understand the primary components of accounting, the significance of various financial statements, and how to identify discrepancies to ensure accurate financial reporting.
Our ready2manage titles focus on the specific skills required to manage operational functions. From strategic decision-making and performance optimisation to risk management and financial awareness, courses in this range target the evolving needs of aspiring to seasoned managers.
Learn to read and interpret key financial statements, including the Balance Sheet, Profit and Loss Statement (P&L), and Cash Flow Statement. Gain insights into the primary components in accounting, such as asset, liability, and owner's equity accounts, as well as income and expense accounts. Understand how to organise and store financial data effectively. Develop skills to analyse financial statements, identify discrepancies, unusual features, or queries, and use the operating budget to monitor financial performance.
Topics include: Report on Financial Activity: Compiling Financial Information and Data - Chart of Accounts - Primary Components in Accounting - Asset, Liability, and Owner's Equity Accounts - Income and Expense Accounts - Coding Financial Data - Reading and Interpreting Financial Statements - Analysis - Storage - The Balance Sheet - The Profit and Loss Statement (P&L) - Cash Flow Statement - The Operating Budget - Discrepancies, Unusual Features, or Queries - Analysing Financial Statements.
