Understanding different types of Financial Information

• Who uses financial information and why?
• The flow of information in a company
• Distinguishing different types of information and what it is derived from
• Basic accounting terminology explained
• Reporting formats

The Cash Cycle

• Cash versus profit
• The flow of money in and out of a company
• How this is managed and controlled
• Customers & Suppliers: The collection and payment processes
• Where finance comes from
• Basic cash flow statements

Inventory and Fixed Assets

• How we establish the value of a companies’ inventory
• Different methods of valuation
• How fixed assets are recorded
• Asset lives and depreciation
• The physical verification of assets

Financial Statements

• Understanding the composition of the Profit and Loss Account
• Computing profitability ratios
• The Balance Sheet explained
• Using financial ratios
• Interpreting results and making comparisons between companies

Costing and Budgeting

• How we classify costs and set standards
• Different costing methods used in business
• Basic forecasting techniques
• Preparing a departmental budget
• Comparing actual performance with the budget