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Accounting for Non-Accountants

Course Duration: 2 Days


 
Call 1300 POLLAK and discuss a tailored course for your team, business or organisation

 

Managers and senior sales staff will work far more effectively if they understand the commercial realities of running a business. Each needs to ensure that they have a solid grounding in the basics of commerce to improve business results generally and more specifically at the bottom line; a measure that is increasingly important as they move upwards in the business.


World Class Training

For managers in today's business world, it's essential to have a working knowledge of accounting. We all play a role in our organisation's financial health, whether we realise it or not. If you don't have training or a background in accounting, you may be at a disadvantage as you sit around the management table.

Understanding the cycle of accounting will help you figure out where you fit into your company's financial structure, and how to keep your department out of the red. This workshop will familiarise you with the key concepts of business and accounting and help you prepare budgets with more confidence.

Learning Outcomes

  • Enhance your decision-making skills by integrating financial management concepts into your thinking
  • Appreciate the flor of transactions through their department and the business as shown by the accounting system
  • Understand the budgeting process and forecasting techniques
  • Understand how a Balance Sheet and P&L are prepared
  • Assess the financial performance of their company
  • Feel comfortable with accounting concepts

 

Who Will Benefit

Managers and senior staff who need a solid understanding of accounting and commercial concepts.


Topics

  • Building Blocks - operating budgets, sales, assets and liabilities
  • Basic Accounting Terminology - assets & liabilities, owners'/shareholder equity
  • Bookkeeping Debits and Credits - understanding accounts, trial balance, debits and credits to accounts
  • The Accountant Equation - balance sheet, different types of assets and liabilities
  • Assets - current assets, non-current assets
  • Liabilities
 
  • Balance Sheet Analysis - benefits of analysing the balance sheet, analysing the balance sheet
  • Profit & Loss Statement - types of costs, depreciation, straight-line depreciation, declining-balance method, financing cost and amortisation
  • Break Even Point - profit margin
  • Cost Benefit Analysis - how to
  • Cash Flow
  • Accounting Conventions

"The real benefit from this course was that each manager was able to relate to ways and means that they could operate within their roles to have a direct affect on the company's cash flow and profitability."


"Already we've identified a number of areas which have achieved immediate cost savings or certainly to potential for future cost savings."
- RM, SAB WABCO


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