Know your numbers

This course is specifically designed for anyone who wants to understand the basic fundamentals of accounting, analyse and interpret the main accounting reports prepared for decision-makers, prepare cash budgets and build basic business plans for controlling costs and setting prices. This series of three modules is particularly useful for small business owners and managers, and will help them to handle professionally the basic accounting needs of their businesses. No prior knowledge of accounting is necessary and bookkeeping is not covered in the Modules. Please bring a calculator and actual accounts that you use (if you wish).

Gain a robust foundation in accounting through:

• understanding the basic nature and concepts of accounting and the key accounting principles and rules
• constructing profit and loss statements, balance sheets, and cash flow statements
• understanding the differences between cash and accrual accounting
• understanding the cash flow cycle and ways to manage and improve cash flows
• understanding the nature of different types of costs incurred in running a business and understand how to manage those costs and how to set prices to achieve targeted outcomes (such as breakeven points).
• using accepted ratios to assess and improve financial performance
• understanding financial reports and financial news articles about major corporations

• Module information
• Module dates