Advanced Financial Accounting

Upon completion of this course, you will be able to understand:
The purpose of accounting.
Why non-accountants need to understand accounting.
The basic terminology of business transactions.
How to prepare a cash budget.
The gross profit margin of a product and business.
The difference between cash and the profits of a business.
That a set of financial statements can be prepared from data included a trial balance.
The difference between revenue and capital expenditure and the significance of the distinction.
How to prepare a simple statement of profit or loss.
The purpose of a statement of financial position.
The assets and liabilities in a business.
What an accrual and a prepayment are and how to account for them.

This financial literacy course is suitable for: those who wish to understand the implications of decisions made across a range of financial accounting issues; those who wish to develop the ability to analyse, interpret, and question the accounting information they may encounter in a business context; those who wish to acquire a sound appreciation of accounting and finance in order to communicate and succeed in the business world; non-accounting staff who desire a practical introduction to the fundamentals of financial accounting.

Certificate.