Description
COURSE OVERVIEW
This course teaches how to accurately record accounting and financial transactions and how to analyse their effects; it explains how to manage and prepare accurate, professional final accounts, and how to interpret accounting data to control the enterprise and to manage costs, working capital and profits. It covers how to manage finances and raise new finance. It deals with bookkeeping, cost accounting and budgeting, investment and risk, and teaches how to make effective use of accounting data to make good financial decisions.
COURSE OBJECTIVE(S)
The objectives of this course are to:
- Provide accurate accounting information, capital and business finance.
- Understand the principles of bookkeeping and books of account, final accounts including financial accounting concepts, goodwill, prepayments and accruals and many others.
- Introduce profit & loss accounts, balance sheets, analysis, ratios, calculations, gross profit, net profit, wealth
- Equip with knowledge in stock turnover, principles of costing business needs and cost allocation.
- Provide knowledge on planning and forecasting, budgets and budgeting business needs.
- Understand stock and inventory control, credit, credit control, discounts and related information.
- Understand partnership accounts, departmental and branch accounts, hire purchase, interpretation of final accounts, pricing policy, auditors and auditing,
- Understand computerized accounting systems and ‘packages’ in a business world
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