Objectives
Demystify the jargon
Understand accounting concepts and conventions
Introduce budgeting
Avoid common pitfalls
Course Content
The need to account
Statutory v Management Accounts
Concepts and Conventions:
Accounting Principles
Capital v Revenue
Profit v Cash
The impact of Value Added Tax
The Trading and Profit and Loss Account
The Balance Sheet
Depreciation
Working Capital
Introducing Budgeting:
Budgeting in perspective
The Capital Expenditure Budget
The Profit & Loss Budget
The Cash Flow Forecast
Interaction between the statements
Action planning
The course is supported by a detailed workbook which contains both worked examples and practical exercises, which together with model answers, provide a useful post-course reference.