To develop the skills and knowledge for responsible financial management through the study of basic accounting procedures, and the principles involving balance sheet and profit and loss reporting.
Each course takes around ten hours of self-paced time. Included in the purchase price is up to two hours of one on one online coaching.
Aims
To develop an understanding of the basic fundamentals in the accounting process.
Objectives
As an outcome of completing this topic you will be able to:
- To explain basic accounting terms.
- To be able to interpret a balance sheet and profit and loss statement
- To understand the structure and requirements of an operations budget.
- To understand the concept of cost centre/profit centre operations.
- To identify the key costs in an operations area and the processes for controlling these costs.