COURSE OBJECTIVES:This course builds on the basic principles covered in the basic accounting principles course and develops these important concepts further. The course will enable those working in the accounting and finance functions to understand how these more complex book-keeping functions work, and interact with each other.
Case studies and worked examples will be used to give detailed explanations of how the fundamental accounting concepts work, are updated and interact with each other. Delegates will be given the opportunity to work through examples that reflect realistic everyday transactions they would come across in practice.
COURSE CONTENT
- Purchase and sales ledger control accounts: How these accounts assist in business'' credit control and cash flow
- Reconciliation of control accounts: why and how these accounts have to be reconciled to ensure that management and financial accounts are accurate
- Suspense accounts and the use of journal entries: when and how these tools are used
- Bank reconciliation statements: the importance of reconciliations to effectively control the business's financial position
- Fixed assets: disposals and revaluations
- Financial and management reporting: what are the basic statutory and good practice obligations that a company needs to comply with at the end of an accounting period
WHO SHOULD ATTEND
Staff with responsibility for preparing financial reports will gain a good understanding of how to maximise management accounting information; team leaders and those in a supervisory capacity will also gain useful insight into how to use financial reporting as an effective management control tool.
Would you like this course run in-house? Call us on 0207 566 8207 to find out more