Accounting and Finance for Non-Financial Professionals - Workshop
Develop an understanding of business and accounting principles, enabling you to meet the requirements of your job effectively.
This activity will provide a comprehensive foundation of the nature, purpose and scope of accounting, budgeting and finance.
It will simplify general accounting and finance terminology, and explain the evaluation and use of financial information.
Specifically, the principles of double entry, account codes, cost centres, object and project codes, plus the accounting process, accruals and balance day adjustments will be covered.
You will gain an understanding of principal financial statements - statements of comprehensive income, financial position and cash flows.
In addition, you will learn about budgeting, forecasting and management reports, control of variances, the difference between capital and operating expenditure, and how allocation affects financial results.
Plus, depreciation and allocation of overhead costs: GST and FBT.
- Demonstrate a clear understanding of accounting principles and terminology.
- Read and interpret financial statements
- Recognise the double entry system, accruals and the accounting cycle.
- Discuss the differences between capital and operating expenditure and how the different treatment of items can affect results.
- Recognise the budgeting and forecasting process.
- Prepare and manage your own budgets
BenefitsYou will gain clarity on accounting principles and terminology, and know how to read and interpret financial statements. You will also understand why processes and tasks are implemented in a certain way, and be better equipped to handle the financial responsibilities of your job.
Topic: Business Mindset
Sub-Topic: Operational Excellence
CPD: Upto 12 hours