ACCOUNTING FOR NON-ACCOUNTANTS 1

Accounting for Non-Accountants

Business Challenge

In today’s business environment it is essential to be able to ask the right financial questions and understand the answers.

Accounting for Non-Accountants enables you to understand and interpret accounting reports and to use accounting skills to assist in making effective business decisions.

Financial reports are an increasingly invaluable tool for businesses. More than just a summary of statistics, financial statements provide an instrument to analyse business operations by its financial performance.

Accounting for Non-Accountants focuses on basic accounting concepts and processes. By establishing a foundation of knowledge of the accounting process, participants will be better armed to make informed management decisions.

Learning Objective

This two-day course aims to facilitate participant knowledge and skills to:

Understand accounting terminology
Understand accounting processes and practices used to measure and record business transactions
Understand the process of preparing financial statements
Analyze and interpret financial statements
Identify ways of using financial statements to acquire an insight into improving business operations

Target Audience

Managers of larger organisations who want a good understanding of financial reports and the ability to utilise this information productively.
Small to medium business owners who want more involvement with their company finances, enabling closer monitoring and control of its financial performance.
Bookkeepers or accounts clerks who want a greater appreciation of accounting terminology and processes.
Professionals who are working in, or wish to work in general management and are required to use and understand financial reports.

Content

Topics covered will include:

What is accounting and how does it support business operations
Accounting terminology
Transaction processing cycles and core business operations
Reporting operating/recurring and non-operating/non-recurring business transactions and what they mean
Preparing income statements, balance sheets and cash flow statements
Reading and interpreting balance sheets to pinpoint business strengths and weaknesses
Using income and cash flow statements to study operating performance