Accounting for Non Accountants

Course Summary

Do you need to understand how accounts and budgets are put together?  Can you look at a Balance Sheet or a Profit & Loss Statement and identify what’s important?  What’s the difference between sales margin, profit margin, gross margin?  Fed-up with not knowing the meaning of terms like EBITDA and EBIT?  What are debits and credits?  Why should it matter what type of depreciation method is used?  What is management accounting?  Is profit or cash flow more important?

Anyone in business will work far more effectively when they understand the commercial realities of running a business. Each of us needs to ensure that we have a solid grounding in the basics of commerce to improve business results.

If you’re working in an Operational role or in Sales, you really need to understand accounting terms and philosophies.  Perhaps not in detail, but certainly in overview.

If you aspire to a management position (or want to further your career in management) and you don’t have training or a background in accounting, you will be at a disadvantage as you sit around the management table.  In today’s business world, it’s essential to have a working knowledge of accounting. Understanding the cycle of accounting will help you figure out where you fit into your company’s financial structure, and how to assess the financial status of current  and prospective customers and suppliers.

This workshop will familiarise you with the key concepts of business and accounting and help you prepare and work with budgets with more confidence.

Key Information

COURSE FEES

$1950

Book and Pay Online Discount Price: $1650

LOCATION

Melbourne, Sydney

COURSE SESSIONS

See Session Times Below

Course Sessions

Upcoming Events
Jul 10

Accounting For Non Accountants (Sydney)

July 10
Sydney NSW
Australia
Aug 23

Accounting For Non Accountants (Melbourne)

August 23 @ 8:30 am - August 24 @ 5:00 pm
Melbourne Victoria
Australia
Oct 16

Accounting For Non Accountants (Sydney)

October 16
Sydney NSW
Australia

COURSE CONTENT

  • Building Blocks
    • The building blocks:
      • Operating Budgets,
      • Sales,
      • Assets and Liabilities
  • Profit & Loss Statement
    • Types of Costs
    • Depreciation
    • Straight-Line Depreciation
    • Declining-Balance Method
    • Financing Cost and Amortisation
    • Accounting Ratios
    • Profit Margin
    • Sales Margin
    • Gross Margin
    • Break Even Point
      • Other Ratios
  • Cost Benefit Analysis
    • How to do a Cost Benefit Analysis
  • Basic Accounting Terminology
    • Assets & Liabilities
    • Owners’/Shareholder’ Equity
    • Bookkeeping Debits and Credits
    • Understanding Accounts
    • Trial Balance
    • Debits and Credits to Accounts
    • The Accounting Equation
  • Balance Sheet
    • Different types of Assets and Liabilities
      • Current Assets & Liabilities
    • Non-Current Assets and Long-term Liabilities
    • Balance Sheet Analysis
    • Benefits of Analysing the Balance Sheet
    • Analysing the Balance Sheet
  • Cash Flow
    • Cash Versus Accrual Accounting Methods
  • Financial Ratios
    • Types of Financial Ratios
    • Cost Plus Pricing
    • Return on Investment
  • Accounting Conventions
    • Key Characteristics of Accounting Information
    • The Learning & Growth Perspective
    • The Business Process Perspective
    • The Customer Perspective
    • The Financial Perspective
  • Budgeting
    • How Budgets are put together
    • Tricks and Traps
    • Arguing your case

OUTCOMES

  • Enhance their decision making skills by integrating accounting and management concepts into their thinking
  • Appreciate the flow of transactions through their department and the business as shown by the accounting system
  • Understand the budgeting process and forecasting techniques
  • Understand how a Balance Sheet and P&L are prepared
  • Assess the financial performance of their company
  • Feel comfortable with accounting concepts

PREREQUISITES

Not Required

MATERIAL REQUIRED