The Effective Accounts Assistant Training Course
Accounting, Finance and Budgeting Training

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The Effective Accounts Assistant Training Course
Course Overview:
The Effective Accounts Assistant Training Course enables participants to possess an adequate knowledge of financial information and reporting and the practical applications of the concepts taught.
The course addresses such issues as the fundamentals of accounting, the basic language of finances, and the outline of financial statements. Participants will be able to utilize financial documents and data such as profit and loss accounts, balance sheets, and cash flow statements.
Apart from this, the training focuses on the management of inventory, fixed assets, the completion of the cash cycle, and the valuation of inventory. Furthermore, participants will obtain competencies in costing, budgeting, and forecasting and the ability to critically evaluate finance and accounts data.
This course is for all those who wish to improve their knowledge in accounting, especially those who will work with accountants or do payroll.
Course Objectives:
By the end of the Effective Accounts Assistant training Course, participants will be able to:
- Full understanding of financial information and reporting supported by a foundation of the important aspects of theory together with practical methods and techniques.
- Comprehend the basic areas of accounting and finance, the terminology and the structure.
- Learn a range of practical analytical skills for interpreting and handling financial information.
- Comprehend the vital components of accounting in the context of a practical working environment.
- Have confidence in dealing with financial information, particularly when reviewing other companies’ financial data.
- The ability to read and interpret information presented in financial reports.
Who Should Attend?
The Effective Accounts Assistant Training Course ideal for:
- Anyone who is familiar with accounting principles already, wants to get started working with accountants in the accounting and payroll field, looking for more training, or just interested in this field of study.
Course Outlines:
Comprehending different kinds of Financial Information
• Who uses financial information and why?
• The flow of information in a company.
• Recognizing different kinds of information and what it is derived from.
• Fundamental accounting terminology explained.
• Reporting formats.
The Cash Cycle
• Cash versus profit.
• The flow of money in and out of a company.
• How this is managed and controlled.
• Customers & Suppliers: The collection and payment processes.
• Where finance comes from.
• Basic cash flow statements.
Inventory and Fixed Assets
• Establishing the value of a companies’ inventory.
• Different techniques of valuation.
• How fixed assets are recorded.
• Asset lives and depreciation.
• The physical verification of assets.
Financial Statements
• Comprehending the composition of the Profit and Loss Account.
• Computing profitability ratios.
• The Balance Sheet explained.
• Utilizing financial ratios.
• Interpreting results and making comparisons between companies.
Costing and Budgeting
• How we classify costs and set standards.
• Different costing methods used in business.
• Basic forecasting techniques.
• Preparing a departmental budget.
• Comparing actual performance with the budget.