Understanding Financial Reports
Accounting for non-accountants
What's on this page?
Overview
An enjoyable and well-proven Short Course designed to help managers, executives and any users of accounting information better understand the language of accounting and what accounting reports really mean. It begins with some basics of accounting then moves quickly into the format, content and meaning of accounting reports applicable to small, medium and large businesses.
Topics Covered
- The language of accounting
- The accounting process
- The format of a Statement of Financial Performance and what the numbers tell us
- The format of a Statement of Financial Position and what the numbers tell us
- The format of a Statement of Cash Flows and how cash flows differ from measuring profit
- The theory and preparation of budgets
- Relevant case studies
Who should attend
Managers, executives and any users of accounting information will better understand the language of accounting and what accounting reports really mean.
Outcomes
- Explain some of the terminology used by accountants
- Explain how "the accounting process" works
- Familiarise you with the structure and presentation of accounting reports
- Explain the techniques used from reading the accounting reports to evaluate financial performance, operating efficiency, solvency and cash flows
- Demonstrate how these techniques assist in the preparation of budgets
What Participants Say
"I had heard that 'Understanding Accounting' was an excellent course and I was not disappointed. The lecturer was great and took a potentially dry subject and turned into an informative and entertaining session. This course was an excellent way to provide some additional tools to the general business toolkit. I have found that basic concepts of being able to interpret financial statements have had a flow on effect to many other areas of work also."