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Fundamentals of Financial Accounting - Revised 2017

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Fundamentals of Financial Accounting - Revised 2017
  • Description
  • Outcome
  • Certification
  • This Fundamentals of Financial accounting course introduces the learner to the key ratios and their role in accounting, the cause and impact of common accounting issues as well as the specifics of balancing transaction on a daily basis. You will get an overview the budgeting.and managing cash flow, how prepare profit and loss statements and how to account for depreciation.

    There is also an overview of the causes of commons risks to small businesses and you will also learn about inventory control and how to depreciate stock over time.

    This course will be of interest to anybody wanting to set up their own business as it will help them read and understand their accounts. It will also be of interest to anybody who want to learn about managing financial within their organisation.

  • Having completed this course you will be able to:


    • List key tasks in preparing your accounts
    • Identify the main accounting ratios
    • Discuss the need to analyse your accounts
    • Explain how to prepare a profit and loss statement
    • Explain what the cash flow statement is used for
    • Eiscuss the risks the small business may encounter
    • Discuss the process for recording stock
    • Discuss the different ways of depreciating stock

  • All Alison courses are free to study. To successfully complete a course you must score 80% or higher in each course assessments. Upon successful completion of a course, you can choose to make your achievement formal by purchasing an official Alison Diploma, Certificate or PDF.

    Having an official Alison document is a great way to celebrate and share your success. It is:

    • Ideal to include with CVs, job applications and portfolios
    • A way to show your ability to learn and achieve high results

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