Duration: 2 days

Introduction

All employees play a role in their organisation's financial life, whether directly or indirectly. After all, the main reason businesses exist at all, is to make a profit for their shareholders and in the process provide goods or service. The focus of this course is to give people an understanding of how their individual job contributes to the overall well being of the company.

We will be looking at money from both a business and personal point of view, thus showing candidates that good financial decisions cannot be made without a sound understanding of how money works.

It is our aim to” demystify” finance for those who find many of the definitions and jargon off-putting and for those who have never studied in this field.

The course attempts to give candidates a broad understanding of the financial workings of a business, be it a sole trader or a large multi-national corporation. An added benefit is that candidates will have a better sense of their role in their particular field at work.

Practical examples are used throughout the course. Group discussions around relevant current affairs will help candidates to connect the theory with real life.

Outcomes

At the end of this course participants will have learned:

• The basics - why we have to do accounting at all

• The accounting cycle / process

• How any transaction can be followed along the accounting process.

• The necessity of documents

• The accounting equation

• The Income Statement

• The Balance Sheet

• Simple formulae that illustrate what Financial Statements tell us.

Who should attend

• Anyone who wishes to make more sense of the world of money and finance but have never studied in this field.

• Non-financial employees who need to gain a better understanding of finance and how their jobs contribute to the bottom line.