Accounting for Managers: 03. Advanced Financial Accounting
Mastering Financial Insights: Advanced Strategies for Effective Business Management
Sentinel 9
Summary
- Reed courses certificate of completion - Free
- Tutor is available to students
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Overview
Explore the depths of financial and management accounting in Accounting for Managers: 03. Advanced Financial Accounting. This comprehensive course emphasizes critical evaluation of financial statements and practical cost-management strategies, enhancing your decision-making skills in business management. Ideal for career progression in the dynamic accounting field
Certificates
Reed courses certificate of completion
Digital certificate - Included
Will be downloadable when all lectures have been completed
Curriculum
Course media
Description
BACKGROUND:
Working Capital and Liquidity – Debtors, Creditors and Inventory Day
In accounting and financial statement analysis, working capital is defined as the firm’s short-term or current assets and current liabilities. Net working capital represents the excess of current assets over current liabilities and is an indicator of the firm’s ability to meet its short-term financial obligations.
A pure accounting measurement of working capital is the difference between Current Assets and Current Liabilities (Working Capital = Current Assets – Current Liabilities).
LEARNING OUTCOMES:
Upon the completion of this module, users will be able to:
• Determine various ratios and calculate using standard job costing, process costing, activity-based costing, JIT inventory system, EOQ model, and the concept and application of standard costing including: Working Capital & Liquidity – Debtors, Creditors & Inventory Days; Cash Flow Statement – Operational & Reporting Formats; Economic Value Added (EVA) & Cash Flow Return on Investment (CFRIO); Key Ratio Analysis – Short Term Acid Tests & Long Term Viability.
Who is this course for?
- Accountants
- Bookkeepers
- Students
- Self Employed Individuals
- Managers
- Business Owners
- Start-up Companies
- Executives
Requirements
- No prerequisites.
- No materials distributed.
- No formal assessments required
Career path
- Business Analyst
- Business Risk and Governance Consultant
- Certified Practicing Accountant
- Chartered Accountant
- Chartered Tax Adviser
- Chief Financial Officer
- Corporate Secretary
- Financial Analyst
- Financial Controller
- Financial Project Manager
- Forensic Accountant
- Wealth Management Consultant
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This course is advertised on Reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.
