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Accounting for Managers: 03. Advanced Financial Accounting
Sentinel 9

Mastering Financial Insights: Advanced Strategies for Effective Business Management

Summary

Price
£18 inc VAT
Study method
Online, On Demand 
Course format
9 Videos (with subtitles and transcripts), 1 PDF and 1 Quiz
Duration
1.1 hours · Self-paced
Qualification
No formal qualification
Certificates
  • Reed courses certificate of completion - Free
Additional info
  • Tutor is available to students

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

Curriculum

This course contains

Format: 9 Videos (with subtitles and transcripts), 1 PDF and 1 Quiz

Duration: 1h and 9m

    • 1: Course Text 42:00
    • 2: Working Capital & Liquidity – Debtors, Creditors & Inventory Days Preview 01:41
    • 3: Permanent and Cyclical Working Capital 01:33
    • 4: Forms of Working Capital Financing 03:22
    • 5: Determinants of Working Capital 01:46
    • 6: Cash Flow Statements - Operational and Reporting Formats #1 04:16
    • 7: Cash Flow Statements - Operational and Reporting Formats #2 01:08
    • 8: Economic Value Added (EVA) & Cash Flow Return on Investment (CFRIO) 02:23
    • 9: Cash Flow Return on Investment (CFROI) 00:59
    • 10: Key Ratio Analysis – Short Term Acid Tests & Long Term Viability 05:11
    • 11: Knowledge Quiz 04:00

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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Legal information

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.

FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.
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