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Accounting for Managers
Sentinel 9

Learn the Principles of Accounting

Summary

Price
£49 inc VAT
Study method
Online, On Demand
Duration
6 hours · Self-paced
Qualification
No formal qualification
Certificates
  • Reed courses certificate of completion - Free
  • Certificate of completion - £3

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Overview

This course introduces students to the fundamentals of financial and management accounting viewed from the perspective of the business manager. It focuses is on critical evaluation of accounting information contained in financial statements and application of key cost and management accounting techniques in daily business decisions. This course adopts a managerial and analytical approach to the financial aspects of business management. After studying these modules students will learn the methods used in financial reporting and interpretation and applying these principles to business practice. Students will gain a better understanding and interpretation ability of a company’s cash-flows and profit, different classes of assets, liquidity positions, operating efficiency. Management accounting modules will equip students with an understanding of key costs and managerial accounting techniques used in costs control, costs management and planning.

Certificates

Reed courses certificate of completion

Digital certificate - Included

Will be downloadable when all lectures have been completed

Certificate of completion

Digital certificate - £3

The certificate will be sent via email once the course has been completed.

Curriculum

6
sections
58
lectures
5h 59m
total

    • 1: Course Text 3:33:00

    • 13: Lecture 2.1: Financial Accounting 00:34
    • 14: Lecture 2.2: Financial Statements - Applications and Use 01:46
    • 15: Lecture 2.3: Profit and Loss Statement - Income Statement 02:20
    • 16: Lecture 2.4: Multi-step Income Statement 02:16
    • 17: Lecture 2.5: Expenses 01:47
    • 18: Lecture 2.6: Profit Before Tax and EBITDA 02:28
    • 19: Lecture 2.7: Inputs to Depreciation Accounting 03:29
    • 20: Lecture 2.8: Depreciation Journal Entries 00:46
    • 21: Lecture 2.9: Balance Sheet - Assets and Liabilities Statements 02:39
    • 22: Lecture 2.10: Inventories 01:15
    • 23: Lecture 2.11: Liability Accounts 02:14
    • 24: Lecture 2.12: Total Liabilities and Equity 00:40
    • 25: Knowledge Quiz 2 06:00

    • 26: Lecture 3.1: Working Capital & Liquidity – Debtors, Creditors & Inventory Days 01:41
    • 27: Lecture 3.2: Permanent and Cyclical Working Capital 01:33
    • 28: Lecture 3.3: Forms of Working Capital Financing 03:22
    • 29: Lecture 3.4: Determinants of Working Capital 01:46
    • 30: Lecture 3.5: Cash Flow Statements - Operational and Reporting Formats #1 04:16
    • 31: Lecture 3.6: Cash Flow Statements - Operational and Reporting Formats #2 01:08
    • 32: Lecture 3.7: Economic Value Added (EVA) & Cash Flow Return on Investment (CFRIO) 02:23
    • 33: Lecture 3.8: Cash Flow Return on Investment (CFROI) 00:59
    • 34: Lecture 3.9: Key Ratio Analysis – Short Term Acid Tests & Long Term Viability 05:11
    • 35: Knowledge Quiz 3 04:00

    • 36: Lecture 4.1: Management and Cost Accounting 03:00
    • 37: Lecture 4.2: What is Cost Accounting? 01:01
    • 38: Lecture 4.3: Material, Labour and Overhead Costing 02:04
    • 39: Lecture 4.4: Process Costing, Job Costing and Batch Costing 03:29
    • 40: Lecture 4.5: Job Costing 03:42
    • 41: Lecture 4.6: Activity Based Costing - Lean Operations 02:55
    • 42: Lecture 4.7: Steps in Developing and Activity - Based Costing System 02:19
    • 43: Lecture 4.8: Benefits and Limitations of Activity-Based Costing 01:50
    • 44: Lecture 4.9: Standard Costing and Variance 02:25
    • 45: Lecture 4.10: Standard Costing in GAAP and IFRS 03:49
    • 46: Lecture 4.11: Responsibilities for Variances 00:52
    • 47: Knowledge Quiz 4 03:00

    • 48: Lecture 5.1: Volume, Cost and Break-even Analysis / Cost-Volume Profit Analysis 03:09
    • 49: Lecture 5.2: Uncertainties and Quality of Input Data 02:11
    • 50: Lecture 5.3: Break-Even Chart 03:40
    • 51: Lecture 5.4: Inventory Management– Raw, Work in Progress (WIP) & Finished Goods 02:11
    • 52: Lecture 5.5: Reorder Point, Lead Time and Safety Stock 02:48
    • 53: Lecture 5.6: Budgeting & Capital Investment – Revex & Capex 03:30
    • 54: Lecture 5.7: Limitations of Accounting - Financial Reporting 03:14
    • 55: Lecture 5.8: Intangibles, Human Capital & Goodwill – Recognition and Valuation 01:29
    • 56: Lecture 5.9: Goodwill 01:31
    • 57: Lecture 5.10: Audit – Internal & External 03:06
    • 58: Knowledge Quiz 5 05:00

Course media

Description

Upon the completion of this subject, students will be able to:
• Develop a high-level understanding of the accounting process and fundamental accounting principles that underpin the development of financial statements (e.g. accrual accounting vs. cash accounting, definition, recognition, measurement and disclosure of assets, liabilities, revenues, expenses; inventory models, provisions, depreciation; accounting for intangibles).
• Undertake research and interpret the concepts and role of working capital, sources of working capital, ratios and their uses. Also, understand and use the concept of job costing, process costing, activity-based costing, JIT inventory system, EOQ model, and the concept and application of standard costing.
• Apply techniques from cost and management accounting, in deciding upon alternative courses of action using CVP analysis, capital budgeting techniques, inventory management model.
• Analyse and critically evaluate financial performance and financial position of a business using information contained in financial statements; balance sheet, income statement, and cash flow statement.
• Critically analyse, evaluate and interpret the working capital position and working capital management of a business.
• Calculate and interpret different liquidity ratio, solvency ratio and operating efficiency ratio. Also, use standard costing, calculate variances and interpret them. Also, calculate and interpret EVA.

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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