BPP Professional Education
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This course will take you back to things you may have studied for your exams but then immediately forgotten because it wasn’t part of the day job – double entry bookkeeping, control accounts, financing issues, cashflows, accruals, prepayments. It will cover the life blood of a set of accounts to remind or inform you about how those figures get into the Profit and Loss and Balance Sheet.
It is intended to be a fun interactive day with exercises to remind you of the various terms and acronyms that surround the world of financial accounting and double entry.
Financial Accounting Refresher for Management Accountants 1 can be attended together with the second course Financial Accounting Refresher for Management Accountants 2, or either can be attended separately, depending on your level of need.
Venue may change up to 14-days before the course start date. Enquire for dates.
Learning outcomes include obtaining a greater understanding of:
- Setting up our own business!
- The fundamental concepts that help us bolt the primary statements together
- Books of prime entry
- The nominal ledger and the world of T accounts!
- The trial balance
- The journals! Including:
- Stock adjustments
- Accruals and prepayments
- Capital and revenue expenditure
- Depreciation and amortisation
- What makes an asset intangible?
- Debts and how to manage them!
- Bringing it all together and the joy of getting a balance sheet to balance!
- A quick look at how this theory is reflected in the existing accounting software that’s out there…
The course will also run an issues board throughout the day so if there are any best practice or technical questions that can’t be answered on the day, the answer will be found and reported to all attendees after the course.
Who is this course for?
This is the first of two courses for the management accountant who is being dragged kicking and screaming back to the world of all things financial accounting, having perhaps forgotten how these accounts are bolted together.
Many management accountants will spend most of their time looking at budget reports, investment appraisals and playing with various forecasting models. Often the basics get erased from the mind as the day job kicks in.
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