Program Overview

1. Introduction to Financial Accounting

  • What is Accounting
  • Basic Accounting Concepts 1
  • Basic Accounting Concepts 2
  • Income and Expenditure Accounts, Trading Accounts, Manufacturing Accounts
  • Final Accounts
  • Requirements of the Companies Act

2. Finance and Raising Capital

  • Share Issues
  • Loans
  • Debentures
  • Dividends
  • Close Corporations, Companies
  • Legal Persona

3. Recording of Transactions

  • Basic Accounting Concepts
  • Double Entry
  • Books of Prime Entry

4. Financial Statements

  • Balance Sheet
  • Working Capital
  • Assets versus Liabilities
  • Income Statement
  • Income versus cost
  • Operating Profit
  • Net Profit
  • Inflation and its effects on Profits

5. Cost Control

  • Budgets
  • Breakeven Analysis
  • Marginal Costing
  • Standard Costing

6. Ratio Analysis

  • Usefulness
  • Liquidity
  • Profitability
  • Activity
  • Coverage

7. Tax

  • Basic Concepts
  • Trading Income versus Income
  • Tax Planning
  • Avoidance versus Evasion

8. Cash Flow Analysis

9. Capital Budgeting

  • Investment Decisions

10. Corporate Collapse

  • Assessment
  • Reasons
  • Window Dressing
  • Warning Signs
  • Predicting Trouble