Finance is a world of its own and coming to grips with all the different aspects of it takes a lot of time and effort.

But once some of the skills required have been mastered it opens up a whole range of new opportunities for career progression.

So if you think someone in your team would benefit from enhancing their skills, BizTech is running a course which covers the following topics:

Topics:

Key Accounting Concepts – Why do we need accounting?
Basic Bookkeeping: debits and credits, purchases and sales
How to allocate invoices received from suppliers to the most logical general ledger account
Naming ledger entries logically
Allocating remittances/receipts correctly
Bank reconciliations
Assets, liabilities and equity
Depreciation and accumulated depreciation
The step by step process, from a piece of paper, to the Income Statement
End of month and end of year processes
What is the trial balance?
What is the income statement?
What is the balance sheet?
Organisational skills – turning piles of paper into neat, organized entries in your accounting system
Document management: filing systems (both paper and electronic),
SARS requirements for document retention and retrieval
The value of invoices and delivery notes
Journal entries – when to use them
Payment authorizations
Confidentiality
Identifying Red Flags and potential fraudulent activity
Management accounts vs financial statements
Budgeting Basics

Who should attend:

Finance and Accounts staff
Debtors clerks
Creditors clerks
Finance administrators
Stock control administrators
General administrative staff

Outcomes:

Address queries with ease through a complete understanding of the accounting function

Reduce your and your manager’s frustration by getting things right the first time through understanding the process

Be able to take on more responsibility through a broader knowledge of the financial function

Have the knowledge required to be alert to possible fraud