Unit Standard: 117156
NQF Level: NQF 4
Credits: 4
Course Category: Finance
Accredited
Duration: 2 Days
Time: 8:30am-4:00pm

Official course name: Interpret basic financial statements

WHO SHOULD ATTEND
• Managers at all levels
• Office managers
• Administrators
• Finance clerks
• Anyone in business with a need to understand financial statements, ratios and concepts
• Business owners and entrepreneurs

HOW YOU WILL BENEFIT
• Learn the terminology of finance and accounting, including assets, liabilities, expenses, profit and cash
flow
• Understand the balance sheet and be able to determine your business’s financial position
• Analyse income statements, balance sheets and profit and loss statements in order to evaluate business
results and to make informed decisions
• Develop a working knowledge of working capital and cash flow management
• Learn to compile statements of assets and liabilities
• Understand the difference between management reporting and external reporting

WHAT WILL BE COVERED
• Basic bookkeeping and accounting terms
• Debits & credits
• Assets and Liabilities
• Drawing up and understanding the income statement and the balance sheet
• Managing cash flow and working capital
• Developing your own budgets and cash flow forecasts
• Management accounts vs external accounts
• Understanding ratios and their relevance to decision making