Thinking of taking your knowledge in accounting to a more advanced level? Want to learn more than just what’s the basics or intermediate level ? This course is could be right for you!
Many people realise that having good knowledge about finances and accounting will allow them to help businesses they work for, or own, to reach the next level. By understanding what is making your business money, and what isn’t – a truly profitable business can be built.
This course caters for the intermediate skill level target and includes:
- How to perform calculations on your financial reports
- Why using calculations and metrics can take your business to the next level
- Budgeting, forecasts, cash flow-statements, and cash-flow
- More advanced concepts in financial accounting and management accounting
- Learning through professionally written course materials
- Plenty of examples and knowledge that you can apply to the real world
We also teach you how to look at accounting as a tool to grow your business.
Learning accounting is straightforward. The course is taught entirely online. So join today and boost your knowledge!
Potential Career Pathways Include:
Begin this course today with Auckland College and you’ll learn these new advanced concepts in accounting in no time. This course will teach you how to the fundamentals for your own business or for an employer. You’ll work towards achieving an intermediate/advanced level of skill and knowledge.
Pre-Requisite:
No formal qualification required, however:
This course is ideal for people who understand how to use accounting software and perform basic accounting calculations, and want to learn more.
You should already have basic level of accounting knowledge to do this. If not, check out our Introductory Book-Keeping Course.
Our Course:
Our course is one of the most unique of its kind, well supported with numerous practical examples and case studies. It takes a multi disciplinary approach to include real world examples. Having solid theoretical knowledge in these areas is essential to enter a better paying position as an administrator, accountant, business owner, executive assistant, and more. This is not a formal chartered accounting course or pathway, however teaches you advanced concepts that a chartered accountant would be expected to know. We make it easy to advance your knowledge.
Career paths:
• Business owner
• Accounting administrator
• Executive Assistant
• Finance Assistant
• Team Leader
• Operations Manager
• Process Improvement Specialist
• Executive Assistant
• Accountant
Section 1Introduction to Budgeting
Lecture 1Introduction to BudgetingFree Preview
Introduction to Budgeting
In business terms, the act of estimating the amount of income and expenses for a set period of time in the future is called budgeting.
A process much emphasized by shrewd business people who appreciate its true value and importance, a budget acts as a natural control tool for all of your planning activities.
At the end of this chapter, you will be able to answer:
- What is a Budget?
- Why is a budget is necessary?
- Budget’s role as a natural planning & control tool
- Additional benefits of accurate budgeting
Lecture 2Purpose of Budgeting
Lecture 3Budget as a Natural Planning & Control Tool
Lecture 4Additional Benefits of a Budget
Section 2Budget Implementation Cycle
Lecture 5Budget Implementation Cycle
Lecture 6The Planning and Control Cycle
Lecture 7Planning and control in the performance hierarchy
Section 3Master Budget
Lecture 8Master Budget
Lecture 9Components of Master Budget
Section 4Different Types of Budgets
Lecture 10Different Types of Budgets
Lecture 11Types of Budget
Section 5Components of Operating Budget
Lecture 12Components of Operating Budget
Lecture 13Sales/Revenue Budget
Lecture 14Production Budget
Lecture 15Purchase Budget
Lecture 16Direct Labour Budget
Lecture 17Manufacturing Overhead Budget
Lecture 18Variable Overhead Budget
Lecture 19Cost of Goods Sold Budget
Lecture 20Accounts Receivable Aging Schedule (ARAS)
Section 6Behavioural Dimension of Budgeting
Lecture 21Behavioural Dimension of Budgeting
Lecture 22Budgets as a Motivational Tool
Section 7Using Xero & MYOB in Budgeting
Lecture 23Using Xero & MYOB in Budgeting
Lecture 24Using Xero and MYOB in Setting up Budgets for Small & Medium Sized Businesses
Lecture 25Setting Up Budget in Xero
Lecture 26Setting Up Budget in MYOB
Section 8Introduction to Cash Flow Statements
Lecture 27Introduction to Cash Flow Statements
Lecture 28Cash Flow Overview
Lecture 29Cash Flow Activities
Lecture 30Information Required for a Cash Flow Statement
Lecture 31Measuring Cash Flow
Section 9Managing Cash Flow
Lecture 32Managing Cash Flow
Lecture 33Cash Flow Projections
Section 10Calculating Changes in Cash Flow
Lecture 34Calculating Changes in Cash Flow
Lecture 35Computing Changes in Cash Flow
Lecture 36Calculating Cash Flow from Operations
Lecture 37Calculating Cash Flow from Investment
Lecture 38Calculating Cash Flow from Financing
Section 11Worksheet Approach in Cash Flow Statements
Lecture 39Worksheet Approach in Cash Flow Statements
Lecture 40Prepare a statement of cash flow with a worksheet approach
Lecture 41Reason and focal points
Lecture 42Format
Lecture 43Sections of a worksheet
Lecture 44Worksheet for Statement of Cash Flow
Lecture 45Statement of Cash Flow
Lecture 46Statement of Cash Flow in Xero Accounting Software
Lecture 47Statement of Cash Flow in MYOB Accounting Software
Section 12Introduction to Financial Statement Analysis
Lecture 48Introduction to Financial Statement Analysis
Lecture 49What is the importance of doing this module, and why does it matter?
Lecture 50How will financial analysis make you a better business person or accountant?
Lecture 51How will financial analysis make you a better business person or accountant? (Continue...)
Section 13Horizontal & Vertical Analysis of Financial Statements
Lecture 52Horizontal & Vertical Analysis of Financial Statements
Lecture 53Prepare income statements using net sales as the base: vertical analysis
Lecture 54Common size income statement
Section 14Calculating Different Financial Ratios
Lecture 55Calculating Different Financial Ratios
Lecture 56Calculate the current ratio and the quick (or acid test) ratio
Lecture 57Calculate the average accounts receivable, the accounts receivable turnover ratio, and the accounts receivable turnover in days
Lecture 58Calculate the average inventory, the inventory turnover ratio, and the inventory turnover in days
Lecture 59Calculate the times-interest-earned ratio
Lecture 60Calculate the Debt Ratio and the Debt to Equity Ratio
Lecture 61Calculate the return on sales
Lecture 62Calculate the average total assets and the return on assets
Section 15Performing Financial Statement Analysis on Xero and MYOB
Lecture 63Performing Financial Statement Analysis on Xero and MYOB
Lecture 64Using Xero & MYOB for Financial Statement Analysis
Lecture 65Financial Analysis in Xero Accounting System
Lecture 66Financial Analysis in MYOB Accounting System
Section 16Chartered Accounting Course Quiz 1
Lecture 67Chartered Accounting Course Quiz 1
Section Quiz
Section 17Chartered Accounting Course Quiz 2
Lecture 68Chartered Accounting Course Quiz 2
Section Quiz
Entreprenuer
Small Business Owner
Chief Financial Officer
Accountant
Secretary
Office Manager
