COURSE DESCRIPTION:
Our Accounting for Managers: 02. Financial Accounting Fundamentals course is designed to introduce the fundamentals of financial and management accounting, viewed from the perspective of the business manager. The focus is on the critical evaluation of accounting information contained in financial statements and the application of key cost and management accounting techniques in daily business decisions. This course adopts a managerial and analytical approach to the financial aspects of business management. We will cover financial accounting, income statements, expenses, profit before tax & EBITA, depreciation, balance sheets, liabilities, and equity. By the end of this course, you will have broadened your understanding and skills in accounting fundamentals. Training in this discipline can pave the way for more opportunities for career advancement and allow you to explore some of the exciting career options available in this field.

Accounting for Managers: 02. Financial Accounting Fundamentals is Part 2 of the 5-part extended Accounting for Managers series presented by Sentinel|9. It features lecture-style videos, real-world case studies, downloadable materials, and self-knowledge quizzes. Gain valuable skills to help you manage your company and grow professionally by taking this course alongside others in the series.


LEARNING OUTCOMES:
Upon the completion of this module, users will be able to:
• Advanced Understanding of Financial Accounting: Gain a comprehensive grasp of financial accounting principles, including proficient handling and interpretation of income statements, expenses, and profit metrics.
• Strategic Evaluation of Financial Statements: Develop the ability to critically assess financial statements, ensuring the capability to derive insightful conclusions that inform strategic business decisions.
• Practical Application of Accounting Techniques: Leverage key cost and management accounting techniques to navigate and inform day-to-day and strategic business decisions, enhancing operational efficiency.
• Proficiency in Managing Financial Metrics and Statements: Acquire a detailed understanding of EBITA, depreciation, and balance sheet management, fostering a robust comprehension of financial health and its implications on business strategies.
• Expertise in Liabilities and Equity Management: Develop expertise in managing liabilities and equity to ensure organizational stability, risk mitigation, and informed decision-making in financial management.
• Application of Knowledge to Real-world Scenarios: Apply financial accounting theories and principles to real-world case studies, honing problem-solving skills and the ability to strategize based on financial insights.


TIME: Up to 2 Hours


OTHER INFORMATION:
• No prerequisites.
• No materials distributed.
• No formal assessments required.