Accounting and Finance in Business and Management

ACCOUNTING & FINANCE IN BUSINESS & MANAGEMENT

MASTER AND EFFICIENTLY CONTROL THE FINANCE AND ACCOUNTING FUNCTION

Duke Training Centre offers NEBOSH International General Certificate (IGC) comprehensive understanding of occupational health and safety principles and practices. NEBOSH offers the skills and understanding of how to fulfil the health and safety responsibilities requires of their roles in any country and any organisation.The programme is specifically designed for managers, supervisors and employee representatives to help manage risks more effectively. NEBOSH IGC focuses on international standards and management systems, enabling candidates in any industrial sector to efficiently execute workplace health and safety responsibilities.

Module 1 – The Need for Complete and Accurate Accounting Information

  • The need for full and accurate accounting information
  • Functions of accounting: recording and analysing transactions; reports and statements
  • Limitations of  financial statements
  • Accounting terms and meanings

Module 2 – Capital and Business Finance

  • Initial capital and financing businesses; sole proprietors, partnerships, companies
  • Working capital, income & expenditure, cash flow and liquidity
  • Financial decisions and investments
  • Financial assets, gearing and risk; investment appraisal

“I attended the University of South Pacific at Foundation Level before joining CIC. I now hold a CIC Diploma in Accounting, and Business Management, and I work at the Central Bank of the Solomon Islands.”

Victor Sokanghu wrote from Solomon Islands

Module 3 – Principles of Bookkeeping and Books of Account

  • Principles of bookkeeping, the ledge, double-entry bookkeeping
  • Books of account: cash book, sales book, purchases book, returns books, journals
  • The trial balance, manual and computerised accounts
  • Bank accounts: current, deposits, savings, interest

Module 4 – Final Accounts (1)

  • Financial accounting concepts
  • Goodwill, prepayments and accruals
  • Trading and manufacturing accounts
  • Statistics, percentages and ratios

Module 5 – Final Accounts (2)

  • Profit & loss accounts; information, layout, interpretation
  • Balance sheets; information, layout, interpretation, equity
  • Analysis, ratios, calculations
  • Gross profit, net profit, wealth; stock turnove

Module 6 – Principles of Costing

  • Purposes, benefits and limitations of cost accounting; key terminology
  • Different costing systems explained
  • Overheads and allocation
  • Standards, variances, activity based costing

Module 7 – Planning and Forecasting, Budgets and Budgeting

  • Business objectives, policy formulation; interpretation and implementation
  • Financial planning and forecasting
  • Budgets and budget preparation; sub-budgets and the master budget
  • Budgetary control, variances; inflation

Module 8 – Stock and Inventory Control

  • Stock management and control; inventory costs
  • Factors affecting the management of stocks and inventory
  • Stock levels; factors affecting levels set; types of levels
  • Stocktaking and valuation of stocks and work in progress

Module 9 – Credit, Credit Control, Discounts

  • Types and common forms of credit
  • The role and importance of credit
  • Credit control, credit limits and creditworthiness, dangers and bad debts
  • Discounts: types, purposes, accounting treatment

Module 10 – Partnership Accounts, Departmental and Branch Accounts, Hire Purchase

  • Special features of business partnership accounts, goodwill
  • Departmental accounts; purposes, analysis, apportioning expenses
  • Branch accounts; centralised, decentralised, consolidated trading, p&l and balance sheets
  • Hire purchase, accounting treatment, agreements

Module 11 – Interpretation of Final Accounts, Pricing Policy, Auditors and Auditing

  • Working capital management, cash and funds flows, liquidity, borrowing
  • Accounting ratios, interpretation & analysis, break-even analysis
  • Pricing policy, factors influencing selling prices
  • Auditing and auditors; duties, activities

Module 11 – Interpretation of Final Accounts, Pricing Policy, Auditors and Auditing

  • Working capital management, cash and funds flows, liquidity, borrowing
  • Accounting ratios, interpretation & analysis, break-even analysis
  • Pricing policy, factors influencing selling prices
  • Auditing and auditors; duties, activities

12 – Computerised Accounting Systems and ‘Packages’

  • Computers in accounting, characteristics of computers and systems
  • Components of accounting systems; hardware, software, databases
  • Applications and advantages of computerised accounting
  • Organisation and security of data; management information
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