The Effective Accounts Assistant Training
INTRODUCTION
As an effective accounts assistant, you would be providing accounting and administrative support to accounting and finance staff to ensure customer and supplier accounts are accurate; receiving, processing and filing paperwork; and managing petty cash transactions.
The effective Accounts assistants help keep track of the money that comes in and goes out of a business. This course is designed to equip you with the skills that you need to be an effective Accounts Assistant. Upon completion of Effective Accounts Assistant Training course, you will have a good understanding of the financial process from purchase and sales Ledger to extended trial balance.
OBJECTIVES
In The Effective Accounts Assistant Training Course you will learn: Full understanding of financial information and reporting supported by a foundation of the important aspects of theory together with practical methods and techniques.
Comprehend the basic areas of accounting and finance, the terminology and the structure. Learn a range of practical analytical skills for interpreting and handling financial information. Comprehend the vital components of accounting in the context of a practical working environment. Have confidence in dealing with financial information, particularly when reviewing other companies financial data. The ability to read and interpret information presented in financial reports.
WHO SHOULD ATTEND ?
The Effective Accounts Assistant Training Course ideal for: Anyone who is familiar with accounting principles already, wants to get started working with accountants in the accounting and payroll field, looking for more training, or just interested in this field of study.
COURSE OUTLINE
Day 1
Comprehending different kinds of Financial Information
Who uses financial information and why?
The flow of information in a company.
Recognising different kinds of information and what it is derived from.
Fundamental accounting terminology explained. Reporting formats.
Day 2
The Cash Cycle
Cash versus profit.
The flow of money in and out of a company. How this is managed and controlled.
Customers & Suppliers: The collection and payment processes. Where finance comes from.
Basic cash flow statements.
Day 3
Inventory and Fixed Assets
Establishing the value of a companies inventory. Different techniques of valuation.
How fixed assets are recorded.
Asset lives and depreciation. The physical verification of assets.
Day 4
Financial Statements
Comprehending the composition of the Profit and Loss Account.
Computing profitability ratios.
The Balance Sheet explained.
Utilising financial ratios.
Interpreting results and making comparisons between companies.
Day 5
Costing and Budgeting
How we classify costs and set standards. Different costing methods used in business. Basic forecasting techniques. Preparing a departmental budget. Comparing actual performance with the budget.
