Many of us flinch when we hear terms like depreciation, cash flow, balance sheet, and (worst of all!) budgets. However, these are all important concepts to understand if you’re going to succeed in today’s business world, particularly as a supervisor. Even better, financial terms are not as scary as they seem!
What Will Students Learn?
- Describe the art of finance and key financial terms
- Determine your role in company finances
- Find the rules and regulations for your area and industry
- Discuss various types of financial reports, including income statements, balance sheets, cash flow statements, and statements of retained earnings
- Explain how a chart of accounts is created
- Tell the difference between cash and accrual accounting
- Explain single-entry and double-entry bookkeeping
- Differentiate between debits and credits
- Identify and analyze important financial data and make financial decisions
- Read annual reports
- Determine whether a company is financially high or low risk
- Recognize different types of organizational financial plans
- Explain what budgets are and how to prepare them
- Recognize what computer skills you need to make you a financial whiz
- Deal with financial situations that impact the people that work for you
What Topics are Covered?
- Getting the facts straight
- The accounting cycle
- The key reports
- Keeping score
- A review of financial terms
- Understanding debits and credits
- Your financial analysis toolbox
- Identifying high and low risk companies
- The basics of budgeting
- Working smarter
- People and numbers
After taking this course, you may get a certificate certified by the Filipino Institute, an internationally-accredited organization, for a fee of AED50. The same certificate may also be attested by the Knowledge and Human Development Authority (KHDA) and the Ministry of Foreign Affairs (MOFA).
To know more about this program, email onlinelearning@filipino-institute.com.
Course Features
- Lectures 37
- Quizzes 1
- Duration 18 hours
- Language English
- Students 2006
- Assessments Yes
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Course Overview
Many of us flinch when we hear terms like depreciation, cash flow, balance sheet, and (worst of all!) budgets. However, these are all important concepts to understand if you’re going to succeed in today’s business world, particularly as a supervisor. Even better, financial terms are not as scary as they seem!
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Getting the Facts Straight
The first session will go over basic financial terms. Then, participants will explore their role in company finances as well as important players in an organization’s finances. To wrap up the session, participants will receive some resources for learning about the governing organizations in their area.
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The Accounting Cycle
Next, participants will learn about the four phases of the accounting cycle. They will also learn about key underlying concepts, including cash vs. accrual methods of accounting.
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The Key Reports
In this session, participants will take a close look at balance sheets and income statements. They will also review cash flow statements and statements of retained earnings. The session will conclude with a review activity.
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Keeping Score
This session will explain the chart of accounts and single vs. double entry accounting.
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A Review of Financial Terms
Introduction to some additional financial terms.
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Understanding Debits and Credits
This session will de-mystify two terrifying accounting terms: debits and credits.
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Your Financial Analysis Toolbox
This session will give participants some sources for financial data as well as tips on weeding out useless information. We’ll also cover how to calculate common ratios, how to read an annual report, and some useful decision making tools.
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Identifying High and Low Risk Companies
In this session, participants will learn about some guidelines for identifying high and low risk companies. Then, they will practice these guidelines in a case study.
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The Basics of Budgeting
Next, participants will learn what a budget is, how their budget should fit into the big picture, and what the budgeting process should look like.
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Working Smarter
This session will give participants a basic checklist of computer skills required for success. We’ll also talk about how to choose an accounting package.
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People and Numbers
Dealing with finances isn’t all numbers. What if an employee’s expense report doesn’t look correct? Or what if you have to make cuts to someone’s pay? Participants will examine each situation in small groups, and then provide some tips on what to do.
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caramel26
A Bunch of Prayers to All
Thankful for the FREE Education Lesson. To ability to learn is a skill, The willingness to learn is a choice. Thank You FI -
Canoza@2021
Thank you FI
Appreciated your free course and it is really very helpful mostly to those people who are willing to learn and to get more knowledge -
Winnie Huganas
Grateful and Thankful
I would like to express my respect and gratitude behind Filipino Institute free online course objective. It is so incredibly nice to grab such an opportunity like this. I have been conquered my obsession to figures. Through Filipino Institute , I fulfilled my dream course 'Accounting". I fully gained knowledge, skills that help me in my future career and in life in general. Thank you so much and more power. -
philjho
THANKFUL
Additional knowledge for me and it is helpful. Thank you so much. -
Sheena calope
Thank you FI
helpful for like me OFW and want to have additional knowledge - Loading...