Accounting – November 2018 | Revision – VirtualX MasterClass | Complete Course

Accounting – November 2018 | Revision – VirtualX MasterClass | Complete Course

Course Description:

Master Key Accounting Concepts: Dive into the essential elements of Grade 12 accounting with "Accounting – November 2018 | Revision – VirtualX MasterClass." This comprehensive course provides an in-depth exploration of manufacturing costs, direct labor costs, break-even analysis, VAT calculations, financial statements, and cash flow statements. Gain the practical skills and theoretical knowledge needed to excel in accounting, with a focus on real-world application and strategic decision-making.

Course Highlights:

• Manufacturing Costs Mastery: Learn to categorize and interpret manufacturing costs including administration, factory, and selling/distribution expenses.
• Direct Labor Cost Calculations: Accurately compute wages, account for hours worked, and strategically allocate bonuses.
• Break-Even Analysis: Determine break-even points to ensure no profit or loss, and strategize to maximize profitability.
• VAT & Financial Reconciliation: Master VAT calculations, correction of VAT errors, and the importance of creditors reconciliation.
• Financial Statements Analysis: Gain insights on crafting and interpreting income statements and balance sheets.
• Cash Flow Statement Proficiency: Explore cash flow management, including operating expenses, asset sales, and shareholder equity analysis.

Course Objectives:

By the end of this module, you will be able to:

• Perform precise financial calculations reflecting economic activities.
• Prepare and interpret cash flow statements to assess business financial health.
• Utilize financial data to support strategic business decision-making.

What You Will Learn:

• Financial Calculations: Techniques to compute key financial indicators and their implications.
• Cash Flow Analysis: Skills in crafting detailed cash flow statements and interpreting components.
• Decision-Making Tools: Methods to analyze financial data for strategic decisions.

Course Outcome:

Students will gain a thorough understanding of financial indicators and cash flow management, equipping them with the knowledge to effectively analyze and improve business operations.