Accounting P1 | November 2020 | Revision – VirtualX MasterClass Series

Accounting P1 | November 2020 | Revision – VirtualX MasterClass Series

Master Financial Acumen: Dive into the essential aspects of accounting with "Accounting P1 | November 2020 | Revision – VirtualX MasterClass Series." This course provides students with vital techniques for mastering financial statements, managing assets, and understanding key accounting principles. By breaking down complex topics and integrating real-world examples, this course ensures learners can effectively apply these concepts in their studies and future careers.

Course Highlights:

• Fixed Assets and Depreciation: Delve into the acquisition, management, and disposal of fixed assets, and understand various depreciation methods and their applications.
• Comprehensive Income Statements: Learn to construct and analyze income statements, focusing on accurate financial reporting and adjustments for bad debts, director’s fees, and more.
• Financial Indicators and Cash Flow: Master the skills needed to interpret cash flow statements and financial indicators to assess a company's performance and financial health.
• Corporate Governance: Explore the roles and responsibilities of directors and auditors, understand corporate governance practices, and learn the importance of internal controls.

Course Objectives:

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

• Perform precise financial calculations that reflect the economic activities of a business.
• Prepare and interpret cash flow statements to assess the financial health of a business.
• Utilize financial data to support business decision-making processes effectively.

What You Will Learn:

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