Accounting Masterclass

Learn at your own pace eLearning

This course introduces participants to the fundamental principles of accounting, explaining how transactions are recorded and the importance of the accruals principle.

Further modules look at what is presented in the Income Statement and what additional analytical numbers (EBIT and EBITDA) can be produced. The nature of working capital is explained and a module shows how to analyse operating working capital. Participants are then introduced to the components of equity before the programme concludes with three modules explaining the Cash Flow Statement and the cash flow rules.

Suitability

This course is suitable for anyone new to Accounting.

Learning Outcomes

Describe the Accounting Equation
Understand the link between profit and equity
Recognise the purpose of each main financial statement
Define a transaction and understand how they affect the Balance Sheet
Recognise which transactions change or don’t change total Balance Sheet size
Understand the difference between cash based and accruals-based accounting
Calculate the depreciable amount
Think about appropriate useful life assumptions
Consider straight line, accelerated and usage methods
Understand the structure of a Balance Sheet
Define assets and the major categories of assets
Define liabilities and equity and the major categories of these
Understand above and below the line
Think about equity and enterprise value
Understand the components of ‘the bridge’
Identify exceptional items
Construct an analytical Income Statement
Calculate EBITDA from the bottom up
Recognise the properties of a bond
Price a coupon bearing bond from a yield
Describe how a yield curve is generated
Analyse revenue growth, quality and volatility
Allocate costs to revenue costs and capital costs
Calculate margins for the Operating business
Define EPS
Calculate the relevant earnings figure
Time weight the number of shares
Calculate receivables days
Calculate inventory and payables days
Calculate and interpret the cash conversion cycle
Understand the relationship between margins and returns
Define RoCR, RoIC, RoA and RoE
Calculate key returns
Analyse non-current assets
Calculate goodwill
Understand the presentation of debt
Define positive and negative working capital
Define working capital and operating working capital
Understand the concept of the cash conversion cycle
Identify the components of equity
Interpret the Statement of Changes in Equity
Identify which reserves can be distributed
Identify operating, investing and financing cash flows
Use the cash flow rules for assets
Use the cash flow rules for liabilities and equity
Use Balance Sheet data for the Cash Flow Statement
Incorporate Income Statement and SoCiE information
Produce a simple Cash Flow Statement

Course Content

Unit 1 – Accounting Equation

Unit 2 – Balance Sheet 101

Unit 3 – Transactions

Unit 4 – Accruals

Unit 5 – Income Statement Structure

Unit 6 – Income Statement – Revenues and Operating Expenses

Unit 7 – Income Statement – Depreciation

Unit 8 – EBITDA

Unit 9 – Income Statement – Earnings Per Share

Unit 10 – Income Statement – Returns

Unit 11 – Balance Sheet: Working Capital Defined

Unit 12 – Balance Sheet: Analysing Working Capital

Unit 13 – Balance Sheet Assets Investments And Associates

Unit 14 – Balance Sheet Equity

Unit 15 – Cash Flow Statement – Operating, Investing And Financing Flows

Unit 16 – Cash Flow Statement – Building The Cash Flow Statement

This Course Includes

Learn: 16 micro-learning on-demand videos
Check: 16 knowledge checks to validate understanding
Apply: 16 hands-on practical exercises and projects
Requirements: Access to a computer with an internet connection
Accessibility: Access on PC, mobile or TV
Certification: Certificate of completion with CPD record

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of participants felt more confident in their role, following an Alpha commercial leadership course.

Why study with Alpha?

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We are thought leaders in instructional and learning journey design and holistic solution architects. We have extensive finance and investments experience combined with skills application to deliver performance improving results. We develop immersive learning environments that maximize time to productivity, support talent retention and added value to improving quality of hires.

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We are focused on mining the embedded organisational intellectual capital for the benefit of the next generation. We create and curate best in class practice gathered from our experience with the leading financial institutions. We design our programmes with the end in mind – what results are you trying to achieve with this intervention? What metrics will we set ourselves to achieve that?

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Quality and innovation, using current market and industry best practices, have made us a trusted partner in delivering dynamic and motivating training for the financial and capital markets. Our programmes are generation proof and responsive to evolving learner needs and styles. Our solutions use a multi-stakeholder engagement strategy that expands beyond relationships between the learner and learning provider. We create connections with managers, peers and the wider business to drive impactful return on investment..

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