Consult our trainings :
Business accounting, the essentials Training
- Participants / Prerequisite
Initiation into corporate management, from logs to major accounting documents: Balance sheet, profit and loss account, cash statement. Notions of cost accounting: Costing, profitability analysis and solvency analysis Awareness of statistical risk analysis (scoring).
- Understand the environment and know the main legal rules relating to corporate management.
- Awareness of the various components and operation of an accounting system
- Make accounting entries and balance them
- Perform costing using multiple methods: Full, partial, or specific costs.
- Determine profitability thresholds and calculate a solvency ratio
- The company and its environment.
- Different legal structures for a company.
- Balance sheet.
- Profit and loss account.
- Cash flow statement.
Case study Create a balance sheet and a profit and loss account.
- Principle and role of general accounting.
- Overview of the accounting system: Logs, T-accounts, general ledger, balance.
- Spotlight on balance sheet items.
- Spotlight on profit and loss account items.
Case study Accounting document analysis (General ledger, balance sheet, etc.). Design an accounting entry. Create a balance sheet.
- Switching from the notion of expenses (by type) to the notion of costs (by purpose).
- Method for calculating costs.
- Fundamental analyses: Relevant costs and decision tools.
- Different methods: Total, partial, and specific costs.
- Calculating margins.
- Analyzing and evaluating inventories: The "first in, first out" method, the weighted average unit cost method.
Case study Calculate costs.
- Determining the profitability threshold or "break-even" point.
- Defining and calculating profitability and solvency ratios.
- Building and explaining scorecards.
Case study Calculate profitability ratios. Analyze various scorecards.