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FINANCIAL MARKET COURSES

Accounting

Courses In This Course

This course describes the basic principles of accounting and the preparation of financial statements, namely the balance sheet, income statement, and cash flow statement. In addition, the course covers the ways in which accounting transactions flow through the various financial statements, and how the statements relate to each other. There is also a course that looks beyond the pure mechanics of the creation of the financial statements and views them in context with other sources of information.

Objectives

In this course, you will explore:

The main accounting concepts and conventions, including the important role of accounting standards and standard setters

The various elements that make up a balance sheet and where these are positioned on the balance sheet

The key elements of the income statement that enable you to make an informed judgment on a company's performance

The classification of activities in a cash flow statement and how to prepare and interpret such statements

The calculation and interpretation of some key ratios derived from financial statements

The ways in which accounting transactions flow through the various financial statements, and how the statements relate to each other

Fundamental considerations underpinning the use of financial statements

Learner Profile

This course is designed for:

New recruits to the asset management industry

Portfolio and money managers

Private banking/wealth management executives and client relationship managers

Product specialists looking for a broader view of the business

Non-client facing personnel requiring an understanding of the business they support

Institutional and individual investors

  •    ACCOUNTING - AN INTRODUCTION

    Overview

    For many, the term ‘financial accounting’ brings to mind the endless struggle to balance accounts and the confusion associated with double-entry, debits, credits, and so on. From the non-specialist’s perspective, however, the important skills to develop are not the skills of double-entry or accounts preparation, but the skills required to navigate and analyze financial statements so as to be able to make informed decisions.

     

    This course introduces the subject of financial accounting to those new to the area. It starts off with a broad look at what exactly financial accounting involves, before discussing the different types of financial statements. It also describes the main accounting concepts and conventions, including a look at the important role of accounting standards and standard setters.

    Course Duration

    60 mins

    Prerequisite Knowledge

    No prior knowledge is assumed for this course.

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  •    ANALYSIS OF THE BALANCE SHEET

    Overview

    The balance sheet provides a 'snapshot' of an organization at a particular point in time. It indicates the organization's financial strength, providing information about what it owns (assets), what it owes (liabilities), and the 'book value' of the business. Ratio analysis can also be performed on the balance sheet in order to gain valuable insight into the organization's performance.

     

    This course introduces the various elements that make up a balance sheet and shows where these are positioned on the balance sheet itself. It also discusses consolidated balance sheets (the balance sheet of a group of businesses), before concluding with balance sheet ratio analysis.

    Course Duration

    75 mins

    Prerequisite Knowledge

    Accounting – An Introduction

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  •    ANALYSIS OF THE INCOME STATEMENT

    Overview

    Users of financial statements attach great importance to the income statement (or P&L) statement. It's easy to see why; the income statement shows a company's revenue, its expenditure incurred in earning that revenue, and, finally, its net income or profit. A company's net income is an important indicator of its long-term prosperity and ability to create shareholder value.

     

    Investors, analysts, and other interested parties should not focus on income exclusively, however. Depending on accounting policies employed, the effect on reported income in the financial statements can be significant. This course introduces the various elements of the income statement, enabling you to look behind the key figures. With this knowledge, you should be able to make an informed judgment on a company’s performance.

    Course Duration

    75 mins

    Prerequisite Knowledge

    Accounting – An Introduction

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  •    ANALYSIS OF THE CASH FLOW STATEMENT

    Overview

    Using balance sheets and income statements, accountants are able to draw up cash flow statements that detail the areas where cash is being generated and ‘burned’ by a business. This is of crucial importance as it gives the users of accounts essential ‘supplementary’ information on which to base their decisions. The cash flow statement, while not a headline accounting statement, details how well cash is being managed and focuses the investment mind on the adage that ‘cash is king’.

     

    This course explains the important difference between cash and profit. It also shows how to classify activities in a cash flow statement and how to prepare and interpret such statements. The limitations of cash flow statements are also explained, in addition to the relationship between working capital and cash flow.

    Course Duration

    75 mins

    Prerequisite Knowledge

    Analysis of the Balance Sheet

    Analysis of the Income Statement

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  •    UNDERSTANDING FINANCIAL REPORTS

    Overview

    Those without a financial background commonly misunderstand the reality of financial reports and tend to assume that they are statements of unquestionable fact. In practice, financial reports are very often subjective in nature in that they allow latitude to those who prepare them. Different accounting treatments allow companies to 'window dress' their financial performance, thereby portraying a healthier picture of their financial position and performance.

     

    The focus of this course is to examine the primary financial statements in context with other sources of information and beyond the pure mechanics of their creation. Only with a rounded view of the spectrum of available information can an interested party make an informed view on a company.

    Course Duration

    60 mins

    Prerequisite Knowledge

     Accounting – An Introduction

     Analysis of the Balance Sheet

     Analysis of the Income Statement

     Analysis of the Cash Flow Statement

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  •    ACCOUNTING BASICS FOR FINANCE

       PROFESSIONALS

    Overview

    This course is designed for financial professionals who would like to obtain a better understanding of accounting. While most financial professionals have taken one or more accounting courses at some point in their careers, they frequently do not have a solid understanding of how various accounting transactions impact financial statements. There is a tendency to look at the statements themselves as static, standalone chronicles of what has transpired within a company, rather than as dynamic, interrelated recordings of events.

     

    Specifically, the course will address the ways in which accounting transactions flow through the various financial statements, and how the statements relate to each other. Ultimately, this knowledge will give financial professionals greater insight into how the operations of a company lead to the creation of those financial statements.

    Course Duration

    75 mins

    Prerequisite Knowledge

    Accounting – An Introduction

    Analysis of the Balance Sheet

    Analysis of the Income Statement

    Analysis of the Cash Flow Statement

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