AAT Business Finance Basics for finance professionals (Bundle)
This bundle of six online courses covers key areas of business finance including bookkeeping, budgeting, cash flow and financial statements.
Course Type
E-learning
Length
3 - 5 hours
What you’ll achieve
When you’ve completed the course, you’ll understand:
- the principles of bookkeeping including double entry
- the different categories of accounts and why they’re important
- how to enter transactions with confidence and avoid common bookkeeping errors
- the terms capital, equity, assets, liabilities, income and expenses
- how these terms link to the transactions of the business
- how this financial data comes together to calculate your profits
- how to interpret the financial statements of an organisation using ratio analysis
- how to assess the current position and recent performance of the organisation
- how to use financial statements to highlight areas of concern and identify opportunities for improvement
- the theory behind effective budgeting and how it contributes to the organisation’s vision and strategy
- how to produce forecasts so you can identify when cash shortfalls may occur
- best practice credit control processes to ensure you’re paid on time, every time
- how to monitor cash inflows and outflows
- the different methods used to plan budgets
- potential pitfalls that you might encounter during the process of setting a budget
- how to build an operational budget, including how to plan for changes in both prices and volumes
- how to monitor costs and revenues using variance analysis
- how budgets link to your profit calculations and cash flow.
About this course
With content drawn from AAT’s world-class accounting and finance qualifications, these six online courses cover the core skills that underpin sound financial planning and management. You'll learn the basics of bookkeeping, budgeting, cash flow and financial statements – so you can handle your business finances with confidence.
These courses are perfect if you're:
- a finance professional looking to refresh your basic finance skills and follow best practice
- running your own business looking for practical skills to monitor and manage your financial operations
- an organisation looking to roll out on-demand training to finance staff.
Overview
E-learning |
|
3 - 5 hours |
|
Budgeting, Bookkeeping, Cash flow, Financial statements |
Syllabus
The basics of bookkeeping
Take this online course for an introduction to bookkeeping principles, enabling you to accurately record business transactions.
- What is double entry bookkeeping?
- Categories of accounts: which are debits and which are credits?
- Entering transactions into the accounts with VAT and on credit
- Customer and supplier accounts
- Trial balance
- Common errors
- Omission
- Principle
- Commission
- Reversal of entries
- Original entry
The basics of financial statements
This online course will help you understand key financial terms and what they all mean when presented together on a statement.
- Five categories of accounts
- Assets
- Liabilities
- Expenses
- Revenue
- Capital/equity
- The accounting equation
- The elements of financial statements
- Current and non-current assets and liabilities
- Capitalisation threshold
- Capital/equity
- Calculating profits
- Including accruals concept
- Layouts of financial statements
How to analyse financial statements
This online course will help you master the crucial skill of being able to interpret and evaluate the data in your financial statements.
- Profitability ratios
- Liquidity
- Efficiency
- Financial position
- Limitations of ratio analysis – what it tells us and what it does not say
The basics of cash flow
Learn how to monitor cash flow, to produce forecasts to predict shortfalls, and best practice credit control processes with this online course.
- Cash flow cycle
- Cash and non-cash transactions
- Operational and non-operational cash flows
- Cash vs profit
- Calculate cash positions
- Changes from one period to next and compare to profit
- Reconcile the difference
- Maintaining cash flow through the cash budget
- Including lagging because of credit transactions
- Reducing the risk of granting credit
The basics of budgeting
This online course will help you understand the theory behind effective budgeting and the common challenges businesses face.
- Vision and strategy
- Who plans and writes the budget?
- Types of budgets
- Capital, revenue and cash
- Capitalisation threshold
- Performance
- Targets
- Slack
- Contingency
- Budget holder's rivalry
- Suboptimal
- Methods
- Incremental
- Zero based
- Priority based
- Break even
- Allocating overheads
How to create a budget
This online course will empower you to plan and create budgets from scratch, ensuring you invest and monitor your funds correctly.
- Revenue budgets
- Information sources and cost behaviour
- Activity changes
- Seasons
- Technology
- Social trends
- Economy
- Completing a budget and calculating profit
- Monitoring budgets
- Variance analysis
- Flexed budget
- The need to use information to reforecast
How to access
AAT Business Finance Basics is a 3 hour session consisting of six courses including video tutorials and interactive learning to test your knowledge as you learn.
Once purchased you will be able to access the AAT Learning Portal where you'll have 12 months access from the date of accessing the learning materials. AAT Learning Portal allows you to view all the courses you’ve purchased in one place, monitor your latest training activity and create goals to help you achieve your training aims.