Training overview
1 day
Next start date: Contact for info. - Online

Course description

In this course, students will learn about accounting fundamentals.

Course Outline

Getting the 'Right ' Numbers

  • Qualitative vs. Quantitative Decision-Making
  • Standards
  • Effective and Efficient Decisions
  • Constraints

Review of the Financial Statements

  • The Balance Sheet and Income Statement
  • Statements of Cash Flow
  • What the Financial Statements Do Not Tell You

Making Money

  • Maximizing Profit or Minimizing Cost
  • Thinking in Units
  • Defining Cost

Identifying Costs and Their Behaviors

  • Fixed, Variable, and Mixed Costs
  • Relevant Range
  • Cost Per Unit
  • Cost Categories on the Income Statement
  • Discerning Variable Costs
  • Discerning Mixed Costs

Controlling Costs

  • Contribution Margin on the Income Statement
  • Activity-Based Costing
  • Non-Value-Added Activity

Am I Breaking Even?

  • The Cost-Volume-Profit Graph
  • The Contribution Margin Approach to Break-Even
  • Calculating 'What If' Profit
  • Margin of Safety

Operating Leverage

  • Defining Operating Leverage
  • Operating Leverage and the Bottom Line

Influences on Pricing

  • Pricing in Line with the Competition
  • Trade-Offs Between Price and Demand
  • Elasticity of Demand Illustrated
  • Market and Cost Influences on Pricing
  • Qualitative Factors in Relation to Price

Making the Numbers Work for You

  • Responsible Decision-Making
  • Quality Mangement

Course Objectives

Upon successful completion of this course, students will understand cash and accrual accounting, basic recordkeeping, ledger and journal entries and financial statement preparation.

Who should attend?

This course is intended for non-financial individuals who want to gain basic knowledge of accounting fundamentals.

About New Horizons Computer Learning Centers

New Horizons Computer Learning Centers - Find Training

Premier Provider of Computer Courses and Certifications

New Horizons Computer Learning Centres provide high quality, flexible and intuitive training that is always delivered by award-winning instructors and uses the best resources available. New Horizons is the world’s largest independent IT training company, that has provided industry-leading technical training for...


Read more and show all training delivered by this supplier

New Horizons offer an extensive array of the vendor-authorized training and certifications that are in highest demand—including Microsoft, Cisco, CompTIA and VMware. They are the Worl'ds Largest IT Training provider delivering courses at more than 300 centers.

View again
 
Supplier Directory
Join our Supplier Directory to:
- Gain Traffic
- Get Noticed
- Showcase Your Services
- Free Listing Available