Course Overview
The Short course in Accounting and Finance is an online professional development course that will introduce you to the principles of accounting, bookkeeping, budgeting, finance and taxation.
This course was designed for individuals who need to perform accounting duties such as introducing and maintaining accounting systems, reporting on business performance, preparing financial statements, and preparing management accounting reports. Graduates of The Short course in Accounting and Finance will have solid grasp of the theory and practice of accounting, as well as a thorough understanding of bookkeeping, budgeting finance and introductory taxation.
Topics
- Finance fundamentals
- Accounting principles
- Accounting cycle
- Income statement
- Balance sheet
- Chart of accounts
- Single vs double entry accounting
- Recordkeeping
- Financial terms
- Understanding debits and credits
- Financial analysis
- Reading annual reports
- Choosing accounting software
- Basics of budgeting
- Types of budgets
- Parts of a budget
- Budgeting process
- Budgeting tips and tricks
- Monitoring and managing budgets
- Common budgeting methods
- Understanding ratio analysis
- Presenting your budget
- Building a case for your budget
- Comparing investment opportunities
- Accounting Standards
- Cashbooks and chart of accounts
- Petty cash and bank reconciliation
- BAS/GST calculations
- Cost of goods sold (CGS) and trading account
- P&L and balance sheets
- Accounting for goodwill
- Leases, fixed assets and depreciation
- Bankruptcy and trade practices law
- Companies trusts and partnership law
- Solicitors/real estate trust accounting
- Tax for companies
- Tax for sole traders
- Tax for trusts and partnerships
- Tax for rental properties
- Capital gains tax and fringe benefits tax
Assignment-based
Course Duration
Course duration: Approximately 25 hours. As a guide, short course courses can be completed within 5-10 weeks of part-time study.
Distance Learning – 2 month’s-learning access, with free extensions available.
