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Accounting and Finance for Non-Accountants


This Activity is presented by Bentleys. 

The workshop provides a practical, hands-on application of accounting processes, systems and theory for those seeking a broader understanding of their role in the finance team. 

The course is not computer-based, but is instead designed to give participants an understanding of what happens in accounting behind the computer screen.

Content Description

Participants will gain a practical understanding of accounting principles, the greater accounting functionality, and how their role fits into the wider finance team. The workshop takes a hands-on approach using real case studies and exercises. Participants will work through the accounting transactional flow in detail and gain an understanding of how it applies to their job function. 
Key learning areas of the workshop include: 
  • Introductory accounting principles and concepts, including the purpose of bookkeeping, different accounting entities, debits and credits, double-entry principles, and the bank view versus the organisational view. 
  • Accounting processes – the flow of accounting journals and ledgers. 
  • Basic Goods & Services Tax (GST), including an introduction to the Business Activity Statement (BAS). 
  • Understanding accrual accounting versus cash accounting. 
  • Understanding the Trial Balance, Balance Sheet, Profit & Loss Statement. 
  • Understanding the Cash Flow Statement and the difference between Profit and Cash Flow. Reading, understanding and interpreting the key financial statements, including ratio analysis. Budgeting and Forecasting, including variance analysis and an introduction to rolling forecasts. 

Learning Outcomes

Upon satisfactory completion of this workshop you will be able to: 
  • Describe the Accounting Entity Concept. 
  • Understand the different accounting entities. 
  • Describe the basic concepts of accounting. 
  • Understand the different areas of accounting. 
  • Describe the purpose bookkeeping. 
  • List the different types of transactions. 
  • Describe the different types of ledgers. 
  • Explain and demonstrate double-entry bookkeeping. 
  • Understand the key financial reports, including Balance Sheet, Profit & Loss Statement, and Cash Flow Statement. 
  • Explain Accrual accounting, and demonstrate an understanding of accruals, prepayments and other adjustments. 
  • Detail what the financial reports do and do not tell you. Read and understand the key financial reports. 
  • List and describe the key ratios in evaluating a business’ performance. 
  • Understand what the key ratios mean in evaluating an organisation performance. 
  • List the various types of budgets. 
  • Understand the budgeting process and variance analysis. 
  • Understand how a budget is different to a forecast. 
  • Explain why forecasts are completed. Benefits

Benefits

Participants will gain a practical understanding of accounting and finance that is often overlooked at tertiary education. They will gain valuable insight into basic accounting principles, systems and theories and how they relate to the workplace.
Steven Forgione 
CA Client Director, Bentleys NSW Pty Ltd 

Steven has nearly 20 years professional experience in the accounting and finance sector, providing accounting, taxation and general business advice to private clients and small to medium sized businesses. 

He understands the special needs of high net worth individuals, business groups and family businesses, and has provided valuable advice to clients and businesses across a broad range of industries. 

Steven has run introductory accounting and finance workshops for many large corporates, accounting firms, and the general public in various forms over the last 14 years.
Sydney - 1 November 2019
Lvl 14
60 Margaret Street
Sydney NSW

Brisbane - 4 November 2019
Level 9
123 Albert Street
Brisbane QLD

EVENT DETAILS


Topic: Audit & Assurance, Business Mindset, Corporate Finance, Financial Advisory and Superannuation, People & Leadership

Sub-Topic: Business Reporting, Business Tax, Employment Taxes - PAYE, PAYG & FBT, Finance Management, Financial Planning & Advisory, Financial Reporting, Operational Excellence, Personal Effectiveness

Format: Workshop

Proficiency Level: Foundation, Intermediate