Each business organization desires to achieve sustainable growth and profitability. Indeed, the very existence of an enterprise is premised on the fact that it will make profits by exchanging its products or services for value.
If profitability and growth is the aim of the business corporation, how is it measured? By which yardstick better than its books does a company know whether it is growing or suffering a decline? Growth must be measured, and the most reliable way of measuring it is by closely monitoring the critical financial numbers of the organization. Figures, by their concrete nature, speak the truth even when less concrete indicators such as public acclaim and acceptance may lie.
In addition, the company must set goals and targets that are concrete, measurable and expressed in financial terms.
As the leaders of the organization, each company executive must therefore have a clear understanding of financial numbers and accounting principles and procedures. They should operate under a clear understanding of the financial implications of their action or inaction.
When non-accounting executives possess knowledge of accounting principles, the tension between them and accounting executives is removed, and the organization can experience uninhibited growth and expansion.
This course is aimed at equipping non-accounting executives with the fundamental principles and procedures of accounting.
Overview of Accounting Principles, Concepts and Terminologies
Importance and Uses of Accounting Information
Classification of Accounts and Fundamental Principles of Double Entry
Types and Importance of Accounting Reports
Key Principles and Techniques of Preparing Accounting Reports
Interpretation and Utilization of Accounting Reports for Management Decisions
Introduction to Computerized Accounting Systems
For Whom: All Functional Managers with Non-accounting Backgrounds
ACCOUNTING FOR NON-ACCOUNTING MANAGERS