Financial Management: Advanced

Description:
This ILT Series course builds on the fundamentals taught in Financial Management: Basics. In the Advanced course, students learn how to reconcile a bank statement, choose a reconciliation reviewer, control an organization’s cash, and prepare a Cash Flow Statement. Course activities also cover the various tools available for analyzing financial statements. Students will also learn how to calculate inventory value and depreciation, and why organizations use accounting methods when reporting financial information on financial statements. The manual is designed for quick scanning in the classroom and filled with interactive exercises that help ensure student success.

Duration: One day

Table Of Contents:
Unit 1: Cash management
Topic A: Fundamentals of cash
Topic B: Bank reconciliation
Topic C: Maintaining control of cash

Unit 2: Analysis of financial statements
Topic A: Importance of analyzing statements
Topic B: Ratio analysis of a Balance Sheet

Unit 3: Analysis of Income Statements
Topic A: Profitability from Income Statements
Topic B: Comparative and percentage analyses

Unit 4: Inventory and depreciation
Topic A: Basics of inventory and depreciation
Topic B: Inventory costing methods
Topic C: Depreciation methods

Unit 5: Application of accounting methods
Topic A: Calculate inventory
Topic B: Calculate depreciation