› Introduction
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What is finance? |
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Overview of financial management functions. |
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› Finance and financial accounting statements
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Why prepare financial statements? |
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Internal / External users of accounting information. |
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› Understanding financial goals
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The various measures of financial goals. |
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› Accounting and Finance Terminology
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Assets, Liabilities, Shareholder’s Equity, Revenue, Expenses |
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Understanding the difference between Operating Expenditure & Capital Expenditure |
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Working Capital |
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Accrual accounting and other concepts – what is it? |
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Depreciation and Amortisation |
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› Understanding Financial Statements and Reports
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How is a profit or loss calculated? |
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Income Statements |
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Balance Sheets |
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Cash flow Statements |
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› Analysing Business Performance
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Profitability |
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Working capital and liquidity |
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Asset management |
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Gearing/Leverage and long-term stability |
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Maintaining business profitability |
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› Financial Management – Capital Investment
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Forecasting Relevant Project Cash Flows |
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Techniques – Payback, NPV, IRR |
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Accepting or Rejecting Projects |
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› Management Accounting/Costing
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What is Management Accounting? |
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Classification of Costs |
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