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A manager of a department or business, needs to be able to use relevant terminology in order to prepare and interpret budgets, understand accounting processes, analyze profit & loss statements and understand performance ratios & reports.

(12 Units):

  • Accounting concepts.
  • The accounting process.
  • The accounting equation.
  • The general ledger ? double entry accounting.
  • Budget preparation.
  • Analysis and interpretation of financial statements.
  • Break even analysis.
  • Cost ? volume ? profit analysis.
  • Ratio ? analysis.
  • Equity evaluation and performance ratios.
  • Capital Expenditure
  • Interpreting performance reports.
Content Sample:

 

 

- Bookkeeping.

- Ledger

- Debit & Credit

- In the red - in the blue

- Left ? right

- Balance sheet

- Accounts (receivable ? payable)

- Invoice

- Statement

- Receipt

- Reconciliation

- Assets - Liabilities

- Cash flow

- Cheque (negotiable, not-negotiable)

 

- Equity ? capital

- Profit ? loss

- Sales ? purchases

- Interest rates (simple ? compound, variable ? fixed, interest only)

- Overheads

- Costs (fixed ? variable)

- Expenses

- Insurance, rent, lease.

- Mortgage

- Projections

- Credit Collections

- Purchasing, cost control

- Financial reports

**Each unit will emphasizes specific English terminology needed by managers to be able to prepare and interpret budgets, understand accounting processes, analyze profit and loss statements and understand performance ratios and reports.

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