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Duration : Approx. 2 hours.
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Overview :
Balance Sheet aims to help learners to understand the nature of a Balance Sheet and what it tells you about the financial makeup of a business. It also teaches the meaning of the classification of assets and liabilities and the concept of working capital. In addition, the student will be able to format the balance sheet to analyze performance and improve decisions.
Balance Sheet is aimed at managers, prospective managers, and anyone else within an organisation involved in making business decisions.
There are no prerequisites to this title.
This module is also available as part of the Financial Fundamentals course.
The recommended settings to run this course are:
- Minimum Internet Explorer 6/Netscape Navigator 7
- Flash enabled – Minimum V6
- Popup windows enabled
- Minimum Windows 2000 Operating System
- Authorware may also need to be installed for some courses
Learn To :
Balance Sheet aims to give the learner an overview of the Balance Sheet: its purpose, components, different formats and relationship with the Profit and Loss Account.
The topics covered by Balance Sheet include:-
- Definition
- Sources and use of finance
- Format of the balance sheet
- Inter-relationship with the profit and loss account
- Examples of formats
- Your own figures
Objectives :
After taking Balance Sheet, the student will be able to:
- Define what is meant by the Balance Sheet
- Identify the three sources of finance in a business, showing their organization into liability accounts and constitution as capital employed
- Outline three ways of setting out the Balance Sheet
- Discuss the inter-relationship of the Balance Sheet with the Income Statement
- Demonstrate the different ways in which account items are handled by each of the three Balance Sheet formats and discuss their relative merits