Accounting for Non-Accountants, The Fundamentals

Presenter Geof Franks

Date 24 August, 2017 | Time 9.30 am - 12.30 pm

Venue OSEA, 64 Arena Avenue, Invercargill

Event Description

Understanding your Profit & Loss and Balance Sheet

A recent survey of small businesses revealed that 41% consider the financials to be the hardest part of running their business, and 19% admitted they put their financials into the ‘too hard’ basket. Accounting for non-accountants is designed specifically for those who need to read their basic financial statements and improve their understanding of key accounting concepts.

This practical workshop will improve your financial understanding. By the end of this workshop you’ll be able to read your profit and loss statement and balance sheet, and understand the common classifications and groupings within them.

Learning outcomes
  • Understand the key groupings for your expenses, assets and liabilities
  • Understand the jargon used by accountants
  • Read your own financial statements
  • Understand the benefits of using a computer based accounting package
Learning content

Through practical examples and exercises you will learn

  • What double entry accounting means
  • The key elements of a profit and loss statement
  • The important features of a balance sheet
  • The purpose of depreciation
  • Manual and computer options for keeping your accounting records, including a practical demonstration of a popular accounting package.

Each topic begins with easy examples and builds towards the more complex, as participants are guided through financial statements, their classifications and groupings, and other related issues - please bring your calculator.

Duration

Half day

This Employers’ Otago Southland workshop is registered for the NZTE Capability Development voucher programme. | Regional Business Partner Network event reference OSEA563

Eligibility

Small and medium size businesses may qualify for vouchers to help pay for services such as training workshops, courses and coaching that build the management capabilities of their owners, operators and key managers. Approved businesses will receive a voucher for up to 50% of the course investment fee.

For more information on the NZTE Capability Development voucher programme or to find your local Regional Business Partner please visit nzte.govt.nz

Ticket Cost
Chamber members $396 + GST
Non Members $475 + GST
Register for this event