Financial Management
Advanced

Topic-Level Outline

Days: 1

Prerequisites: None

Unit 1 : Cash management

Topic A: 0 Fundamentals of cash

A-1: Identifying the importance of cash control

Topic B: 0 Bank reconciliation

B-1: Understanding differences in accounting records

B-2: Preparing a bank reconciliation

B-3: Handling post-reconciliation differences

Topic C: 0 Maintaining control of cash

C-1: Identifying cash requirements

C-2: Identifying the methods to control cash

C-3: Recording cash flows in the Cash Flow Statement

Unit 2 : Analysis of financial statements

Topic A: 0 Importance of analyzing statements

A-1: Understanding the benefits and limitations

A-2: Identifying the tools

Topic B: 0 Ratio analysis of a Balance Sheet

B-1: Understanding ratios

B-2: Identifying liquidity ratios

B-3: Identifying activity ratios

B-4: Identifying leverage ratios

Unit 3 : Analysis of Income Statements

Topic A: 0 Profitability from Income Statements

A-1: Identifying benefits of analysis

A-2: Identifying profitability ratios

A-3: Computing profit by using the break-even point

Topic B: 0 Comparative and percentage analyses

B-1: Identifying comparative and percentage analysis

B-2: Identifying the types of percentage analyses

Unit 4 : Inventory and depreciation

Topic A: 0 Basics of inventory and depreciation

A-1: Accounting for items on the Balance Sheet

A-2: Identifying assets and depreciation

Topic B: 0 Inventory costing methods

B-1: Changing inventory costing methods

B-2: Identifying commonly used methods

Topic C: 0 Depreciation methods

C-1: Identifying factors involved in depreciation

C-2: Identifying common depreciation methods

Unit 5 : Application of accounting methods

Topic A: 0 Calculate inventory

A-1: Using the specific identification method

A-2: Using the weighted-average cost method

A-3: Using the moving-average cost method

A-4: Using the FIFO method

A-5: Using the LIFO method

Topic B: 0 Calculate depreciation

B-1: Using the straight-line method

B-2: Using the activity-based method

B-3: Using the sum-of-the-years’-digits method

B-4: Using the declining-balance method