021 745 4277
info@oxbridgeacademyonline.edu.za
Preparation and Presentation of Financial Statements
R6,900.00
Build a comprehensive foundation in preparing and presenting financial statements. Starting with sole proprietorship statements, this Skill Set covers various organizational records and managing incomplete records. Delve into drafting financial statements for partnerships, non-profit organizations, close corporations, and companies. Explore recording transactions for manufacturing concerns, creating wages and salaries journals, and interpreting financial statements. Gain valuable insights into ethics and internal control measures. Master the skills needed for real-world financial statement scenarios.
As an institution that is responsive to changing student requirements in certain sectors of the market, we have introduced an online option offering shorter courses.
These courses provide quick wins for busy professionals and can fast-track careers in a matter of weeks or months. Professionals can stay at the cutting edge of industry-relevant skills development, as they compete in the dynamic 4IR (fourth industrial revolution) job market. Like our distance courses, our online courses allow you to register at any time. Studying is flexible and can be scheduled according to your needs.
COURSE DURATION:
12 Months
COURSE START DATES:
You can start studying this course at any time of the year as soon as you have completed your registration, you can get started. There are no specific registration dates!
COURSE INFORMATION:
This course contains a CourseBookTM, which is an innovative fusion of the traditional textbook and online course, combining quality educational content with an interactive, social learning experience to promote success. The course has been broken into three Study Phases:
- Study Phase 1 Quiz:
- Introduction to financial statements of a sole proprietorship
- Depreciable assets
- Preparation of financial statements – Complete records
- Preparation of financial statements – Incomplete records
- Study Phase 2 Quiz:
- Non-profit organizations
- Partnerships
- Close corporations
- Companies
- Study Phase 3 Quiz:
- Statement of cash flows
- Analysis and interpretation of financial statements
- Introduction to IFRS for SMEs
- Recording salaries and wages
- Accounting for a manufacturing enterprise
- Professional ethics and internal control
ASSESSMENT:
Work through the workbook. At the end of each Study Phase, there is a quiz to complete. You need to complete and pass each of the quizzes with a minimum of 70% to get a certificate. No restrictions on your attempts.
COURSE EXIT OUTCOMES:
After completing this course, you should be able to:
- Explain the process for preparing and adjusting financial statements for sole proprietorships, focusing on profitability and financial position.
- Describe methods for calculating depreciation, managing asset registers, and recognizing gains or losses from asset disposals.
- Summarize the approach to preparing financial statements from complete and incomplete records, ensuring accuracy and compliance.
- Compare financial statement preparations for non-profit organizations, highlighting unique financial aspects and statement types.
- Demonstrate the dynamics of financial statement preparation for partnerships and close corporations, with a focus on equity management.
- Interpret corporate financial statements, understanding shareholder equity, share impacts, and types of companies.
- Outline the steps for cash flow statement preparation, identifying key activities for financial analysis and decision-making.
- Discuss financial statement analysis techniques, including ratio analysis and its implications for investments, gearing, and investment ratios.
- Identify key concepts of IFRS for SMEs, applying these principles to SME financial statement presentations.
- Illustrate combined skills in accounting for wages, salaries, and manufacturing enterprises, alongside ethics and internal control for comprehensive financial management.
Enquire Now
RELATED COURSES
-
Business Mathematics
R6,900.00Business Mathematics provides a practical approach to mastering essential mathematical and statistical skills in a business context. Starting with foundational concepts of the number system and basic calculations, the textbook progresses to more complex topics such as probability theory, data analysis, and financial decision-making. It equips students with the skills to perform detailed statistical analysis and apply mathematical reasoning to solve real-world business problems, ensuring they can effectively analyze, interpret, and communicate mathematical data in professional settings.
-
Introduction to Management Accounting
R6,900.00Introduction to Management Accounting provides foundational insights into managerial accounting, emphasising the roles and responsibilities of financial managers and cost accountants. This textbook equips students with practical knowledge on cost analysis, inventory control, and various costing methods such as job, process, and contract costing. It further delves into budgeting, standard costing, and performance analysis, preparing students to effectively manage financial resources and make strategic decisions within a business context.
-
Principles of Auditing
R6,900.00Principles of Auditing offers an in-depth exploration of auditing principles and procedures. This textbook introduces students to the foundational aspects of auditing, including its purpose and process. It emphasises the role of internal controls, regulatory procedures, and the importance of ethical practices within the auditing profession. By examining various auditing cycles—such as revenue, payroll, finance, and investment—the text equips students with the skills to conduct audits effectively and form professional opinions, preparing them for a career in auditing.