Accounting involves recording and analysing transactions to show their effects on the financial position of an enterprise; such data is essential in controlling its finances. But a manager must go further, and ‘read’ (interpret) accounting data accurately, and then use it wisely in planning and in controlling the operations of the enterprise and in decision making, which are all essential for its prosperity and survival. This Program does not train bookkeepers or accountants. It teaches modern managers to understand and/or control bookkeeping or accounting colleagues and subordinates, and to make effective use of available accounting data.
- Investment strategy and appraisal.
- Working capital : its composition and computation.
- Partnership, departmental, branch and hire purchase accounting.
- Financing businesses, capital, ordinary and preference shares, loans, debentures.
- Books of account : the ledger, principles of modern double-entry bookkeeping manually and by computer, comparisons, advantages.
- Trading and profit & loss accounts, balance sheets and other financial statements, contents, purposes, layout and presentations.
- Interpreting financial statements and accounting data, accounting ratios, break-even analysis; budget preparation, budgetary control.
- Control over profits, cash and funds flow, stock control, credit limits and credit control, auditing, pricing policy. Cost accounting, methods, standards, variances.
UK Higher National Diploma(HDN) program entrance requirement:
- Applicant must be at least 18 years of age, and
- Completed Secondary School, or
- Certificate with at least 3 years work experience.