Cash payments journal and creditors control account
Control accounts relationship to non-current assets
What happens at the end of assets useful life
Disposal of non-current assets
Creditors control accounts relationship to subsidiary accounts
Control accounts and expenses
Control accounts and inventory
Budgeting Part 1
Inter-relationships between budgets
The cash budget
Preparing a cash budget
Factoring in safety margins
Using net profit to evaluate business performaNCE
What is profitability?
What is gross profit?
What is net profit?
Cash flow margin
Return on assets margin
Owners equity margin
Budgeted profit and loss statements
Budgeted balance sheets
Variances in budgets
Budget reviews and performance reports
Budgeting Part 2
A problem based learning project (ie. PBL) where you will prepare budgeting for a retail business.
PBL project is carefully designed by experts to expose you to the information and skills that we want you to learn.
In undertaking the project, you are given:
A statement of the problem (e.g. diseased animal; failing business; anorexia case study);
Questions to consider when solving the problem;
A framework for the time and effort you should spend on the project;
Support from the school.
Payroll, PAYG Taxation, Taxation for Trading Businesses
How to set up a payroll system
Types of payments made for work done
Employee records to be kept
Fringe benefits and taxation
Recording wage payments
Employee payment summary
Using time sheets
Superannuation or pension funds
Taxation law terminology
Tax related expenses
Financial Statement Analysis
Analysis and interpretation
Why do we analyse financial data
Using net profit figures to evaluate business performance
Analysing cost centres in business
Functional classification on P & L Statement
Difference between analysis and interpretation
Trend analysis Vertical analysis
When should financial data be analysed
Calculating investment returns
Return on assets margin, equity margin
Cash flow ratio operation
Accounts receivable turnover ration
Evaluating business performance using net profit ratio
When you study with Australian Online Courses you will be assessed using a competency-based training method. Competency-based training focuses on a learner’s ability to receive, respond to and process information to achieve a competency result. As such, skills-based and knowledge assessments are geared towards attainment to meet industry-defined standards.
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The approximate study hours for this course is 200 hours. We offer twelve (12) months’ access, with extensions available upon application (fees apply).
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