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UNDERSTANDING PROFIT AND LOSS

PROGRAMME OBJECTIVE
All business from sole trader to large organisations have an obligation to provide accurate and timely financial records for both internal and external use. More and more people from non-accounting background are becoming involved in decisions that have financial implications. So what do all figures mean?

Financial Statements are important tools which disclose how your business has performed. They help you make decisions and potentially avoid surprises accruing in your area of responsibility. The understanding of this information is fundamental to any individual or organisation.

TARGET GROUP
This programme is designed for anyone at any level within any discipline in your organisation who requires the fundamentals of understanding financial statements

TRAINING STRUCTURE
This programme is presented by an accredited trainer, experienced and qualified in corporate management and skill development training. It is highly participatory and practical. Participants will be shown the various processes, tools and techniques and then apply them in a small group exercises

LEARNING BENEFITS

After successful completion of this programme, it is expected participants will have the tools to be able to:

• Recognise the accounting equation
• Classify the types of expenses including fixed, variable and capital
• Understand and complete a Profit and Loss Statement
• Understand and complete a Balance Sheet
• Understand Variance Reporting and Ration Analysis

DURATION
2 Days

IN-HOUSE CUSTOMISING   
This programme can be customised to suit the needs of an organisation for team/ group training.
In-house cost applies. Training outside of Port Moresby is negotiable with conditions.

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