Elite Accounting and Finance

Strategic Financial Mastery: The Elite Accounting and Finance Programme

Welcome to the Elite Accounting and Finance Programme at UKTDC, where we acknowledge and underscore the pivotal roles accountants play in businesses and society at large. The significance of accountants extends beyond financial reporting, encompassing the drafting of financial analyses and strategies, risk mitigation, and crucial advisory roles in compliance matters. Accountants serve as indispensable pillars, instrumental in realising the aims and goals of organisations.

Our Elite Accounting and Finance Programme serves as a gateway for participants, whether they possess prior knowledge of accounting or are venturing into this dynamic field. Comprising thirteen meticulously crafted courses that delve into core areas of accounting, this programme provides a comprehensive exploration of modern finance. Participants are guided through the intricacies of contemporary financial landscapes, arming them with the essential skills and expertise to navigate any financial challenge that may arise.

Governments, as stewards of economic stability, are particularly encouraged to recognise the transformative potential of this programme. By investing in the Elite Accounting and Finance Programme, governmental bodies can enhance the financial acumen of their personnel, fostering a culture of excellence in financial management. Empower your workforce and fortify your nation’s economic foundation by enrolling in this elite programme at UKTDC. Join us on a journey of knowledge and expertise that transcends financial storms, positioning individuals and governments for sustained success in today’s complex financial landscape.

Programme Contents

The Elite Accounting and Finance Programme consists of the following 13 Course.

Course 1: An Overview of Accounting

In the first course, candidates are introduced to the concepts of accounting, the benefits of accounting services to organisations and a summary of various ways of analysing financial transactions. The course also centres on the type of people who require financial information such as financial analyst, banks, investors and so on.

Course 2: What does an Accountant do?

With a thorough understanding of what accounting entails, participants’ knowledge of the roles of accountants in the society is further broadened in this course. The course looks at the different types of accountants such as financial advisors, Auditors etc., and reveals the roles of each of them. Furthermore, the general roles, duties and responsibilities of the modern-day accountant are also explained.

Course 3: The Accounting Concepts and Standards

Taking participants away from the preliminaries, course 3 delves fully into the course with a discussion of the core concepts and standards of accounting. The course expounds the standards of financial report, which guides accounting practices. Participants are also exposed to a variety of principles that make up the accounting concepts.

Course 4: What is a Subsidiary Books Account

The course content moves on to the introduction of one of the most essential accountancy books – the subsidiary books account. In this course, participants learn the types of subsidiary books such as Sales book, Purchases book etc., their advantages as well as their limitations.

Course 5: How to Prepare Profit and Loss Account

Course 5 looks critically at one of the crucial aspect of accounting – the profit and loss account. This course discusses the importance of an accurate profit and loss account in the decision-making process of a company. It also touches on the various components of a P&L statement. Finally, participants are taught how to prepare a profit and loss account.

Course 6: How to Create a Balance Sheet

The sixth course critically walks participants through the concepts and complexities of a balance sheet. The importance of a balance sheet in identifying a company’s assets and liabilities is also elaborated. In addition, participants are taken through a step by step process of creating and analysing a balance sheet effectively.

Course 7: Cash Flow Statements

In Course seven, participants’ attention is turned to one of the most important financial statement – the Cash flow statements. This course discusses how the cash flow statement works by analysing money inflow and outflow, investing activities and the financial activities of an organisation.

Course 8: Budgeting – Practical Money Skills

Budgeting is the topic of discussion in course eight, which introduces participants to the concept of budgeting, its types as well as the processes involved in drawing a budget. The benefits of budgeting as a vital tool of financial management are also discussed.

Course 9: Cost Variance Analysis

The ninth course expounds the concept of cost variance analysis, which is a key performance evaluation tool used in calculating the difference between expected cost and incurred cost. Sales variance, materials variance, volume variance and other types are also discusses.

Course 10: What is Ratio Analysis?

Participants’ knowledge of accounting is further broadened with an investigation of ratio analysis, which is the evaluation of an organisation’s financial health. This course also reveals the primary ratios used for analysis.

Course 11: Finance and Financial Management

The eleventh course focuses on the concept of financial management and its importance to the success of an organisation. It explores the various aspects of financial management including planning, organising, controlling and monitoring financial resources, the establishment of financial goals and risk management.

Course 12: How to Manage Working Capital

Attention shifts to the management of working capital in the twelfth course. Candidates learn how to monitor and utilise the current assets and current liability to ensure the smooth financial operation of an organisation. Participants also explore the various components and factors affecting working capital.

Course 13: Investment Methods

The programme ends with a look at the concept of investment methods. The course further gives an in-depth explanation of the categories of investment methods and delves into the types of investment proposals, appraisal methods, and investment appraisal techniques.