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The Course

The Foundation – Financial Accounting

Contains fundamentals of accounting principles and recording procedures, chart of accounts, general ledger, double entry, trial balances, profit, loss, revenues, expenses, net income, income statements, assets, liabilities, the accounting equation, balance sheets, sources and uses of funds, inflow and outflow of cash, cash flow statements, owner’s capital, changes in equity statements. Key accounting principles and concepts are explained in a business context.

It explains, from the viewpoint of the users of accounting information, how the financial statements are interrelated and, how as a group, inform different and mutually associated aspects of the company’s financial standing to support detecting trends and forecasting gaps.
£29Sign Up for Module 1 View More

Operating The Firm – Financial Reporting

You are taken through the “real life” of a company, from launching its operations and a number of “typical transactions” on a transaction-by-transaction path to simplify the learning.

All transactions carried out by the firm are presented in the Accounting System, in a user-friendly format, while practicing with the AccountingLab, in an apprenticeship environment, you will cement your knowledge.
£56Sign Up for Module 2 View More

Cash Management and Profitability Analysis

With this course you gain the understanding of the main liquidity, efficiency, profitability, leverage ratios, and the skills to carry out liquidity and profitability ratio analysis, to assess the impact on the financial statements of changes in revenue and costs, and relate them to the achievement of company’s financial targets. You will understand how Ratio Analysis is used by prospective lenders and investors.

It explains how to use the information contained in the Income Statement and Balance Sheet to obtain financial ratios. It explains with examples the relation between the absolute values of sales, costs, expenses, assets, liabilities and equity as a base to understand the financial position of a company and its likely performance in the future.

With this course you gain skills in using financial ratios in management decisions targeted at improved business performance and sustainable growth. You will be able to compare simulated ‘real’ companies in terms of business performance, risk of insolvency, profitability.
£56Sign Up for Module 3 View More

Strategic Financial Management Basics

On completion of this module you will able to carry out strategic financial management by implementing key policies of the firm aimed at securing the following financial objectives:

• Liquidity, by having sufficient cash to cover future expenses
• Payback, or the recovery of initial investment at any point after the start of the project
• Profitability – (Return on Initial Capital (ROIC) and Return on Equity (ROE))

“What if” scenarios for key variables under different levels of market share, unit prices, and cost reduction, all set up for achieving the above financial targets. The learning methodology is carried out by using the FinancialLab applied to working and mastering “What if” scenarios and make your own case study.
£56Sign Up for Module 4 View More

Investment Appraisal

On completion of this module you will able to implement investment decision analysis by running simulations based on:

• Cash flows for four years of operations of the firm
• The Time Value of Money – in theory and practice
• Present value
• Net present value (NPV)
• Internal rate of return (IRR)
• Payback period
• Break-even point (B/E)

“What if” scenarios for key variables under different levels of market share, unit prices, and cost reduction, all set up for achieving the above financial targets. The learning methodology is carried out by using the FinancialLab applied to working and mastering “What if” scenarios and make your own case study.
£56Sign Up for Module 5 View More

Strategic Financial Simulatior/The Business Game

The learning is enhanced by using the FinancialLab applied to cases of “real life” experience.

On completion of this module you will be able to measure the impact of key management actions.

You will see the actions’ effect on the the main indicators of the firm’s financial performance: liquidity, payback, break-even, profitability, Net Present Value (NPV) and Internal Rate of Return (IRR).

You will be able to carry out simulations using the FinancialLab methodology to learn, in a “gaming” environment, how to analyse the impact of these management actions on the main indicators of the firm’s performance – based on the Income Statements and the Balance Sheets from Y1 through Y4.
£56Sign Up for Module 6 View More

Business Plan – A Case Study

The purpose of a business plan is to submit to lenders and potential investors the benefits, costs, market, technology, skilled personnel, and the financial advantages of a proposed investment in a business opportunity.

The focus is on the role of projected financial statements when assessing the profitability of an investment and the risk of losing the capital or recovering it too late. This assessment is made by analysing the projected stream of revenue against a projected stream of operating costs for a number of years (4) from the start of operations. The better prepared the projected financial statements, the easier it will be to manage the business.

You will examine the financials of a fictional company’s business plan. This will help you understand the application of your newly-earned skills, in light of convincing your investors and running a successful business!
£56Sign Up for Module 7 View More

Hands-on with EntreprenAble

1. AccountingLab (Interactive)
2. FinancialLab/Business Game
3. Quizzes and Case Studies
Have a Bird’s-eye View here.