A Rapid On-line Learning Concept: Master the fundamentals of Accounting and Financial Management in a simulated business environment. This course has been designed to provide those in need to know the fundamentals of business the knowledge and the skills in accounting and financial management in a practical, interactive way to strengthen their learning of this discipline and perform better in their studies, to practice a profession or manage their own business.

EASY Accounting and Financial Management course is aimed at, and for the benefit of, students of business administration, accounting, management of all types of business, economics, professionals of multiple disciplines, as is the case with law, banking, insurance, commerce, import-export, health, education, government, managers and owners of small businesses, responsible for making a success of their business studies, their careers and their own firms.

At the end of the course you shall be able to:

1. Understand the fundamental principles of accounting, the double-entry concept and enter transactions during the four years of operations of the simulated firm, Business Information System Ltd. (hereinafter BIS Ltd.).

2. Acquire skills in, and practice of, bookkeeping, accounting and the preparation of financial statements.

3. Learn to prepare and use Cash Flows, enter transactions in Journals and Ledgers and carry out bookkeeping operations.

4. Manage the accounting equation to generate the balance for each reporting period, and generate the income statement, cash flow statement and changes in equity statement through the use of worksheets.

5. Understand assets, liabilities and capital account balances.

6. Interpret and analyse financial statements, through the use of ratio analysis and “what if” scenarios and cash flow analysis.

7. Analyse return on investment using capital budgeting and appraisal techniques: net present value, internal rate of return, discounted cash flow.

8. Use Breakeven Analysis to monitor pricing policies, the level of production, the impact of fixed and variable costs on the breakeven point of the firm.

9. Run simulations to analyse the impact on the financial position of the firm of falling or growing sales, changes in unit prices, increase or decrease in expenses, increase or decrease in borrowing using FinancialWorks© as the engine of a “Business Simulator”.