This qualification will support the teachers who currently do not have teaching qualification and wants to become eligible to apply to Competent Teacher Status CTS.
The axes of this course are:
🔷Introduction to Accounting
What is accounting?
Purpose
Types of FS
Financial vs Management accounts
Accounting Concepts & Principles
Accrual concepts
🔷Preparation of FS
Assets, Liabilities, Income, Expense & Equity
Accounting Equation
Preparation of a Simple Income statement, Balance Sheet & Cash flow statement
🔷The Accounting world
The Dual effect
Debit vs Credits
Trial Balance
Identifying Errors and Correcting them
Understanding and knowing each category
🔷Financial Statement Analysis
Ratios :
Profitability
Efficiency
Solvency
Working Capital
Reviewing an Insurance company FS
🔷Costs Management
Nature of Costs – Fixed, Variable, Semi Variable
Break Even point
Identifying Insurance company Cost structure
