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Essentials of Accounting

Banker Friendly Accounting Methodology

Essentials of Accounting

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Investment: $184.00

  • Are you unsure of the impact some accounts have on credit risk?
  • Do you feel challenged by the intricacies of financial concepts?
  • Have you ever been in doubt whether a client’s Income Statement and Balance Sheet have an impact on your credit decision-making?
  • Do you find it challenging to convert evens into numbers and financial statements on the fly?
You’re not alone – many bankers experience some apprehension and doubt where financial accounting is concerned. After all, we are bankers, not accountants! To fully understand the interplay of accounts and their impact on credit risk is critical to the credit decision-making process. Our simple methodology allows you to understand the intricacies of converting events into numbers, and hence the ability to fully comprehend the relationship between accounts without the hassle of T-accounts and traditional debit/credit entries. This methodology will help fine-tune your skills to extract data from clients, understand the implications of that data, and create on the fly financial statements, including Balance Sheets, Income Statements and Consolidated Statements.

The Essentials of Accounting E-Learning course covers:

  1. Introduction to Financial Concepts
  2. Income Statement Details and Data Capturing
  3. The Balance Sheet – Assets / Liabilities & Equity
  4. Consolidations

This module provides candidates with a handle on basic accounting principles, and an ability to convert events into recorded numbers. The methodology utilizes the core elements of recording accounting entries (ie Opening Balance, Additions, Subtractions and Closing Balances) for accounts, and purposely avoids the use of “T” tables and Credit / Debits terminology which are viewed as adding little value, and consuming valuable time.

This methodology therefore concentrates more on the relationships between accounts and provides you with an ability to sense these relationships and the way they interplay. By completing this section, you are expected to acquire a strong appreciation of the links between accounts, be able to record events, and as a consequence be able to create a balance sheet, and income statement from these events. This module carries exercises related to each section, is valid for 3 months, and provides for a quiz at the end.

Accounting Module

After completing this course, you can expect to:

  1. Learn about major accounts that comprise a Balance Sheet
  2. Understand the different between accrual and cash accounting
  3. Learn how to convert events into numbers
  4. Create financial statements for your clients (Balance Sheet & Income Statement)
  5. Produce consolidated financial statements for you and your clients
  6. Understand the relationship between accounts
  7. Execute accounting entries using hassle-free methodology
  8. Be prepared to run full due diligence and financial analysis on your clients.

This program is for you if any of the following scenarios apply:

  • You are a banker and want to refresh your knowledge in Accounting
  • You are a Corporate/Commercial Relationship Manager and you want to strengthen your knowledge of accounting and better understand the impact on the credit decision making process
  • You are an SME Relationship Manager who constantly encounters clients with no financial or limited statements and would like to create such statements on the fly
  • You are a Credit Analyst or Officer who wants to strengthen his/her knowledge in accounting and better understand the impact of accounting on credit risk
  • You are a Credit Risk Manager or Credit Auditor and want to refresh your knowledge in the subject
  • You are an investment banker who need to strengthen your knowledge in accounting to better perform due diligence on companies.
  • You are someone who has a general interest in credit risk and would like to learn more about Accounting

Delivery Method:

Our courses are hosted on an e-learning platform. Within two working days of submitting your online payment, you will receive access details to our e-learning platform (with a 6-month validity period). You will also receive supporting powerpoint presentations in PDF format that can be saved for future use.

Each module within the course contains a quiz that can be taken upon completion at your discretion. When agreeing to undertake the testing, you are entering into a contract with the 6 Sigma Group and you therefore confirm your understanding of all the requirements, including copyrights.

The quizzes are independent of the e-learning course, and can be accessed at your leisure during the period allotted for each module. Once accessed, the quizzes are time bound, which means they need to be taken within a certain period once started. As a reminder, a clock appears at the top right hand corner of the screen for each quiz. Once the time is up, the quiz is closed and the score is calculated using whatever answers provided on screen. The score is then immediately advised to you and to the administrator at 6 Sigma Group.

6 Sigma Group may issue you with a certificate to confirm your taking the e-learning module and passing the related quizzes. The issuance on that certificate depends on several factors, including the assurance that the quizzes were taken under supervised conditions.