By the end of this Unit the candidate should be able to:
Make adjustments to total expenses and purchases of assets.
i.e. Make adjustments for:
Stock valuation, depreciation of fixed assets (using the straight line and reducing balance methods), prepayments and accruals and bad debts.
Prepare a trading and profit and loss account and balance sheet for a small business (sole trader).
i.e. Using information from financial records, prepare in vertical format a Trading and Profit and Loss account and Balance Sheet for a sole trader.
Understand the distinctions between gross profit, net profit and cash in hand.
i.e. Understand the important distinctions between gross and net profit and profit and cash in hand. Be able to explain the significance of these distinctions for a business.
Be able to calculate and use basic liquidity and profitability ratios to assess the performance of a small business.
i.e. Make ratio calculations in respect of profitability and liquidity. Appraise and comment on the performance of a business following a ratio analysis exercise.
Understand the limitations of ratio analysis for assessing the current and future potential performance of a business.
Pre-requisites
The good news is that no prior learning knowledge or experience is essential to take this course. This course is openly available to anyone wishing to learn more about being a sales executive and would like to take part in a highly rewarding home study course.
You have the freedom to start the course at any time and continue your studies at your own pace.
Support
As an AAS Training student you will have your very own personal tutor helping you with your course work and with any questions you may have. You can contact your tutor by email for all the practical advice you may need – so we really are with you 100%.
What's more you'll have access to the AAS Training online Student Community where you can interact with other students, browse our resource library and manage your account.
Assessment
A certificate is gained by successfully completing a series of assignments.
Online
Any questions about the course? Call Free 08000 75 8000