11 & 12 August 2010

The Wanderers Club, Illovo Johannesburg

CLASA brings you a two-day workshop, specifically designed for non-financial people — the Legal Advisor and Attorney.

Topics to be covered during this two-day workshop include:

Forms of Ownership

• The Sole Trader / A Partnership / Private Company / Public Companies

Financial Statements

• The Balance Sheet
• Assets: Fixed Assets / Current Assets
• Liabilities: Long Term Liabilities / Short Term Liabilities / Contingent Liabilities
• Capital or Equity or Owners Equity: Who really owns the business? How lean is the organisation? / How liquid is the organisation?
• The Income Statement
• Cost of sales compared to expenses
• Cost of sales components
• Prepayments, Accruals and Depreciation
• Cash Flow Statement
• Additional Terminology:
• Difference between Capital and Revenue Items
• Retained Earnings
• Goodwill
• Factoring (or Debtor Discounting)
• Depreciation versus Amortisation

Stock Valuation

• FIFO = First In First Out
• LIFO = Last In First Out
• Weighted average cost
• Work in progress

Books of Original Entry

• Debit or Credit?
• Source Documents

Budgeting

• Line-item budgets; Performance-based Budgets; Zero-based Budget

Leasing and Buying

• Operating Leases; Financial Leases; Advantages of Leasing

Guiding Principles of Accounting

This section includes, among other issues—

• Going concern; Objectivity; Revenue Recognition; Materiality; Matching

Financial Analysis

• Information to gather in order to do an analysis
• Profit Ratios
• Return Ratios
• Shareholders Earnings Ratios
• Balance Sheet Ratios
• Financing Ratios