The preparation of accurate and professional financial reports is crucial to the financial health and success of any business. A financial report is also essential to setting long and short-term goals, applying for a business loan and making informed business decisions.
Prepare Financial Reports is an online professional development program that will provide you with the skills and knowledge required to record general journal adjustment entries and prepare end-of-period financial reports such as revenue statements and balance sheets for a non-reporting entity.
On completion of this course, you will feel confident in preparing professional and accurate financial reports for a business.
Course Structure
Unit- Report on financial activity
- Property register
- Fixed asset register (FAR)
- Calculate depreciation
- Asset and liability valuations
- Financial and system discrepancies
- Tax liabilities
- Prepare a trial balance
- Adjust accounts for prepayments or accruals
- Adjust expense account and revenue accounts
- Common balance day adjustments
- General ledger adjustments
- Reverse adjusting entries
- Review data for errors and compliance
- Prepare revenue statement
- Prepare a balance sheet
- Post revenue and expenses to general ledger
- Closing entries
- Correct or refer errors
- Correct an incorrect posting
- Reverse and re-enter the transaction
- Double-entry and accrual principles
- Accounting systems
- Debit and credit rules
- The accounting equation
- Accrual accounting
- Legislation, regulations and standards
- Code of practice
- The Australian Taxation Office (ATO)
- Five basic bookkeeping principles
- The bookkeeping cycle
- Financial forecasting and analysis
- Ethical requirements
Study Hours
Estimated duration 15 hours
Course Delivery and Start
Start anytime, self-paced and 100% online
Assessment
Assessment will be comprised of written exercises, including short-answer questions, reflective tasks, short reports and/or projects. There are no examinations or due dates for assessment. As a result, you can complete training in your own time and at your own pace with the assistance of unlimited tutor support.
Testimonials
Using the online assessment tool makes the learning process easy and the flexibility of online learning is the only way I am able to do these courses. The Learner Guide was well written and assisted in answering the questions
T. Lucas, Kingaroy, QLD | Prepare Financial Reports
Good course to study with great content
C. Brant, Bendigo, VIC | Prepare Financial Reports
Very Satisfied
M. Ravichandran, Lidcombe , NSW | Prepare Financial Reports
About Us
Graduation
A Certificate of Attainment and Statement of Results will be issued upon successful completion of this course.
How to Enrol
Enrol Online: Enrol Now
Enrol via Live Chat (Business Hours)
Enrol via Telephone 1300 76 2221 (Business Hours)
Enrol via Purchase Order/Tax Invoice
Enrolling Multiple Staff?
To enrol multiple staff, please complete the Employer Enrolment Form. We’ll be in touch within 60 minutes during business hours!
Payment Options
Visa, Mastercard, BPAY and EFT/Direct Deposit. Please allow 1-2 Business days for processing for EFT and BPAY.
Course FAQs
Why Choose Australian Online Courses?
- Professional development that is widely recognised and respected;
- Improve your employment opportunities;
- Study online, anywhere via our elearning system;
- High-quality professional development programs written by industry experts;
- All course materials provided online – no textbooks to buy;
- Unlimited tutor support via email;
- We offer twelve (12) months’ access, with extensions available upon application (fees apply);
- Course may be tax deductible; see your tax advisor.
Are there any entry requirements or pre-requisites?
There are no course or subject pre-requisites for entry into our programs. However, our professional development programs are generally intended for people over the age of 18. In some circumstances, enrolments from younger people may be considered. Please complete the AOC Parent Guardian Consent Form prior to enrolling and submit here.
Are there any computer requirements?
To study online with Australian Online Courses you will need a computer (desktop PC/laptop) running a current/updated operating system with reliable high-speed internet access. You will need to use the Google Chrome browser to access your course.
When can I start this course?
You can start within 60 minutes during business hours when you enrol and pay in full with a credit card!
Credit card: Within 60 mins during business hours.
BPAY: Within 1-2 working days.
Internet Banking: Within 1-2 working days.
Cheque/Money Order: Upon receipt of mailed cheque.
How is this course delivered?
This course is delivered online via our easy-to-navigate Learning Management System (LMS), where you will discover interactive online learning/written content, resources and assessment.
Do I need to attend classes or undertake any work placements?
No. All courses are delivered online via our LMS and there are no work placement requirements in this course.
What support can I expect from Australian Online Courses?
Unlimited tutor support is available throughout your studies via email only during business hours Monday to Friday. Our Administrative team are available Monday to Friday via email, live chat and telephone.
I am an international student. Can I enrol into this course?
Yes! We accept enrolments from individuals both within Australia and internationally; location is no barrier to entry into our programs.
Career Pathways
Future growth
Strong
Unemployment
Low
Professional Development for:-
- Financial Accountant
- Human Resource Reports Administrator
- Finance Support Officer
- Senior Fund Accountant
- Financial Analyst
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