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UNIT |
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LESSONS |
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LEARNING FOCUS |
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We double-check our transactions. |
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An introduction to different finance departments. |
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The role of the different sections within the finance department. |
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Are you credit-worthy? |
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Discussing credit control |
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How to check that your customers are credit worthy and how to maintain a good credit control system. |
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We must control inventory levels. |
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The importance of a good inventory control system. |
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Recording stocks of raw materials, work in progress and finished goods are all part of the inventory control system. |
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What are indirect costs? |
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Calculating the selling price of goods. |
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Direct and indirect costs and discounts are all factors when deciding on your final selling price. This unit explains some of the costs to be taken into consideration. |
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All export documentation must be precise. |
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Exporting goods |
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This unit deals with some of the paperwork involved in exporting goods and the role of the customs department in the export procedure. |
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You must meet the terms and conditions. |
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Methods of payment for overseas trade. |
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Pro forma invoicing, wire transfers and drafts and documentary letters of credits are all ways of obtaining payment from overseas buyers. |
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What is good will? |
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Assets and liabilities |
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Balance sheet reporting, the different types of assets and liabilities, and accounting for depreciation are covered in this unit. |
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Some products are cash cows. |
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Discussing profitability |
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The income statement is an important reporting tool. All companies strive to make a profit. Some products are loss-makers, whereas others are cash cows. It's important to find the right balance to ensure profitability. |
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All publicly traded companies have stockholders. |
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The need for stocks and stockholders. |
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Publicly listed companies raise money in the form of preffered or common stock. The benefits and disadvantages to the stockholders of holding each type of stock. |
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Is it a bear or a bull market? |
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Discussing the stock market |
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How to buy stocks, the difference between a bear and a bull market, and what causes the stock market to rise or fall. |
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There are too many taxes to pay! |
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The difference between direct and indirect taxation. |
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We all pay taxes in one way or another. This unit deals with some of the different types of personal and business taxes that you are likely to encounter. |
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They ensure we aren't cooking the books. |
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The role of an external auditor. |
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Ensuring the company is operating within government regulations in their record keeping. Risk assessments and safeguarding assets are all important functions of an auditor's job. |
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