As a professional accountant or bookkeeper, it is your responsibility to determine the financial position and performance of a business and you need to be able to make sound financial decisions based on your current knowledge. You are expected to make good decisions that will increase your company’s revenue and minimize expenses while achieving a certain level of profitability. The key to doing this is to be able to read financial reports, work with other financial professionals, and understand financial trends and events.
The first part of the accounting for decision making course covers the concepts of budgeting, analyzing information, determining the accuracy of financial data, understanding investment choices, and preparing financial statements. The second part of the class is the actual coursework, which will provide a variety of practice tests in preparation for the examination required for certification.
This course will also give you the tools necessary to communicate your findings and suggestions with management and other key employees in the business. The course provides you with the knowledge necessary to write your own financial reports. It also introduces you to the different types of financial information you will need for the exam.
The third part of the accounting for decision making course prepares you to administer an examination given by the National Accounting Standards Board. The exam is administered after you have passed the first two courses. You will be asked to review various financial reports, make presentations, and answer questions from students who are expected to ask them about their own financial experiences and learn about financial reporting, budgeting and financial management. You will also be trained to prepare questions for the exam so that you can prepare effectively.
The exam will be administered in one of two ways. You can take the exam at an exam center, which will give you practice exams; or you may take the exam at home. If you choose to take the exam at a center, you will be provided with an examination booklet that includes test instructions, questions and sample questions to prepare for the exam.
If you choose to take the exam at home, you will need to complete a home study program that contains all the material covered in the class and also includes resources such as an online practice test. You will need to study for about two hours each night so that you can study in your spare time.
When you complete the exam you will pass with an average of 80% or better. The passing score is determined by a written examination and a follow-up telephone conversation with the examiners. In order to pass, you must demonstrate your ability to analyze financial data and communicate your findings in a clear and timely manner. The course also provides students with specific tools that will help them meet the needs of their current employer and provide them with the knowledge they need to become successful in their chosen profession.
This course is an important part of any career planning process. As part of an organization, you may need to evaluate the financial statements of your company on a regular basis. The ability to understand financial data will be a very valuable skill for many career fields. Accounting can also be used to make sound decisions in your personal financial affairs.
If you decide to take the course, you should know that the time spent on the course will not pay for itself. You will have to pay for the textbook, teacher, lab fee, and the examination fees. If you cannot afford this expense, you may consider taking the exam at home and taking it in between classes. or on the weekends.
The decision making course also provides you with some tools that you may not be familiar with. that are useful for your future job searches and for employment.