91177 Interpret Accounting Information - School Use

What you'll learn

This course covers the things you'll need to know and be able to do for achievement standard, 91177 (Accounting 2.4) Interpret accounting information for entities that operate accounting subsystems.

In it you'll find answers to questions like:

• How do we calculate and explain profitability analysis measures to include:
  • percentage change from one year to the next
  • change in dollar amount from one year to the next
  • mark-up percentage
  • gross profit percentage
  • expense/cost percentages
  • net profit percentage
  • return on equity percentage
  • rate of return on total assets percentage.
• How do we interpret, and explain the meaning of analysis measures and identify trends, including:
  • explaining possible reasons for trends
  • commenting on the adequacy of the measure
  • using comparative figures and theresults of analysis to identify trends
  • identifying possible consequences of a continued trend
  • linking analysis measures to other financial information
  • making links between analysis measures
  • making recommendations about how areas of concern may be improved and justifying how those recommendations will help to fix a problem.
• How do we calculate analysis measures such as:
  • measures of liquidity
  • current ratio
  • liquid ratio
  • measures of financial stability
  • equity ratio
  • measures of management effectiveness
  • inventory turnover
  • age of accounts receivable.

LearnWell Digital resources bring you the same great learning as in our books - but in an interactive digital format. They are accessed by using the iQualify online learning platform, where you'll find all your digital resources together in one place. 

You can find out more on the information page about our LearnWell Digital resources.