Intermediate Finance

Module 1: Internal controls
3 Lessons
Lesson 1 – What are internal controls?
Lesson 2 – Enforcing internal controls
Lesson 3 – Preventive controls
Module 1.1: Internal controls
7 Lessons | 1 Quiz
Lesson 4 – Detective controls – Reviews
Lesson 5 – Detective controls – Petty cash reconciliations
Lesson 6 – Detective controls – Bank and salary reconciliations
Lesson 7 – Detective controls – Circularisation
Lesson 8 – Detective controls – Physical counts
Lesson 9 – Detective controls – Audits
Lesson 10 – Corrective controls
Module 1.1 Quiz
Module 2: External grants and fund management
8 Lessons | 1 Quiz
Lesson 1 – What are grants?
Lesson 2 – MOUs, LOUs, and contracts
Lesson 3 – Restricted and unrestricted funds
Lesson 4 – Grant management system
Lesson 5 – Common donor requirements
Lesson 6 – Common challenges – Timelines
Lesson 7 – Common challenges – Multiple donors
Lesson 8 – Common challenges – Shared costs
Module 2 Quiz
Module 3: Revenue recognition
6 Lessons | 1 Quiz
Lesson 1 – Revenue recognition
Lesson 2 – Types of revenue
Lesson 3 – Restricted revenue
Lesson 4 – Unrestricted revenue
Lesson 5 – In-kind donations
Lesson 6 – Acknowledging donations
Module 3 Quiz
Module 4: Fixed assets and inventory
12 Lessons | 1 Quiz
Lesson 1 – What are assets?
Lesson 2 – Asset lifespan
Lesson 3 – Asset procurement and registration
Lesson 4 – Asset usage and depreciation
Lesson 5 – Calculating depreciation
Lesson 6 – Re-evaluation
Lesson 7 – Disposal
Lesson 8 – What are inventories?
Lesson 9 – Controlling inventory
Lesson 10 – Procedures for controlling inventory
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Module 5: Financial year end and closing
15 Lessons | 1 Quiz
Lesson 1 – Financial year end
Lesson 2 – Step 1 – Circularisation
Lesson 3 – Step 2 – Confirmation of bank accounts
Lesson 4 – Step 3 – Advances, petty cash reconciliations, and corrections of balances
Lesson 5 – Step 4 – Accruals
Lesson 6 – Step 5 – Provisions
Lesson 7 – Step 6 – Asset reconciliation
Lesson 8 – Step 7 – Record of year-end transactions and revision of service contracts
Lesson 9 – Step 8 – Summary of payments to employees
Lesson 10 – What are financial statements?
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Module 6: Filing
6 Lessons | 1 Quiz
Lesson 1 – Why is filing important?
Lesson 2 – What’s a good filing system?
Lesson 3 – Making a filing index
Lesson 4 – Staying organised
Lesson 5 – Cross-referencing
Lesson 6 – Digitising your filing system
Module 6 Quiz
Module 7: Audits
12 Lessons
Lesson 1 – What is an audit?
Lesson 2 – Types of audits
Lesson 3 – Why are audits important?
Lesson 4 – How are audits conducted?
Lesson 5 – Final financial report and auditor opinions
Lesson 6 – Preparing for an audit
Lesson 7 – Auditor checklist
Lesson 8 – Dealing with unforeseen questions
Lesson 9 – Project audits
Lesson 10 – Internal audits
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Lesson 3 – Preventive controls

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