understanding accounts finance for non-financial interactive cd-rom
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Understanding Accounts is a "finance for non-financial" multimedia CD-ROM to help you read and understand an Annual Report and Accounts, including the Balance Sheet, Income Statement / Profit and Loss Account and Cash Flow Statement.  It also explains the concepts of Assets and Liabilities, Liquidity, Depreciation, Equity and Loan Capital and Gearing, and shows how to use Accounting Ratios to identify trends in a company's financial performance.

business start-up

 financial model

Balance Sheet FAQ

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 The Approach

The multimedia takes a new approach in that it combines realistic video drama and extensive interactivity with Nick Rints' financial model, which has been refined through years of successful courses explaining company accounts to non-financial staff in major companies and training and educational institutions.

The multimedia is based around the figures of two fictional businesses, Nicholas Industries and Green Valley Caravan Park, seen through the eyes of three colleagues: Stephanie, Neil, a salesman, who is in danger of losing a large contract because the customer has been turned down for credit, and James, who is investing in his brother-in-law's new caravan site.  Explanation and commentary is provided by financial trainer Nick Rints and broadcaster Christina Barryk. Nick uses a computer animated model of water tanks, pipes, valves, pumps and meters to explain how a business uses money.

Extensive interactivity provides users not just with the means to test and consolidate their knowledge, but with the opportunity to build sets of accounts, including the profit and loss account and balance sheet.

For more information about Nick Rints, click here.

Animations for this multimedia were created by Hugh Walker at Animation Direct.

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