Importance of Working Capital in a business. Learn how to maintain a healthy cashflow and avoid cash deficits. Understand why net income is not a measure of healthy cashflow.

The objective of accounting is to find out whether the business is making a gain or losing money. Even the uninitiated can maintain a small business' book-keeping, familiarity with a few basic principles and account categories is all that it takes.

What is a Letter of Credit? Terms associated with a Letter of Credit, significance of last date of shipping, risks involved.

Different types of LCs and their applications explained and how to effectively use the right LC to finance procurement. Understand the operational risks and the level of payment security under different types of LCs.

How to avoid overstocking or understocking and use investment optimally. What is inventory turnover and how it affects financial statements. How to calculate the number of days it takes to sell inventory.

Learn about International Commercial Terms (Incoterms) which are used only for sea shipments and seller's responsibilities under each of them - Free Alongside Ship (FAS), Free on Board (FOB), Cost & Freight (C&F) and Cost, Insurance & Freight (CIF) and, how these differ from General Incoterms.

The importance of Incoterms in international trade. Understand the risks and responsibilities associated with each Incoterm and learn how to use the right one to avoid trade disputes and litigations.

Saving must be made a habit early in life. It may seem difficult to save during harsh times but it is possible. A review and reshuffling of your spending habits will show you ways to build up a saving.

Understand what the figures in the financial statements mean in regards to the business. Monitor your business' health with a few simple ratios and take timely corrective or preventive actions. Use financial statements to analyse your business.

Why depreciation must be accounted, what is a contra account, use the appropriate method to calculate depreciation for your business.