Overview
The language of business is accounting. You can learn the fundamentals of accounting and that of reviewing and analyzing financial statements by completing this program. The software will equip you with the requisite skills to engage in your organization's accounting activities and to understand and use debits and credits. You'll also learn to document and report financial transactions in financial statements.
Course Target
By the end of the program, participants will be able to:
- Understanding accounting regulations
- Examination of distinct types of accounts
- Registering financial transactions
- Perform accounting changes
- Closing practice and preparation of financial statements
- Understand and analyze the elements of financial statements
Target Audience
Accounting assistants, trainees in accounting, junior accountants, administrative assistants, accounting clerks, support workers, and accounting secretaries. No previous experience with accounting is required.
Personal Impact
Organization Impact
Course Outline
Module One
- The value of accounting and the period of accounting
- Regulatory Accounting Bodies
- Requirements for International Financial Reporting (IFRS)
- Widely accepted standards of accounting (GAAP)
- Changes and modifications to accounting rules
- Stakeholders and accounting data consumers
- Arrangements of corporations and corporate practices
- The standards of accounting and guidance
- Other characteristics of knowledge concerning accounting
- How financial statements are influenced by principles and guidelines
Module Two
- Identifying names for accounts
- Grouping of accounts
- Interpreting trends in accounts
- Debits and Credits o
- The meaning of T-Accounts
- The 7 Debit and Credit Rules
- Sub-ledgers and general ledgers o
- Planning balances for trial
Module Three
- Change of assets and liabilities, profits and expenditures
- Unpaid liabilities, costs and profits
- Cash, expenditures and revenues deferred
- The method of planning modified balances for trials
- Contra-accounts changes
- The four critical closing entries
- Using the Worksheet 10 columns
- Financial Report Preparation:
- Statement of Profits
- ·Balance sheet
- Understanding and preparing closing trial balance
Module Four
- Currency and equivalents in cash
- Receivable accounts and deductions
- Costing and valuation of inventory
- Recording and retention of fixed assets
- Depreciation and accumulated amortization o
- Immaterial land and other non-current properties
Module Five
- Payable accounts and payable notes
- Unpaid liabilities
- Short-term and long-term loans
- Capital shares
- Profits Held
- Funds of Government and Management
