Course Overview

By the end of the program, participants are going to be in a position to:
  • Build budget templates and models for his or her departments or organizations
  • Apply many foretelling techniques to higher manage uncertainties in budgeting
  • value capital budgeting choices exploitation many ways and suggest correct action
  • Utilize Microsoft surpass functions and tools within the budgeting method
  • value the budgeting method in their organization and suggest enhancements

Who Should Attend?

Accounting assistants, accounting trainees, junior accountants, administrative assistants, accounts clerks, support workers, and administrative  secretaries operating with accounts. No previous accounting expertise is needed.

Program Outline

Introduction to Accounting
  • Importance of Accounting and the Accounting Cycle
  • Accounting Regulatory Bodies
  • International Financial Reporting Standards (IFRS)
  • Generally Accepted Accounting Principles (GAAP)
  • Accounting Rules Updates and Changes
  • Stakeholders and Users of Accounting Information
  • Company Structures and Business Activities
  • Introduction to Accounting Principles
  • Accounting Principles and Guidelines
  • Other Characteristics of Accounting Information
  • How Principle and Guideline Affect Financial Statements
  • Analysing Transactions
  • Identifying Account Names
  • Classifying Accounts
  • Interpreting Account Movements
  • The Double Entry Accounting
  • Debits and Credits
  • The Importance of T-Accounts
  • The seven Rules of Debits and Credits
  • Sub-Ledgers and General Ledgers
  • Preparing Trial Balance
  • Adjustment Process
  • Adjusting Assets and Liabilities, Revenue and Expenses:
  • Accrued Liabilities/ Expenses and Revenues
  • Deferred Assets / Expenses and Revenues
  • The Process of Preparing Adjusted Trial Balances
  • Adjustments for Contra-Accounts
  • Closing Process
  • The Four Important Closing Entries
  • Using the 10-Column Worksheet
  • Preparing Financial Statements:
  • Income Statement
  • Balance Sheet
  • Understanding and Preparing Closing Trial Balance
  • Assets Accounting and Reporting
  • Accounting and Presentation of Cash, Petty Cash and Cash Reconciliations
  • Accounts Receivable and Allowances
  • Inventory Costing and Valuation
  • Recording and Maintaining Fixed Assets
  • Depreciation and Accumulated Depreciation
  • Intangible Assets and Other Non-Current Assets
  • Current Liabilities and Accruals
  • Accounts Payable and Notes Payable
  • Accrued Liabilities
  • Short and Long-Term Loans
  • Understanding Shareholders’ Equity
  • Share Capital
  • Retained Earnings
  • Government and Management Reserves

Program Objectives

By  end of the program, participants will be able to:
  • Define the accounting cycle
  • Discover how accounting affects their day-to- day business
  • Outline the components of financial statements
  • Perform every step of the accounting closing cycle
  • Get up-to-date with accounting terminology that will enable them to perform more effectively at work

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