Introduction:
This 2-day program aims to educate on the principles and controls where accounting operates in. The fundamental concepts will be discussed as well as examples to help participant see how concepts translate on paper.
Learning Objectives:
The overall objective of this course is to:
• Learn about the fundamentals and concepts of accounting
• Educate on the accounting procedures and how to implement them
• Understand the importance of having controls and concepts at hand
Program Duration:
2 days
Who Should Attend:
- Business professionals
- Entrepreneurs/ Aspiring entrepreneurs
- Executive/ Manager
- Aspiring Accountants/ Financial analysts/ Investment Bankers
- Any individuals wanting to acquire practical skills
Program Outline/Course Overview
Day 1
Topic 1: Introduction
Topic 2: Accounting Definition
Topic 3: Users of Financial Accounting Information
Topic 4: Integrating the Needs of All Departments Concerned Regarding Accounting
Topic 5: 8 Steps in the Accounting Cycle
Topic 6: Basic Accounting Concepts and Principles
Topic 7: Accounting Equation and the Rules of Debit and Credit and the Double Entry Bookkeeping System
Topic 8: Accounting Cycle
• Analyzing
• Recording
• Classifying
• Summarizing
• Interpreting
Topic 9: Common Types of Accounting Transactions and their Impact on the Accounting Equation
Day 2
Topic 1: Books of Accounts
• Different Types of Books of Accounts (Journals and Ledgers)
• Use and Definition of Each Book of Accounts
• Recording Information on Each Book of Accounts
Topic 2: Basic Financial Statements and its Preparation
Topic 3: Components of the Basic Financial Statements (applicable to every type of business organization)
Topic 4: Accounting Controls and Procedures
• Cash Control
• Documentation
• Separation of Duties
• Information Security
• Audit
Topic 5: Understanding Your Company Procedures and Its Importance
Topic 6: Common Mistakes in Setting-up Controls and Procedures
Topic 7: Simple Analysis of Financial Statements
• Understanding Financial Statements
• Sample
Summary and Wrap-up