Management >> Costing Finance and Accounting

Accounting for Non-Accountants

MF127

Location

Duration

Date

Fee inclusive of VAT

Jubail
5 Days
26-10-2025
17,250 (SAR)

Course Overview

In today's data-driven business world, professionals across all functions must understand financial information to contribute effectively to decision-making and organizational success. This course equips non-accountants with the essential tools of accounting, empowering them to grasp financial statements, comprehend the impact of business activities, and communicate more effectively with finance teams.

Course Objective

  • Understand the principles and structure of the accounting cycle under IFRS.
  • Apply double-entry bookkeeping and record financial transactions accurately.
  • Analyze and interpret the main financial statements for informed business decisions.
  • Identify key adjustments in financial reporting, including accruals and depreciation.
  • Distinguish between different accounting standards (IFRS vs. GAAP) and their implications.

Who Should Attend?

  • Department Managers and Supervisors
  • Non-Finance Professionals in Sales, Operations, or HR
  • Junior Finance Staff transitioning to broader roles
  • Business Owners or Entrepreneurs

Course Outline

Module 1: Introduction to Accounting and Financial Statements

  • What is accounting?
  • Users of accounting information
  • Overview of the four basic financial statements
  • The corporate structure and financial reporting
  • Business entity formats and accounting presentation

Module 2: International Accounting Standards

  • Introduction to IFRS
  • IFRS vs. US GAAP: Key differences
  • Importance of global standards

Module 3: Double-Entry Bookkeeping Fundamentals

  • The accounting equation
  • Structure of double-entry system
  • Understanding the chart of accounts
  • Practical examples of entries

Module 4: The Recording Process

  • General journal and ledger
  • Trial balance construction
  • Automation in bookkeeping systems

Module 5: Income Statement Components

  • Defining revenues and recognition criteria
  • Expense classifications
  • Calculating net profit and equity
  • Understanding capital stock and dividends

Module 6: Balance Sheet Fundamentals

  • Structure and components of the balance sheet
  • Classification of assets and liabilities
  • Equity section explained
  • Sample balance sheet interpretation

Module 7: Statement of Cash Flows

  • Purpose and components of the cash flow statement
  • Operating, investing, and financing activities
  • Interpreting cash flow data

Module 8: Financial Statement Adjustments

  • Accrual accounting concepts
  • Prepayments, depreciation, and bad debts
  • Provisions and contingent liabilities

Module 9: Integrated Financial Analysis

  • Linking income statement, balance sheet, and cash flows
  • Ratio analysis basics
  • Evaluating business performance

Module 10: Review and Assessment

  • Interactive case study analysis
  • Group discussion and scenario exercises
  • Final quiz and wrap-up discussion

Training Methodology

The course combines various teaching methods, including instructor-led presentations, group discussions, case study analyses, and assessments through quizzes and a final exam to engage participants and ensure they understand and retain the material.

Terms & Conditions

ACTrain reserves the right to alter the Course Schedule without Prior Notification, Fees Quoted are Subject to Terms & Conditions Outlined in ACTrain's Registration Policy

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