Management >> Costing Finance and Accounting

Accounting Principles & Best Practices

MF135

Location

Duration

Date

Fee inclusive of VAT

Course Overview

Accounting is the language of business. By attending this course you will learn fundamentals of accounting, reading and analysis of financial statements. You will also appreciate the relationship between accounting and finance and understand the use ofdebits and credits. Finally, this course will help you to accurately record financial transactions and summarize them in financial statements.

Course Objective

By the end of the course, participants will be able to:

  • Define accounting and the accounting cycle
  • Identify the major rules and principles of accounting under the International Financial Reporting Standards (IFRS)
  • Demonstrate knowledge of the basic accounting equation, double-entry bookkeeping, and the new automated accounting systems
  • List the key financial statements (balance sheet, income statement, changes in shareholders’ equity and cash flow statement) and their components
  • Practice financial statements’ adjustments at month and year-end

Who Should Attend?

New stuff, and staff from any function including the accounting department who need to improve understanding and application and techniques of the language of numbers.

Course Outline

  • Introducing accounting andfinancial statements
  • Definition of accounting
  • Users of accounting information
  • Basic financial statements
  • The corporation defined
  • Defining the balance sheet
  • Assets
  • Liabilities
  • Presentation of accounting information by different business entities
  • The accounting equation
  • Traditional double-entry bookkeeping
  • Your asset is his liability
  • The chart of accounts
  • Defining the income statement
  • Defining revenue and its recognition
  • Cash flow statement

Training Methodology

  • Presentation & Slides
  • Audio Visual Aids
  • Interactive Discussion
  • Participatory Exercise
  • Action Learning
  • Class Activities
  • Case Studies
  • Workshops
  • Simulation

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

Upcoming Courses

Methods & Tools of Financial Analysis

Methods and tools of financial analysis

Read more

Implementing Best Practices in Multi-S

Global competition and increasing demands from customers have pressur

Read more

Documentary Credits & Guarantee Letter

Documentary Credits and Guarantee Letters

Read more

Documentary Credits & Guarantee Letter

Documentary Credits and Guarantee Letters

Read more

Integrated Skills of The Directors of

Learn how to choose positive results and eliminate negatives and comm

Read more

Strategies to Delegation / Motivation

This Program offers an extensive training on Delegation & Empowerment

Read more

Warehouse Operation, Spares & Inventor

In this course we will provide the participants how to plan and contr

Read more

The Art of Self-Leading & Others

Help clarify roles and responsibilities of the new job. Adjust to the

Read more