Management / Costing Finance and Accounting

Durations : 5 Days

Account for non-accountant

MF118

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All our services are oriented to be offered to Companies, Government Sectors and Authorities within a pre-agreed career development plans and human resources development strategies.
Our programs are designed to serve specific sectors and not proportion with public.

No-one in business will succeed if they are not financially literate – and no business will succeed without financially-literate people. This is the ideal programme for managers and others who don’t have a financial qualification or background but who nonetheless need a greater understanding of the financial management disciplines essential to your organisation

his course will give the participants a sound understanding of financial reports, measures and techniques to make them even more effective in their roles. It will enable participants to:

  • Overcome the barrier of the accountants’ strange language
  • Deal confidently with financial colleagues
  • Improve their understanding of your organisation’s finance function
  • Radically improve their planning and budgeting skills
  • Be much more aware of the impact of their decisions on the profitability of your organisation
  • Enhance their role in the organisation
  • Boost their confidence and career development

This course is designed for people who require a greater working knowledge of the accounting process and financial statements.

Introducing Accounting and the FinancialStatements

  • Definition of Accounting
  • Users of Accounting Information
  • Basic Financial Statements
  • The Corporation Defined
  • Presentation of Accounting Information by Different Business Entities

International Financial Reporting Standards (IFRS)

  • The International Accounting Standards Board (IASB)
  • Introduction to International Financial Reporting Standards (IFRS)
  • Main Differences between International Financial Reporting Standards (IFRS) and US Generally Accepted Accounting Principles (GAAP)

Double-Entry Accounting

  • The Accounting Equation
  • Traditional Double-Entry Bookkeeping
  • Your Asset is his Liability
  • The Chart of Accounts
  • The General Journal
  • The General Ledger
  • Trial Balance
  • Modern Bookkeeping: Automating Transactions

Net Equity

  • What is Capital Stock?
  • Dividends are not an Expense!
  • Cash Dividends, Stock Dividends and Stock Split
  • Definition of Treasury Stock
  • Retained Earnings: Not the Same as Cash

The Balance Sheet and its Components

  • Defining the Balance Sheet
  • Assets
  • Liabilities
  • Equity
  • Current versus Non-Current Assets and Liabilities
  • The Balance Sheet Illustrated

Income Statements

  • Defining the Income Statement
  • Defining Revenue and its Recognition
  • Defining Expenditures and their Classifications
  • Calculating Profit
  • Gross Profit
  • Operating Profit
  • Net Profit
  • The Income Statement Illustrated

Cash Flow Statement

  • Defining the Statement of Cash Flows
  • Cash and Cash Equivalents
  • Classification of Cash Flows
    • Operating Activities
    • Investing Activities​
    • Financing Activities
  • The Cash Flow Statement Illustrated

Adjustments to Financial Statements

  • The Accrual Concepts
  • Accruals and Prepayments
  • Depreciation
  • Bad Debts
  • Provisions for Contingencies
  • Presentation & Slides
  • Audio Visual Aids
  • Interactive Discussion
  • Participatory Exercise
  • Action Learning
  • Class Activities
  • Case Studies
  • Workshops
  • Games & Role plays

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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