Accounting Basics Training

Accounting

Course Info

Duration: 1 Week

Available Dates

Venue

Course Details

Course Outline

5 days course

 

What is Accounting?

 

  • History of Accounting
  • Best use of Accounting in the modern business environment
  • The importance of accounting in operating a successful business
  • Types of Accounting- Financial Accounting – Managerial Accounting – Cost Accounting

 

Recording Financial Transactions

 

  • Types of business transactions and documentation
  • Preparing the ledger accounts
  • Sales and credit transactions
  • Purchase and credit transactions
  • Preparing the trial balance
  • The duality of transactions and the double-entry system -Debit -Credit

 

Accounting for Income Statement

 

  • The importance of an Income Statement
  • Preparation of Income Statement
  • Revenue recognition
  • Cost of sales valuation
  • The adjustments for Accruals and Deferrals
  • The cost of depreciation

 

Accounting for Balance Sheet

 

  • The importance of a Balance Sheet
  • Preparation of a Balance Sheet
  • Fixed Assets and Intangible Assets
  • Account Receivables, Account Payables
  • Inventory and Cash at bank
  • Equity and long-term Liabilities

 

Accounting Analysis and Performance Measurements

 

  • The accounting equations
  • Performing bank reconciliation
  • Working capital cycle
  • Performing account analysis
    • Profitability Ratios
    • Gearing Ratios
    • Investment Ratios

Course Video