Accounting is the language of business. By attending this course, you will learn the basics of accounting and those of reading and analyzing financial statements. The course will equip you with the necessary knowledge to participate in the accounting activities of your organization, and to understand and use debits and credits. You will also learn to record financial transactions and report them in financial statements.
Course Methodology
This course uses a mix of interactive techniques, such as brief presentations by the consultant and the participants, in addition to demonstrating theoretical core accounting topics. The course also features real-life case studies.
Course Objectives
By the end of the course, participants will be able to:
Explain accounting rules
Review different accounts categories
Record financial transactions
Perform accounting adjustments
Practice closing and prepare financial statements
Interpret and analyze financial statements components
Target Audience
Accounting assistants, accounting trainees, junior accountants, administrative assistants, accounts clerks, support staff, and administrative secretaries working with accounts. No prior accounting experience is required.
Target Competencies
Understanding accounting principles
Preparing financial statements
Practicing adjustment entries
Using debits and credits in recording transactions
Understanding international financial reporting standards (IFRS)
Performing accounting closing process
Course Outline
Introduction to accounting
Importance of accounting and the accounting cycle
Accounting regulatory bodies
International Financial Reporting Standards (IFRS)
Generally Accepted Accounting Principles (GAAP)
Accounting rules updates and changes
Stakeholders and users of accounting information
Company structures and business activities
Accounting principles and guidelines
Other characteristics of accounting information
How principles and guidelines affect financial statements
Analyzing transactions
Identifying accounts names
Classifying accounts
Interpreting accounts movements
The double entry accounting
Debits and credits
The importance of T-Accounts
The 7 rules of debits and credits
Sub-ledgers and general ledgers
Preparing trial balances
Adjustment process
Adjusting assets and liabilities, revenues and expenses