Introduction
Accounting is the language of business, enabling organizations to measure performance, track financial health, and make informed decisions. This course provides a comprehensive foundation in accounting principles, financial statements, and reporting practices. Participants learn how to analyze transactions, prepare reports, and ensure compliance with professional standards.
Course Objectives
- Understand core accounting principles and concepts.
- Apply the accounting cycle from transaction to financial statements.
- Prepare accurate financial statements.
- Interpret financial results for internal and external stakeholders.
- Strengthen compliance with accounting standards.
Target Audience
- Junior accountants and finance assistants.
- Students and professionals transitioning into accounting roles.
- Department managers needing financial literacy.
- Administrative and support staff working with financial data.
- Anyone seeking foundational accounting knowledge.
Course Outline
- 5 Sections
- 0 Lessons
- 5 Days
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- Day 1: Accounting Fundamentals• Purpose and scope of accounting.
• Key concepts: accrual, matching, materiality, prudence.
• Chart of accounts and accounting system structure.
• Double-entry bookkeeping explained.
• T&T: Transaction journals, accounting standards glossary.0 - Day 2: The Accounting Cycle• Recording financial transactions.
• Posting to ledgers and trial balance preparation.
• Identifying and correcting errors.
• Case study: Common bookkeeping mistakes.
• T&T: Ledger templates, trial balance tools.0 - Day 3: Preparing Financial Statements• Income statement components.
• Balance sheet structure and analysis.
• Cash flow statement fundamentals.
• Adjusting entries and closing processes.
• T&T: Financial statement templates, adjusting entry guides.0 - Day 4: Interpreting Financial Results• Understanding performance through ratios.
• Identifying trends and anomalies.
• Linking financial statements together.
• Workshop: Interpret a real company’s statements.
• T&T: Ratio calculators, analysis dashboards.0 - Day 5: Reporting, Compliance & Presentation• Reporting for internal and external users.
• Accounting policies and disclosures.
• Preparing executive summaries and analyses.
• Group presentation: Financial reporting case.
• T&T: Reporting frameworks, disclosure checklists.0
Instructor
Lessons:
