Basic Accounting
QUICK PAY
Debit Card/Credit CardSEND AN INQUIRY
Talk to our team!Overview
Any organisation that deals with money or money’s worth needs to record every transaction that it enters into. This workshop will give a complete understanding, right from scratch to preparation and analysis of financial statements. This is an engaging and interactive workshop, which will support each delegate in accordance with the ‘learn by doing’ approach.
Objectives
- Explore the accounting framework
- Understand the accounting process
- Understand the process of finalisation
- Review financial statement analysis
- Learn what depreciation accounting is
- Understand merchandise accounting
- Learn how to reconcile cash and bank balances
- Understand bookkeeping and accountancy
- Knowledge and understanding of:
- Accounting concepts
- Accounting equations
- Rules of accounting
- Recording the transactions
- Adjusting and rectifying the books
- Preparation of financial statements
- Analysing financial statements
- Reconciling the books
Course Content
Below is an example of the course content. The content can be 'tailored' to meet the exact requirements of the client.
- Meaning, functions and sub fields of accounting
- Accounting cycle
- Accounting principles- concepts and conventions
- Accounting Equation
- Types of Accounts
- Rules of debit and credit
- Analysing transactions
- Recording transactions
- Posting to ledger
- Balancing the accounts
- Preparing trial balance
- Rectifying the erroneous entries
- Journalising adjustment entries
- Preparing adjusted trial balance
- Passing the closing or transfer entries
- Preparing financial statements
- Categorisation of ratios
- Various Types of ratios
- Significance of these ratios
- Decomposition of ROA and ROE with DuPont analysis
- Various other types of ratios:
- Profitability ratios
- Expense ratios
- Turnover ratios
- Market sensitivity ratios
- Limitations of ratio analysis
- What actually is bank reconciliation?
- Reasons for reconciling the books
- Procedure or steps for reconciliation
- Petty cash and its purpose
- Writing petty cash book
- Types of petty cash book
- Control over petty cash
- Basics of inventory
- Inventory accounting systems
- Inventory valuation methods
- Accounting for inventory
- Inventory and its impact on financial statements
- The basic concepts of depreciation
- Methods of depreciation
- Accounting for depreciation
- Depreciation and its impact on cash flow and income tax
Methodology
The foundation of our training is anchored in activity-based experiential learning. This methodology takes into consideration different learning and communication styles, and more importantly language and cultural differences. It is through active participation that the adoption and application of theory is expedited.
Our training team pays careful attention to planning and designing effective instructional methods essential for the transfer of knowledge. It is the creative skill of our management trainers and consultants that reveal untapped skills of the delegates through:
- Group discussion
- Individual and syndicate activities
- Individual and group tasks
- Case studies
- Role plays
- Audio and video evaluation
- Action planning
- Experiential learning games
- Presentations
- Assessments
Date
Time
Cost
Location
English 
Arabic 