About this course
Accounting is the language of business and it is function to provide the financial information needed to run an organization or a business successfully and to ensure its sustainability.
This course does not aim to turn you into an accountant but rather to allow you to understand the financial statements of your organization and the transactions behind them so that you could make better informed decisions.
This training course is designed for professionals with no formal Accounting background and who are interested in having a comprehensive introduction to Accounting Principles and Terminologies, a strong understanding of Financial Statements and reports, and the ability to communicate smoothly and practically with accounting professionals.
Entrepreneurs and business owners will also find this course of high value. This course will help you have better understanding of the implication of business decisions on the financial performance of your company/organization.
What you'll learn
- Understand the principles and concepts of Accounting.
- Appreciate the difference between Financial Accounting, Managerial Accounting, and Financial Management.
- Understand the Accounting Cycle and Logic.
- Be able to analyze and interpret the different Financial Statements.
- Be able to compare financial information and data.
- Be able to find valuable and relevant information from annual reports.
The outline of this course is as follows:
Introduction to Accounting
- What is Accounting? What is Finance?
- Why we need Accounting?
- GAAP (Generally Accepted Accounting Principles)
- The Accounting Equation.
- The Accounting Cycle.
Double Entry Accounting:
- The Chart of Accounts.
- The General Journal.
- The General Ledger.
- Adjusting Journal Entries.
- Closing Journal Entries.
The Financial Statements
- Understanding the Income Statement.
- Transactions that Affect the Income Statement.
- Understanding the Balance Sheet.
- The Transactions behind the balance Sheet.
- Understanding the Statement of Cash flows.
- Cash and Cash Equivalents.
Understanding Financial Management
- Structure of Finance Departments
- Key Ratios to examine your organization’s financial performance
- Hands on Exercise Reviewing Financial Statements and Annual Reports
Effort8:45 am - 4:00 pm