Accounting Basics Training Course
Accounting, Finance and Budgeting Training

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Accounting Basics Training Course
Course Overview:
In the Accounting Basics Training Course, participants acquire the basic skills needed to handle the financial transactions of a business entity, supervise the expenditures of the institution, and even prepare the major financial statements. It includes financial, managerial and cost accounting, income statement and balance sheet preparation, and investigation of the accounting material through equations. Accounts payables and accounts receivable management, Bank reconciliation, profitability, gearing, investment ratios are also included to evaluate the business.
Aimed at people in accounting, finance, administration, HR, sales, the small business owner, the course assists people to perform to the required standard for financial institutions and tax records.
Course Objectives:
By the end of Accounting Basics Training Course, you will:
- Gain basic accounting knowledge to understand business transactions better.
- Understanding the importance of accounting and its role in operating your business.
- Easily track the business expenses and identify the cost variables.
- Being able to understand the difference between the assets (what your business own) and liabilities (what your business owes).
- Keeping an accurate record for financial institutions and taxes.
- Conducting the account analysis, monitoring payables & receivables, processing the bank reconciliation and preparing the Financial Statements.
Who Should Attend?
This Accounting Basics Training Course ideal for:
- Accounting Assistant Finance Assistant
- Secretaries Cashiers
- Admin Human Resource Professionals
- Sales Manager Information Technology Professionals
- Bankers Marketing and Advertising Professionals
- Small business owners New Entrepreneurs
Course Outlines:
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 the 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