Certified Accounts Assistant Course

Course Overview:

The Certified Accounts Assistant Program addresses the need to receive a foundational course in accounting. In the end of this course, participants will understand the accounting process, its scope, its objectives, and its importance.

They will assist accounting departments in processing transactions, dispursing checks, compiling financial information, and conducting audits.

 The course also addresses the authenticity of the accounts, accountability and explanation of the components which make up the accounts such as Debits and Credits, Adjusting and closing entries, asset accounts and control of Liabilities and equity.

The program is suitable for those who wish to build up their careers in the accounting and payroll sector, as it provides learners with competencies necessary for assisting accountants in the ordinary business activities, as the name’s suggests the bookkeeping work.

Course Objectives:

At the end of this Certified Accounts Assistant Program, participants will be able to:

• Providing support to the Accounting Department.
• Performing basic office tasks, such as filing, data entry, answering phones, processing the mail, etc.
• Handling communications with clients and vendors via phone, email, and in person.
• Processing transactions, issuing checks, and updating ledgers, budgets, etc.
• Preparing financial reports.
• Assisting with audits, fact checks, and resolving discrepancies.
• Define the accounting cycle.
• Discover how accounting affects their day-to-day business.
• Outline the components of financial statements.
• Perform every step of the accounting closing cycle.
• Get up-to-date with accounting terminology that will enable them to perform more effectively at work.

Who Should Attend?

This Certified Accounts Assistant Course is ideal for:

• Anyone who is familiar with accounting principles already wants to get started working with accountants in the accounting and payroll field, looking for more training or is just interested in this field of study.

Course Outlines:

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 Account Names.
• Classifying Accounts.
• Interpreting Account 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 Balance.

Adjustment Process

• Adjusting Assets and Liabilities, Revenues and Expenses:
• Accrued Liabilities / Expenses and Revenues.
• Deferred Assets / Expenses and Revenues.
• The Process of Preparing Adjusted Trial Balance.
• Adjustments for Contra-Accounts.

Closing Process

• The Four Important Closing Entries.
• Using the 10-Column Worksheet.
• Preparing Financial Statements:
• Income Statement.
• Balance Sheet.
• Understanding and Preparing Closing Trial Balance.

Assets Accounting and Reporting

• Accounting and Presentation of Cash, Petty Cash, and Cash Reconciliation.
• Accounts Receivable and Allowances.
• Inventory Costing and Valuation.
• Recording and Maintaining Fixed Assets.
• Depreciation and Accumulated Depreciation.
• Intangible Assets and Other Non-Current Assets.

Current Liabilities and Accruals

• Accounts Payable and Notes Payable.
• Accrued Liabilities.
• Short and Long-Term Loans.

Understanding Shareholders’ Equity

• Share Capital.
• Retained Earnings.
• Government and Management Reserves.

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