Basic Accounting

SCHEDULE

No schedule at the moment

If you have three or more candidates or you would like to run this course as an in-house programme, please contact us.

COURSE AIMS

The course is designed for someone who does not have accounting experience who would like to gain knowledge about the basics of accounting.

WHO WILL BENEFIT FROM THE COURSE?

This course will benefit those who are in supervisory, managerial or leadership positions, or who work in teams, and would like to become more influential in the workplace, a necessity for those who make presentations to colleagues and/ or clients as part of their professional role.

WHAT WILL YOU GAIN FROM THIS COURSE?

  • Explore the accounting framework
  • Understand the accounting process
  • Understand the process of finalisation
  • Review financial statement analysis
  • What is depreciation accounting?
  • Understand merchandise accounting
  • Reconciling cash and bank balances
  • 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

SAMPLE COURSE CONTENT

Below is an example of the course content. The content can be ‘tailored’ to meet the exact requirements of the client.

Introduction to Accounting
  • Meaning, Functions and Sub Fields of Accounting
  • Accounting Cycle
  • Accounting Principles- Concepts and Conventions
  • Accounting Equation
  • Types of Accounts
  • Rules of Debit and Credit
Accounting Process
  • Analysing Transactions
  • Recording Transactions
  • Posting to Ledger
  • Balancing the Accounts
  • Preparing Trial Balance
Finalisation of Accounts
  • Rectifying the Erroneous Entries
  • Journalising Adjustment Entries
  • Preparing Adjusted Trial Balance
  • Passing the Closing or Transfer Entries
  • Preparing Financial Statements
Financial Statement Analysis
  • 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
Financial Statement Analysis
  • Categorisation of Ratios
  • Various Types of Ratios Including Liquidity Ratios, Solvency Ratios, Structure Ratios, Leverage Ratios, and Coverage Ratios.
  • Significance of These Ratios
Reconciliation of Books
  • What actually is Bank Reconciliation?
  • Reasons for Reconciling the Books
  • Procedure or Steps for Reconciliation
Petty Cash Accounting
  • Petty Cash and its Purpose
  • Writing Petty Cash Book
  • Types of Petty Cash Book
  • Control Over Petty Cash
Inventory Accounting
  • Basics of Inventory
  • Inventory Accounting Systems
  • Inventory Valuation Methods
  • Accounting for Inventory
  • Inventory and its Impact on Financial Statements
Depreciation Accounting
  • The Basic Concepts of Depreciation
  • Methods of Depreciation
  • Accounting for Depreciation
  • Depreciation and its Impact on Cash Flow and Income Tax

METHODOLOGY OF TRAINING

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

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P.O. Box 44705, Abu Dhabi,
United Arab Emirates
Phone: +971 2 6740340
Fax: +971 2 6743554

Dubai

P.O. Box 334058, Dubai,
United Arab Emirates
Phone: +971 4 2566414
Fax: +971 4 2566424