Accounting Principles Essentials

Course Objectives

• On completion of the programme, participants will be able to:-

  1. Understand the types of legal entities and importance of accounting for each of entities.
  2. Understand the accounting process, the accounting equation, debits and credits double entries for assets, liabilities, revenue or gains and expenses and losses.
  3. Understand the steps performed in the accounting process via the accounting cycle especially the source documents in the sales cycle and purchases cycle.
  4. Ability to comprehend the purpose of financial statement and the methods that accounting events are recorded as transaction.
  5. Understanding the basics on how to analyse financial statements for decision making purposes.
  6. Understanding and performing double entries for adjusting entries: depreciation, accruals, correction of entries and prepayments
  7. Understand the mechanics of personal tax and business tax computation for companies, related forms and submission deadlines

AUDIENCE

• Admin clerk
• Account executive
• Audit associate
• Freelance account / bookkeeper
• SME Business Owner
• Financial Planner
• Start-up Corporation

Methodology

• The Course content will be delivered through short lectures, group discussions, group presentation, roleplay and skill practice during the training programme. Certification in training will be awarded to the participants upon full attendance and assessment results of competency

Course Modules

• Module 1: Mastering the principles

• Module 2: Recording and presenting financial data

• Module 3: Understanding and performing common adjusting entries

• Module 4: Year-end procedures

• Module 5: Types of financial reports

• Module 6: Tax computation

• Module 7: Business operations and documents

• Module 8: Accounting Software