Basic Accounting Skills

Course Objectives

• Understand the purpose of accounting (communication, not confusion)
• Understand the accounting process, accounting equation and debits and credits double entries for assets, liabilities, revenue or gains and expenses and losses.
• Understand the steps performed in the accounting process via the accounting cycle.
• Knowing the source documents in the sales cycle and purchases cycle
• Ability to comprehend the purpose of financial statement and the methods that accounting events are recorded as transaction.
• Understanding how to analyse financial statements for decision making purposes.
• Bonus Module: Difference of accounting software versus manual accounting process

Target Audience

• Entrepreneurs, line managers, divisional heads, accounts clerks, bookkeepers. This course serve as a refresher course for accounts clerk and anyone with an interest in accounting and finance or who deals with auditors

Methodology

• Lecture
• Facilitated Group Discussions & Role plays
• Practical exercises and case studies

Course Modules

• Module 1: Mastering the principles
• Module 2: Recording and presenting financial data
• Module 3 : Common Non-routine transactions and audit preparation
• Module 4: Understanding financial statements
• Module 5: Golden Rules Of Financial Management