Accounting Principles and Practices > How To Prepare And Maintain Full Set Of Accounts

How To Prepare And Maintain Full Set Of Accounts

Course Objectives

Understanding the basics and necessity of Accounting
Understanding the glossary of accounting terms
To explain and understand the concept of double-entry (debits and credits)
To fully understand what is meant by ‘books must be balanced”
Know how to provide for depreciation, bad debts, and other entries
Understanding accruals, prudence and matching concepts, as well other accounting principles
Learn what are financial statements (Balance sheet, income statement, cash flow statement)

Target Audience

This program is suitable for Accountants, Accounts and Finance Executives, Accounts Clerks, Book-keepers and Accountancy students.

Methodology

This program will be conducted through interactive lectures, practical exercises, and discussion on all relevant aspects to ensure participants grasp aspects presented

Course Modules

Module 1: History And The Necessity Of Bookkeeping
Module 2: Glossary & Understanding Of Terms (Depreciation, Financial Statements, Asset, Liability, Capital, Equity, Preference Shares, Debits & Credits, Amortization, Etc)
Module 3: Concept Of “Double-Entry” In Accounts
Module 4: Accruals, Prudence And Matching Concepts
Module 5: Journal Entries And Posting Into Accounts; Fixed Assets Accounting
Module 6: Accounts Receivable & Accounts Payable; Bank Reconciliation
Module 7: Inventory Accounting And Methods Of Valuation
Module 8: Hire Purchase And Loan Accounting
Module 9: Share Capital, Share Premium And Other Sources Of Funding And Reflection In Books
Module 10: Computerized / Automated Accounting
Module 11: Interpretation Of Financial Statements (Quick Look At Ratio Analysis)

Get To Know The Trainer

Trainer Harjit

4.5

Dr. Harjit (FCCA, NLP, IHA, Ph.D), has been in the corporate field for the past 16 years (in manufacturing, internet, travel & hospitality (hotel), music and consultancy industry) and in last 15 years, he has consulted and trained on various programs such as Leadership, Motivational Critical and Lateral Thinking and NLP related programs to the working adults.

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