Accounting Structure, Nature and Classification of Transaction training course

Accounting Structure, Nature and Classification of Transaction

Available Dates

Venue

Jan-06-2025

Kuala Lumpur
Jan-06-2025

Istanbul
Jan-13-2025

Barcelona
Jan-13-2025

Paris
Jan-20-2025

London
Jan-20-2025

Amsterdam
Jan-27-2025

Barcelona
Jan-27-2025

Dubai
Feb-03-2025

Kuala Lumpur
Feb-03-2025

Istanbul
Feb-10-2025

Barcelona
Feb-10-2025

Paris
Feb-17-2025

Amsterdam
Feb-17-2025

London
Feb-24-2025

Barcelona
Feb-24-2025

Dubai
Mar-03-2025

Istanbul
Mar-03-2025

Kuala Lumpur
Mar-10-2025

Paris
Mar-10-2025

Barcelona
Mar-17-2025

London
Mar-17-2025

Amsterdam
Mar-24-2025

Dubai
Mar-24-2025

Barcelona
Apr-07-2025

Kuala Lumpur
Apr-07-2025

Istanbul
Apr-14-2025

Barcelona
Apr-14-2025

Paris
Apr-21-2025

Amsterdam
Apr-21-2025

London
Apr-28-2025

Barcelona
Apr-28-2025

Dubai
May-05-2025

Kuala Lumpur
May-05-2025

Istanbul
May-12-2025

Barcelona
May-12-2025

Paris
May-19-2025

London
May-19-2025

Amsterdam
May-26-2025

Dubai
May-26-2025

Barcelona
June-02-2025

Kuala Lumpur
June-02-2025

Istanbul
June-09-2025

Barcelona
June-09-2025

Paris
June-16-2025

London
June-16-2025

Amsterdam
June-30-2025

Kuala Lumpur
June-30-2025

Dubai
June-30-2025

Barcelona
June-30-2025

Istanbul
July-07-2025

Istanbul
July-07-2025

Kuala Lumpur
July-14-2025

Barcelona
July-14-2025

Paris
July-21-2025

Amsterdam
July-21-2025

London
July-28-2025

Dubai
July-28-2025

Barcelona
Aug-04-2025

Istanbul
Aug-04-2025

Kuala Lumpur
Aug-11-2025

Barcelona
Aug-11-2025

Paris
Aug-18-2025

Amsterdam
Aug-18-2025

London
Aug-25-2025

Barcelona
Aug-25-2025

Dubai
Sep-01-2025

Kuala Lumpur
Sep-01-2025

Istanbul
Sep-08-2025

Paris
Sep-08-2025

Barcelona
Sep-15-2025

Amsterdam
Sep-15-2025

London
Sep-22-2025

Barcelona
Sep-29-2025

Kuala Lumpur
Sep-29-2025

Dubai
Sep-29-2025

Istanbul
Oct-06-2025

Kuala Lumpur
Oct-06-2025

Istanbul
Oct-13-2025

Paris
Oct-13-2025

Barcelona
Oct-20-2025

London
Oct-20-2025

Amsterdam
Oct-27-2025

Barcelona
Oct-27-2025

Dubai
Nov-03-2025

Kuala Lumpur
Nov-03-2025

Istanbul
Nov-10-2025

Barcelona
Nov-10-2025

Paris
Nov-17-2025

London
Nov-17-2025

Amsterdam
Nov-24-2025

Dubai
Nov-24-2025

Barcelona
Dec-01-2025

Istanbul
Dec-01-2025

Kuala Lumpur
Dec-08-2025

Barcelona
Dec-08-2025

Paris
Dec-15-2025

London
Dec-15-2025

Amsterdam
Dec-22-2025

Barcelona
Dec-29-2025

Istanbul
Dec-29-2025

Kuala Lumpur
Dec-29-2025

Dubai

Course Details

In accounting, the structure, nature, and classification of transactions form the core of financial recording and analysis, ensuring accuracy in financial statements and enabling insightful business decisions. Every financial transaction impacts the accounting equation—the fundamental relationship between assets, liabilities, and owner’s equity—and this equation provides the foundation for interpreting a company’s financial position. A well-organized accounting structure combined with the proper classification of business transactions allows businesses to effectively track and analyze financial performance, maintain compliance with standards such as IFRS and GAAP, and streamline their accounting processes.

The Accounting Structure, Nature, and Classification of Transactions Training Course covers these fundamental principles and practices, guiding participants through the essential components of accounting, including the accounting equation, chart of accounts, and double-entry system. Participants will explore transaction classification, recording methods, and international standards compliance, building practical skills for organizing and managing complex business transactions, from basic entries to multi-purpose and foreign currency transactions.

Upon completion of this Accounting Structure, Nature, and Classification of Transactions course, participants will be able to:

Gain a solid understanding of fundamental accounting principles and their role in business decision-making.
Understand the basic accounting equation and the structure of major financial statements.
Describe the nature of business transactions and recognize the methodology of verifying these transactions.
Analyze the impact of business transactions on the accounting equation, ledger accounts, and financial statements.
Classify business transactions by purpose, institutional relationship, and cash exchange basis.
Develop and organize a chart of accounts to ensure accurate and efficient transaction recording.
Record transactions accurately using the double-entry system, handling both debits and credits.
Classify and handle more advanced transactions, including multi-purpose and foreign currency transactions.
Ensure compliance with international accounting standards, such as IFRS and GAAP.
Utilize advanced technology and best practices to streamline business transaction processes.

The Accounting Structure, Nature, and Classification of Transactions Training Course is ideal for individuals working in or aspiring to develop expertise in accounting and finance, including:

Junior Accountants
Finance and Accounting Assistants
Business Owners and Entrepreneurs
Managers and Supervisors
Administrative and Office Staff

Course Outline

5 days course

Day 1

Day 2

Day 3

Day 4

Day 5

Accounting Principles and Structure

Definition of Accounting and its role in business decision-making
Exploring accounting principles
Describing the basic accounting equation and its components:

Assets
Liabilities
Owner’s Equity

Exploring the structure and functions of major financial statements:

Income Statement
Owner’s Equity Statement
Balance Sheet
Statement of Cash Flow

Introduction to double-entry systems and their purpose
Discovering the steps in the accounting cycle

Nature of Business Transactions

Definition of business transactions and their characteristics
Discussing the criteria for recognizing transactions
Exploring types of source documents for transaction verification:

Invoices
Receipts
Contracts

Analyzing the impact of transactions on accounting equations and ledger accounts
Discussing the impact of transactions on financial statements and organizational value
Practical exercises about the impact of business transactions on accounting equation

Classification of Business Transactions

Identifying the difference between business and non-business transactions
Discovering the main types of business transactions:

Operational transactions
Investment transactions
Financing transactions

Classifying business transactions based on institutional relationships:

External transactions
Internal transactions

Classifying business transactions based on the exchange of cash:

Cash transactions
Non-cash transactions
Credit transactions

Identifying the characteristics of non-monetary transactions and their impact on accounts
Practical exercises on classifying accounting transactions

Chart of Accounts and Journal Entries

Introduction to the chart of accounts and its purpose
Discovering the structure of the chat of accounts
Describing accounts types: Assets, liabilities, revenues and expenses
Techniques for organizing accounts for efficient transaction recording
Exploring the way of writing journal entries for different types of transactions
Distinguishing between debit and credit rules
Practical exercises on recording transactions in a double-entry format

Advanced Transaction Classification

Understanding the methodology of handling multi-purpose transactions
Exploring the way of recording and converting foreign currency transactions
Discussing how to use classified transactions in analyzing financial health
Analyzing common challenges in transactions and best practices to streamline business transactions
Overview of international accounting standards, e.g. IFRS and GAAP
Determining the role of technology in streamlining business transactions
Lesson learned and best practices

Accounting Structure, Nature and Classification of Transaction

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Course Outline

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