Course Details
Course Outline
5 days course
What is Accounting?
- History of Accounting
- Best use of Accounting in the modern business environment
- The importance of accounting in operating a successful business
- Types of Accounting- Financial Accounting – Managerial Accounting – Cost Accounting
Recording Financial Transactions
- Types of business transactions and documentation
- Preparing the ledger accounts
- Sales and credit transactions
- Purchase and credit transactions
- Preparing the trial balance
- The duality of transactions and the double-entry system -Debit -Credit
Accounting for Income Statement
- The importance of an Income Statement
- Preparation of Income Statement
- Revenue recognition
- Cost of sales valuation
- The adjustments for Accruals and Deferrals
- The cost of depreciation
Accounting for Balance Sheet
- The importance of a Balance Sheet
- Preparation of a Balance Sheet
- Fixed Assets and Intangible Assets
- Account Receivables, Account Payables
- Inventory and Cash at bank
- Equity and long-term Liabilities
Accounting Analysis and Performance Measurements
- The accounting equations
- Performing bank reconciliation
- Working capital cycle
- Performing account analysis
- Profitability Ratios
- Gearing Ratios
- Investment Ratios
