Accounting Structure, Nature and Classification of Transaction

Course Info

Date: Nov-03-2025

Length: 1 Week

City: Kuala Lumpur

Fees: 3,980

Type: In Classroom

Available Dates

  • Feb-03-2025

    Kuala Lumpur

  • May-05-2025

    Kuala Lumpur

  • Aug-04-2025

    Kuala Lumpur

  • Nov-03-2025

    Kuala Lumpur

Dates in Other Venues

  • Jan-06-2025

    Dubai

  • Feb-03-2025

    Barcelona

  • Feb-03-2025

    Amsterdam

  • Feb-03-2025

    Singapore

  • Feb-03-2025

    Paris

  • Feb-03-2025

    Istanbul

  • Feb-03-2025

    London

  • Mar-24-2025

    Dubai

  • Apr-07-2025

    London

  • May-05-2025

    Singapore

  • May-05-2025

    Paris

  • May-05-2025

    Barcelona

  • May-05-2025

    Amsterdam

  • May-05-2025

    Dubai

  • May-05-2025

    Istanbul

  • June-23-2025

    London

  • July-07-2025

    Dubai

  • Aug-04-2025

    Barcelona

  • Aug-04-2025

    Paris

  • Aug-04-2025

    Amsterdam

  • Aug-04-2025

    Istanbul

  • Aug-04-2025

    London

  • Aug-04-2025

    Singapore

  • Sep-22-2025

    Dubai

  • Oct-06-2025

    London

  • Nov-03-2025

    Istanbul

  • Nov-03-2025

    Barcelona

  • Nov-03-2025

    Dubai

  • Nov-03-2025

    Amsterdam

  • Nov-03-2025

    Paris

  • Nov-03-2025

    Singapore

  • Dec-22-2025

    London

Course Details

Course Outline

5 days course

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