COURSE COVERAGE

INTRODUCTION

Accounting is the language of business. By attending this course you will learn the fundamentals of accounting, reading and analyzing financial statements. You will also appreciate the relationship between accounting and finance and understand the use of debits and credits. Finally, this course will help you to record financial transactions accurately and summarize them in financial statements.

Course Objectives 

By the end of the course, participants will be able to:

• Define accounting and the accounting cycle

• Identify the major rules and principles of accounting under the International Financial Reporting Standards (IFRS)
• Demonstrate knowledge of the basic accounting equation, double-entry bookkeeping, and the new automated accounting systems
• List the key financial statements (balance sheet, income statement, changes in shareholders’ equity and cash flow statement) and their components
• Practice financial statements’ adjustments at month and year-end

Target Audience 

Managers, supervisors and staff from any function including the accounting department who need to improve understanding, application and techniques of the language of numbers.

Target Competencies 

• Accounting for business transactions
• Preparing income statements
• Interpreting balance sheets

• Analyzing cash flow statements
• Preparing adjustment entries
• Using debits and credits
• Applying international financial reporting standards

Duration: 5 Hours

Class Session : 10:00am – 3:00pm

Customize Your Training

This training solution and other training topics from McTimothyAssociates are currently available as residential/in-house option.

Please Note

McTimothy Associates Reserves the right to postpone or cancel a course due to unforeseen circumstances beyond our control. In such cases delegate(s) will be registered for the next run of the Course.