This intensive 3-day course is designed to equip participants with foundational knowledge and practical skills in accounting and bookkeeping, tailored for non-accountants. Through a blend of lectures, hands-on exercises, and project work, learners will navigate the essentials of double-entry bookkeeping, financial documentation, transaction analysis, and financial statement preparation. The course emphasizes real-world application, from managing ledger accounts to applying financial analysis and cash flow management strategies. Aimed at enhancing decision-making abilities, this course prepares participants to effectively handle accounting tasks and understand financial reports within their professional roles.
Importance, differences, and how both fields complement each other.
Understanding the accounting equation, types of accounts, and the role of financial statements.
Concept, importance, and application in recording transactions.
Identifying different types of business transactions and their impact on financial statements.
Importance of documentation, how to document transactions, and organizational best practices.
Participants will engage in exercises to apply double-entry bookkeeping principles using sample transactions.
How to record various banking transactions in the books.
Key concepts in payroll accounting and recording payroll transactions.
Setting up, managing, and balancing ledger accounts with practical examples.
Recording and managing sales and purchase credit transactions, understanding the impact on cash flow and financial statements.
Purpose and types of reconciliations, with practical exercises on bank reconciliations and reconciling ledger accounts.
Group activity to apply learned concepts in a simulated business environment, focusing on transaction recording and ledger management.
Techniques for advanced bank and account reconciliations, including handling discrepancies and adjustment entries.
Detailed guide on preparing financial statements from the trial balance, including income statements and balance sheets.
Basics of financial statement analysis, ratio analysis, and their significance in decision-making.
Understanding cash flows, preparing cash flow statements, and strategies for effective cash flow management.
Participants work on their final projects, which involve comprehensive accounting scenarios, including transaction recording, reconciliations, financial statement preparation, and analysis.
A session for participants to present their projects, showcasing their application of the comprehensive accounting and bookkeeping skills learned throughout the course.
This includes managers, business owners, entrepreneurs, and anyone interested in gaining a comprehensive insight into financial reporting, bookkeeping, and financial decision-making to enhance their skills for professional or personal financial management.