Accounting for Non-Accountants

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Course Overview

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.

Key Takeaways

Participants will analyze and record business transactions using double-entry bookkeeping, understanding their financial impact.
Learners will reconcile financial documents, correcting discrepancies to ensure record accuracy.
Participants will prepare financial statements from trial balances, demonstrating their ability to synthesize financial data.
Applying analysis techniques, learners will interpret financial statements to make informed decisions.
Learners will strategize cash flow management, using forecasts to improve financial health.

Association of Chartered Certified Accountants
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ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants. We aim to offer business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance, and management. Founded in 1904, ACCA's core values are: inclusion, integrity, and innovation. We believe that accountants bring value to economies in all stages of development. Our values are aligned to the needs of employers and we work to open up the profession to people of all backgrounds. Our qualifications are the gold standard in accountancy, opening doors to highly respected, interesting work in any sector. In 1974, we received our UK Royal Charter, recognising the excellent quality of our core qualification. We're a thriving global community of 233,000 members and 536,000 future members based in 178 countries that upholds the highest professional and ethical values. Through our public interest remit, we promote appropriate regulation of accounting and conduct relevant research to ensure accountancy continues to grow in reputation and influence.

Course Outline

Day 1: Introduction to Accounting and Bookkeeping Essentials
Overview of Accounting and Bookkeeping:

 Importance, differences, and how both fields complement each other.

Basic Accounting Concepts and Principles

Understanding the accounting equation, types of accounts, and the role of financial statements.

Introduction to Double Entry Bookkeeping

Concept, importance, and application in recording transactions.

Business Transactions

Identifying different types of business transactions and their impact on financial statements.

Documentation and Record Keeping

Importance of documentation, how to document transactions, and organizational best practices.

Practical Exercise on Recording Transactions

Participants will engage in exercises to apply double-entry bookkeeping principles using sample transactions.

Day 2: Deep Dive into Transactions, Ledger Management, and Reconciliations
Detailed Study of Banking Transactions

How to record various banking transactions in the books.

Understanding and Managing Payroll Transactions

Key concepts in payroll accounting and recording payroll transactions.

Ledger Accounts Management

Setting up, managing, and balancing ledger accounts with practical examples.

Credit Transactions

Recording and managing sales and purchase credit transactions, understanding the impact on cash flow and financial statements.

Introduction to Reconciliations

Purpose and types of reconciliations, with practical exercises on bank reconciliations and reconciling ledger accounts.

Comprehensive Case Study

Group activity to apply learned concepts in a simulated business environment, focusing on transaction recording and ledger management.

Day 3: Comprehensive Accounting Practices and Advanced Application
Advanced Reconciliations and Adjustments

Techniques for advanced bank and account reconciliations, including handling discrepancies and adjustment entries.

Final Project Briefing and Implementation

Detailed guide on preparing financial statements from the trial balance, including income statements and balance sheets.

Introduction to Financial Analysis

Basics of financial statement analysis, ratio analysis, and their significance in decision-making.

Cash Flow Management

Understanding cash flows, preparing cash flow statements, and strategies for effective cash flow management.

Final Project Work

Participants work on their final projects, which involve comprehensive accounting scenarios, including transaction recording, reconciliations, financial statement preparation, and analysis.

Project Presentation

A session for participants to present their projects, showcasing their application of the comprehensive accounting and bookkeeping skills learned throughout the course.

Who Should Attend?

This course is ideal for professionals and individuals who are not formally trained in accounting and finance but require a solid understanding of accounting principles and practices for their role.

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.

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What language will the course be taught in and what level of English do I need to take part in an LEORON training program?
Most of our public courses are delivered in English language. You need to be proficient in English to be able to fully participate in the workshop and network with other delegates. For in-house courses we have the capability to train in Arabic, Dutch, German and Portuguese.
Are LEORON Public courses certified by an official body/organization?
LEORON Institute partners with 20+ international bodies and associations.We also award continuing professional development credits (CPE/PDUs) for:1. NASBA (National Association of State Boards of Accountancy) 2. Project Management Institute PDUs 3. CISI credits 4. GARP credits 5. HRCI recertification credits 6. SHRM recertification credits
What is the deadline for registering to a public course?
The deadline to register for a public course is 14 days before the course starts. Kindly note that occasionally we do accept late registrations as well, but this needs to be confirmed with the project manager of the training program or with our registration desk that can be reached at +1071 4 1075 5711 or [email protected].
What does the course fee cover?
The course fee covers a premium training experience in a 5-star hotel, learning materials, lunches & refreshments, and for some courses, the certification fee and membership with the accrediting bodies.
Does LEORON give discounts?
Yes, we can provide discounts for group bookings. If you would like to discuss a discount on a corporate level, we will be happy to talk to you.