Bookkeeping and Financial Accounting
This course is designed to provide an understanding of the basic principles and concepts of accounting and bookkeeping for both accountant and non- accountant users. It also covers the accounting cycle in an organization such as the use of journals, posting, preparation of trial balance, preparation of financial statements and adjustments for final accounts. In addition, the course also covers manufacturing accounting and the financial ratio analysis to evaluate the performance of a business. Finally, management and cost accounting are also introduced.
Course Learning Outcomes
1. Explain the knowledge on concepts and principles of financial accounting, financial analysis and management accounting.
2. Produce accounting records and basic financial statements for business organizations.
3. Communicate effectively project findings through a written report and oral presentation.
The course will include a series of presentations, as well as a variety of group work activities, discussions, various assignments and tasks facilitated by the trainer. This will ensure full engagement with the topics. Participants will be provided with all materials and further reading to take home as well as a list of useful resources to explore in their own time.
Accounting Equation and Statement of Financial Position (Balance Sheet)
The Accounting Equation
Effects of Business Transactions on Accounting Equation
Effects of Revenues and Expenses on Accounting Equation
Items and Format of Statement of Financial Position (Balance Sheet)
Ledger and Account
Types and Uses of Ledgers and Accounts
Double Entry System and the Rules
Closing and Balancing of Accounts
Trial Balance and Its Uses
Adjustments for Final Accounts
Adjustment for Bad Debts
Provision for doubtful Debts and Provision for Discount
Adjustment for Accruals and Prepayments
Provision for Depreciation
Cash Book and Bank Reconciliation
Cash Book Columns
Posting and Balancing of Cash Book
Bank Reconciliation Statement Assignment
Final Accounts for Sole Proprietorship
Preparation of Statement of Comprehensive Income (Trading, Profit and Loss Account)
Preparation of Statement of Financial Position (Balance Sheet)
Preparation of Final Accounts after Adjustments
Company Financial Reports
Company Share capital
Company Financial Statement
Analysis of Financial Statements and Cash Flow Statements
Users of Financial Statements
Importance of Financial Statements
Financial Analysis (Percentage and Ratio)
Cash flow analysis
Interpretation of analysis
Manufacturing Cost (Direct and Indirect Costs)
Preparation of Manufacturing Account
Preparation of Full Financial Statements
Introduction to Cost and Management Accounting
Functions of Management Accounting
Cost Terminology and Cost Classification
Cost for Planning, Controlling and Decision-making
Who should attend:
1. Accountants who want to develop their skills.
2. Non-Accountant who want to work or understand the accounting procedures.
3. Directors, Managers or any employees working in the business area or deal with the finance or accounting matters in the company.
Time and Duration:
1. Date: 20 – 24 December 2020
2. Time: 09:00 – 16:00 pm
3. Certification Body: MSELECT
The trainer is a financial analyst, holding a master’s degree in Banking and Finance with a background in Accounting. He has been dealing with the financial market since 2009. Extensive knowledge in technical analysis and fundamental analysis of the stock market and foreign exchange market (Forex) in the usage of meta-trader platforms. Has refined skills in the areas of Accounting, Financial Accounting, Investment Appraisal, Financial Modelling, Risk Analysis, Project Finance, Risk Management, Project Economic and Stakeholder Analysis, Investments and Public-Private Partnership.
Must be made 7 working days before the start of the course. Payment can be made in cash, by bank transfer or through exchange offices.
How do I register?
You can register by emailing firstname.lastname@example.org with the following details:
Name of course:
For more information, please call 066 261 4455 or 0772 617 5794.