Course description
If there is a business, there is accounting regardless of the size of the company. Therefore, as a business owner, the last thing you want know is what is the income and how much does it cost to generate that income.
Accounting is simply the process of recording and analysing the financial transactions over a specific period of time. This financial information could be used by the management to make decisions and for interested parties to review the companies financial position.
If you need to prepare an accurate financial statement, business plan or cash flow forecasts, you need to have the relevant information available to complete them.
In this course, the basics of accounting are covered. It allows you to understand the fundamentals and basic accounting concepts.
Upcoming start dates
Upcoming start dates
Suitability - Who should attend?
This Accounting Basics TrainingCourse ideal for:
- Accounting Assistant Finance Assistant
- Secretaries Cashiers
- Admin Human Resource Professionals
- Sales Manager Information Technology Professionals
- Bankers Marketing and Advertising Professionals
- Small business owners New Entrepreneurs
Outcome / Qualification etc.
By the end of Accounting Basics TrainingCourse, you will:
- Gain basic accounting knowledge to understand business transactions better.
- Understanding the importance of accounting and its role in operating your business.
- Easily track the business expenses and identify the cost variables.
- Being able to understand the difference between the assets (what your business own) and liabilities (what your business owes).
- Keeping an accurate record for financial institutions and taxes.
- Conducting the account analysis, monitoring payables & receivables, processing the bank reconciliation and preparing the Financial Statements.
Training Course Content
Day 1
What is Accounting?
- History of Accounting
- Best use of Accounting in the modern business environment
- The importance of accounting in operating a successful business
- Types of Accounting- Financial Accounting – Managerial Accounting – Cost Accounting
Day 2
Recording Financial Transactions
- Types of business transactions and documentation
- Preparing the ledger accounts
- Sales and credit transactions
- Purchase and credit transactions
- Preparing the trial balance
- The duality of transactions and the double-entry system -Debit -Credit
Day 3
Accounting for Income Statement
- The importance of an Income Statement
- Preparation of Income Statement
- Revenue recognition
- Cost of sales valuation
- The adjustments for Accruals and Deferrals
- The cost of depreciation
Day 4
Accounting for Balance Sheet
- The importance of a Balance Sheet
- Preparation of a Balance Sheet
- Fixed Assets and Intangible Assets
- Account Receivables, Account Payables
- Inventory and Cash at bank
- Equity and long-term Liabilities
Day 5
Accounting Analysis and Performance Measurements
- The accounting equations
- Performing bank reconciliation
- Working capital cycle
- Performing account analysis
- Profitability Ratios
- Gearing Ratios
- Investment Ratios
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London Premier Centre
London Premier Centre is a UK leading training provider based in London and specialises in international short courses. Our inspiring, comprehensive portfolio of more than 400 professional development courses and seminars covers a wide range of professions from Administration, Leadership,...