Professional Training

Accounting for Non-Accountants Training Course

Rcademy, Online (+10 locations)
Length
5 days
Price
1,875 - 7,775 GBP excl. VAT
Next course start
4 March, 2024 (+20 start dates)
Course delivery
Classroom, Virtual Classroom
Length
5 days
Price
1,875 - 7,775 GBP excl. VAT
Next course start
4 March, 2024 (+20 start dates)
Course delivery
Classroom, Virtual Classroom
Leave your details so the provider can get in touch

Course description

Accounting is critical to the success of any firm because it facilitates the gathering and analysis of quantitative financial data that investors and managers can utilize in making informed business choices. Accounting reveals precisely what your company has been up to in terms of money and helps you stay organized. Accounting for the Non-Accountants Training Course from Rcademy will ensure that professionals from a non-accounting background can successfully support their businesses and organization through advanced accounting knowledge. The course will offer practical guidelines for making informed decisions by understanding statements, budgets, and costs. It will provide the learners with up-to-date content that is relevant and can be used in the field, from the most basic principles to more advanced and technical knowledge.

What is accounting for non-accountants?

It is a practice that intends to give non-accountants technical knowledge and skills to perform accounting duties without fully being accountants. The training will focus on the main accounting concepts and establishing the correct accounting process in your organization and business. In addition, the training ensures that the participants can understand financial reports, accounting books, balance sheets, and other critical financial statements necessary for making informed decisions.

Upcoming start dates

Choose between 20 start dates

4 March, 2024

  • Classroom
  • New York

11 March, 2024

  • Virtual Classroom
  • Online

1 April, 2024

  • Classroom
  • Barcelona

1 April, 2024

  • Virtual Classroom
  • Online

22 April, 2024

  • Virtual Classroom
  • Online

6 May, 2024

  • Classroom
  • Amsterdam

3 June, 2024

  • Classroom
  • Barcelona

10 June, 2024

  • Virtual Classroom
  • Online

1 July, 2024

  • Classroom
  • Bangkok

5 August, 2024

  • Classroom
  • Toronto

12 August, 2024

  • Virtual Classroom
  • Online

19 August, 2024

  • Virtual Classroom
  • Online

2 September, 2024

  • Classroom
  • Kigali

16 September, 2024

  • Virtual Classroom
  • Online

7 October, 2024

  • Classroom
  • Brussels

21 October, 2024

  • Virtual Classroom
  • Online

4 November, 2024

  • Classroom
  • Dubai

18 November, 2024

  • Virtual Classroom
  • Online

2 December, 2024

  • Classroom
  • Barcelona

9 December, 2024

  • Virtual Classroom
  • Online

Suitability - Who should attend?

Who should attend?

Rcademy’s Accounting for Non-Accountants Training Course is ideal for professionals from various backgrounds:

  • Departmental heads, Managers, and Team Leaders
  • Financial officers and Accountants
  • Procurement and logistics staff
  • Administrators
  • Divisional controllers
  • Production and production control staff
  • Emerging Entrepreneurs
  • Project and Product Managers
  • Professional from a non-financial background

Outcome / Qualification etc.

The main objectives of this Training Course from Rcademy are to enable participants to:

  • Develop an understanding of the main ideas and principles of accounting
  • Identify the significant rules of accounting under international standards
  • Use financial information to make improved and better decisions
  • Practice financial statements adjustments at the end of the year
  • Gain a deep understanding of the income statement and how to analyze them correctly
  • Demonstrate knowledge of the basic accounting equations and systems
  • Interpret financial statements, including the importance of reporting cash flows
  • Collect and analyze data to make strategic decisions
  • Understand and differentiate prepayments, accruals, liabilities, intangible and tangible assets, and equity
  • Understand accounting cycle

Training Course Content

Module 1: Double-entry Accounting

  • The chart of accounts
  • The accounting equation
  • The trial balance
  • Assets as a liability
  • The general ledger
  • Traditional double-entry bookkeeping
  • Modern bookkeeping with automation

Module 2: Preparing Accounting Statements

  • Accounting for understanding sales
  • The importance of understanding ratio analysis in accounting
  • Adjusting for amortization and impairment
  • Recognizing revenue
  • Understanding depreciation and how to calculate it
  • Identifying and valuing inventory
  • Preparing the cash flow statement

Module 3: Introduction to Financial Statements and Accounting

  • Unique methods of collecting, presenting, and analyzing financial data
  • Users of accounting information
  • Defining Accounting and what it entails
  • The Corporation and what it means

Module 4: Applying International Standards in Financial Reporting

  • Where to find the published analysis of companies
  • What are group financial reports
  • Reading Annual reports
  • Preparing a simple group balance sheet
  • The importance of financial reporting standards
  • Tracing and finding helpful information in the annual financial report

Module 5: Understanding the Income Statement

  • Gross profit and its meaning
  • Defining expenditure and its recognition
  • What is operating profit?
  • Defining the income statement and what information is contained in it
  • Net profit
  • Revenue and its sources
  • The income statement illustrations

Module 6: Data Analysis for Decision-Making in Management Accounting

  • Collecting and classifying different costs
  • Separating fixed and variable costs
  • The purpose of management accounting
  • Break-even analysis and applications
  • Preparing product and service cost summaries
  • Responsibilities of accounting
  • Absorption costing vs activity-based costing

Module 7: What Accounting Entails?

  • Adjusting for depreciation and inventory
  • Developing an efficient accounting process
  • The basics of financial accounting
  • Preparing and understanding balance statements
  • Recording entries in the accounting system
  • What is the importance of accounting?
  • The double-entry accounting method
  • Control systems and reconciliations

Module 8: Accounting Statements

  • Cash flow statement – Investing activities – Classification of cash flow – Defining the statement of cash flows
  • Adjusting financial statements – Bad debts and accounting for it – The accruals concepts – Depreciation Provisions for contingencies
  • Accruals and prepayments – Balance sheets – Equity – Assets and their components – The current vs non-current liabilities and assets – Defining the balance sheets – illustration of the balance sheet – Liabilities
  • Net equity – Definition of treasury stock – Dividends differentiation from expenses – Retaining earnings as cash – Defining capital stock – Cash dividends, stock split, and stock dividends

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Rcademy
Floor 9, Zoom Building, Marassi Drive, Business Bay, Dubai, UAE
128 City Road, London, United Kingodom
EC1V 2NX

Rcademy

Rcademy is a global training and consultation organisation set out to bridge the gap between you now and what you can be in the near future. We are facilitators of knowledge impartation. Our team of established and experienced training enthusiasts...

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