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EncartaLabs

Accounting

( Duration: 2 Days )

This Accounting training course provides knowledge on the fundamentals of Accounting in Finance and Budgeting.

By attending Accounting workshop, delegates will learn to:

  • Identify the importance of accounting in running the business
  • Acquire basic accounting knowledge and skills needed to better support management
  • Properly distinguish and classify account categories within the accounting system in the company
  • Accurately account for transactions affecting assets, liabilities and equities
  • Correctly account for transactions affecting revenues and expenses
  • Effectively prepare statements of income and balance sheets
  • Perform hands-on bank reconciliation, account analysis, and General Ledger (GL) to sub-ledger reconciliation

COURSE AGENDA

1

Importance of Accounting in Business

  • The Role and Purpose of Accounting
  • The Accounting System
  • The Fundamental Accounting Equation
2

The Accounting Principles

  • Accrual versus Cash Basis Accounting
  • Matching Principle and Revenue Recognition
3

Accounting Cycle

  • Steps of the Accounting Cycle
  • Analyzing Transactions
  • Recording Transactions
  • Preparing Trial Balance
  • Recording Adjusting Entries
  • Recording Closing Entries
  • Preparing Financial Statements
  • Preparing Post-Closing Trial Balance
4

Analyzing and Recording Transactions

  • Using Accounts to Summarize Transactions
  • The Rules of Debits and Credits
  • Preparing Trial Balance (TB)
5

Accounting for Assets

  • Cash and Bank Accounts
  • Accounts and Notes Receivable and Allowance for Doubtful Debts
  • Inventory and Cost of Sale
  • Fixed Assets and Intangible Assets
6

Accounting for Liabilities and Equity

  • Current Liabilities and Long-Term Liabilities
  • Contributed Capital and Retained Earnings
7

Adjusting Entries

  • Adjusting for Accruals
  • Adjusting for Deferrals
8

Preparing Financial Statements

  • The Income Statement
  • Statement of Owners’ Equity
  • The Balance Sheet

Encarta Labs Advantage

  • One Stop Corporate Training Solution Providers for over 6,000 various courses on a variety of subjects
  • All courses are delivered by Industry Veterans
  • Get jumpstarted from newbie to production ready in a matter of few days
  • Trained more than 50,000 Corporate executives across the Globe
  • All our trainings are conducted in workshop mode with more focus on hands-on sessions

View our other course offerings by visiting https://www.encartalabs.com/course-catalogue-all.php

Contact us for delivering this course as a public/open-house workshop/online training for a group of 10+ candidates.

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