How To Prepare And Maintain Full Set Of Accounts

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  • Private Class Price is Per Day not Per Pax
  • Send 1 or 20 pax for the same price
  • HDRF Claimable(SBL)

Private Class from

2000/day

(2 Days)

BENEFITS

Upon completion of this program, participants will be able to:

  • Understanding the basics and necessity of Accounting
  • Understanding the glossary of accounting terms
  • To explain and understand the concept of double-entry (debits and credits)
  • To fully understand what is meant by ‘books must be balanced”
  • Know how to provide for depreciation, bad debts, and other entries
  • Understanding accruals, prudence and matching concepts, as well other accounting principles
  • Learn what are financial statements (Balance sheet, income statement, cash flow statement)

AUDIENCE

This program is suitable for Accountants, Accounts and Finance Executives, Accounts Clerks, Book-keepers and Accountancy students.

METHODOLOGY

This program will be conducted through interactive lectures, practical exercises, and discussion on all relevant aspects to ensure participants grasp aspects presented

HISTORY AND THE NECESSITY OF BOOKKEEPING
  • Origin and Brief Background of Bookkeeping
  • Difference between Financial Accounting & Management Accounting
  • Why and Necessity of Bookkeeping
  • Different Styles of Bookkeeping
GLOSSARY & UNDERSTANDING OF TERMS (DEPRECIATION, FINANCIAL STATEMENTS, ASSET, LIABILITY, CAPITAL, EQUITY, PREFERENCE SHARES, DEBITS & CREDITS, AMORTIZATION, ETC)
  • Understanding Financial Statements, Assets, Liability and Capital
  • Explanation of Depreciation, Amortization
  • Understanding Share Capital, Debentures and different Structures of Capital
CONCEPT OF “DOUBLE-ENTRY” IN ACCOUNTS
  • What is “Double-Entry?”
  • The Meaning of Balancing the Accounts and General Ledger
  • Concept of Trial Balance and Financial Statements
ACCRUALS, PRUDENCE AND MATCHING CONCEPTS
  • Understanding Accounting Principles and Standards
  • Understanding Accrual Concepts
  • Understanding Prudence Concept
  • Knowing Matching Concept
JOURNAL ENTRIES AND POSTING INTO ACCOUNTS; FIXED ASSETS ACCOUNTING
  • The Concept of Journal Entries
  • Concept of ‘Double-Entry’ and Journal Postings
  • Accounting for Fixed Assets
  • Making Entries for Depreciation, Amortizations, Bank Charges, Interest, etc
ACCOUNTS RECEIVABLE & ACCOUNTS PAYABLE; BANK RECONCILIATION
  • Understanding how Accounts Receivable work and Relates to General Ledger
  • Understanding how Accounts Payable work and Relates to General Ledger
  • Performing Bank Reconciliation and AR, AP Reconciliation
INVENTORY ACCOUNTING AND METHODS OF VALUATION
  • How Inventory Works and Interaction with General Ledger
  • Different Valuation Methods of Inventory : FIFO, LIFO & Weighted average
  • Treatment of Raw Materials, WIP and Finished Goods
  • Advantages & Disadvantages of each Method of Valuation
HIRE PURCHASE AND LOAN ACCOUNTING
  • Understanding Hire Purchase and Loan
  • Accounting Entries Relating to Hire Purchase and Loan
SHARE CAPITAL, SHARE PREMIUM AND OTHER SOURCES OF FUNDING AND REFLECTION IN BOOKS
  • Understanding Share Capitals and Accounting Entries on Floating
  • Share Premium Accounting
  • Redemption of Shares and Debentures; Buy Back
COMPUTERIZED / AUTOMATED ACCOUNTING
  • Working in a Computerized Accounting Environment
  • Real Time vs. Batch Processing
INTERPRETATION OF FINANCIAL STATEMENTS (QUICK LOOK AT RATIO ANALYSIS)
  • Computation and Interpretation of Liquidity, Profitability and Investors’ Ratios
  • Ratio Analysis and Financial Statement Reading

Trainers