Sharpening Your Accounting Skills

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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

2400/day

(2 Days)

BENEFITS

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

  • Understand the accounting concept and uses of accounting data
  • Learn the elements in accounting equation
  • Learn the systematic steps in accounting recording process
  • Preparing the financial statement accurately
  • Learn different types of errors in accounting process and know how to correct it
  • Perform the bank statement reconciliation accurately
  • Learn how to compute stock valuation and impact on Income statement

AUDIENCE

This program is suitable for Accounts Clerks, Accounts Assistants, Accounts Supervisors, Office Administrators, Non-financial Executives and Secretaries.

Level for Executives and above

METHODOLOGY

This workshop will be conducted through interactive activities, group and individual exercises, case studies and discussions.

UNDERSTANDING OF ACCOUNTS
  • Importance Of Accounting To Business
  • Users And Uses Of Accounting Data
  • Principles, Assumptions And Convention
  • Accounting Equation
GENERAL RULES OF ACCOUNTING
  • Receipt And Payment
  • Revenue And Expenses
  • Rules Of Double Entry
  • Fixed Assets And Current Assets
  • Work In Progress
  • Current Liabilities
RECORDING PROCESS
  • Steps In Recording
  • Chart Of Journal
  • Ledger
  • Posting
  • How To Extract A Trial Balance
ADJUSTING THE ACCOUNT
  • Adjusting For Prepayment And Accrual
  • Provision Of Bad Debt And Bad Debt
  • Journalizing And Posting The Adjustment
COMPLETE THE ACCOUNTING CYCLE
  • Closing The Book
  • Presentation Of Data
  • Prepare Income Statement
  • Balance Sheet
  • Manufacturing Account
ACCOUNTING FOR FIXED ASSETS
  • Method Of Depreciation
  • Depreciation Computation
  • Accounting Entries For Depreciation Charges
  • Revaluation Of Assets
  • Disposal Of Assets
BANK ACCOUNT RECONCILIATION
  • Steps In Reconciliation
  • Update The Cash Book
  • Identified Unpresented Cheques And Late Lodgement
CORRECTION OF ERRORS
  • Types Of Common Errors
  • Creation Of Suspense Account
  • Prepare Journal Entries To Correct Errors
  • Errors Affecting Gross Profit, Net Profit And Balance Sheet
ACCOUNTING INVENTORY
  • First In First Out
  • Last In First Out
  • Weighted Average Method
  • Effect On Gross Profit And Net Profit
PREPARATION OF CASH FLOW STATEMENT
  • Advantages Of Cash Flow Statement
  • Definition Of Term
  • Direct Methods Vs. Indirect Methods

Trainers