Marvel Management Training Institute Basic Accounting Marvel Management Training Institute
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  • مدة الدورة التدريبية: 6 شهور
  • مواعيد الدورة: استفسار

    تفاصيل الدورة

    Mastering the principles

    • Understand the purpose of accounting (communicate not confuse)
    • Understand the accounting process and the accounting equation
    • Understand debits and credits
    • Prepare the trial balance
    • Understand the balance sheet and income statement
    • Prepare the general ledger and general journal

    Recording and presenting financial data

    • Prepare the cashbook, bank reconciliation, and petty cash journals
    • Prepare sales and purchases journals and reconciliations of debtors and creditors
    • Perform daily and monthly routines
    • Account for year-end adjustments
    • Extract a trial balance and draft a balance sheet and income statement

    Financial tools for effective management

    • Understand financial terminology and concepts
    • Understand cash flow and working capital management
    • Learn how to calculate and use financial ratios for management decisions
    • Prepare budgets and cash flow forecasts
    • Understand the nature of costs and decision making using the behavior of cost
    • Evaluate the impact of costs on the bottom line
    • Gain an understanding of some of the more difficult financial decisions facing managers
    Content / Syllabus

    Course Syllabus

    Module 1: Mastering the Principles of Accounting:

    • Introduction to Accounting
      • Purpose and objectives of accounting: effective communication, not confusion
      • Key accounting principles and the accounting equation
    • Understanding Debits and Credits
      • Basic concepts of debits and credits in the accounting process
      • Practical examples and exercises to reinforce learning
    • Trial Balance Preparation
      • Steps to prepare and analyze a trial balance
    • Financial Statements Overview
      • Understanding the balance sheet: assets, liabilities, and equity
      • Income statement fundamentals: revenues, expenses, and net profit
    • Recording in Journals and Ledgers
      • Preparing and maintaining the general journal and general ledger

    Module 2: Recording and Presenting Financial Data:

    • Financial Records Management
      • Preparing the cashbook for cash transactions
      • Performing bank reconciliation and maintaining petty cash journals
    • Sales and Purchases Journals
      • Recording sales and purchases
      • Reconciliation of debtors and creditors
    • Routine Accounting Practices
      • Daily and monthly accounting routines
      • Year-end adjustments for accurate financial reporting
    • Financial Statement Preparation
      • Extracting a trial balance
      • Drafting a balance sheet and income statement

    Module 3: Financial Tools for Effective Management:

    • Financial Terminology and Concepts
      • Key financial terms and their meanings
      • Importance of financial concepts in business decisions
    • Cash Flow and Working Capital Management
      • Managing cash flow for business operations
      • Techniques for effective working capital management
    • Financial Ratios and Decision-Making
      • Calculating and interpreting financial ratios for management decisions
    • Budgeting and Forecasting
      • Preparing budgets for financial planning
      • Creating cash flow forecasts to anticipate future cash needs
    • Cost Analysis and Decision Making
      • Understanding different types of costs and their behaviors
      • Evaluating the impact of costs on business profitability
      • Handling complex financial decisions that impact the bottom line

    تحديث بتاريخ 23 October, 2024

    المتطلبات

    Basic understanding of mathematicsNo prior accounting knowledge is requiredSuitable for anyone interested in gaining accounting skills for career advancement

    نبذة عن معهد Marvel Management Training Institute

    MADRAS MANAGEMENT TRAINING INSTITUTE IN QATAR & MARVEL MANAGEMENT TRAINING INSTITUTE IN BAHRAIN
    Let us introduce ourselves as an Executive Education and Continuing Professional Development center specialized in preparing management professionals to achieve their career high through certification in their respective field.MMTI has specialized in providing professionals the knowledge & tools to drive their business. MMTI is a leader in developing and delivering corporate and professional educational solutions.Our approach focuses on learning that empowers you to acquire knowledge, apply it, achieve results, and then interpret those results to identify new opportunities- again and again.
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