Accounting for Non Accountant

Course details

The “Accounting for Non-Accountants” course has been designed for supervisors and managers in the business but do not have accounting background.The workshop will enable delegates to explain and apply general principles of accounting, use basic tools, and techniques of the accounting process. By the end of the workshop, participants will be able to understand:

• Concept of profit
• Principles of budget preparation and control
• Balance sheet
• Core concepts of management accounts
• Ratios and their implications
• Costing process
• Break even analysis

Course Objective:

• To give basic knowledge Accounting knowledge to non-Accountants
• To understand terminology, definitions and benefits of management accounting
• To enable delegates to conduct a simple cost volume profit analysis, incremental analysis and cost allocation
• To be able to communicate budgetary information more effectively
• To understand the role of the bank reconciliation
• To be able to work with core ratios related to simple scenarios
• To understand management information and identify key performance indicators of an effective system

Course Outline:

The components of management accounting:

• Terms and definitions
• Benefits
• Practical application
• Cost volume profit analysis
• Relevant costing and special decisions
• Incremental analysis
• Cost allocation
• Understanding the balance sheet

Understanding profit & profitability

• Understanding Profits and Profit margins
• The making of a profit and loss statement

Ratio analysis

• Liquidity and efficiency ratios
• Profitability ratios
• Market ratios

Essentials of costing and breakeven analysis

• Types of costs
• Cost units examples
• Understanding breakeven point