Accounting for Non-Accountants

Course details

Objectives :

• Introduce participants to the concept of accounting, principles, objectives and types.
• Familiarize participants with the basic elements of accounting. 
• Enable participants to understand the technical interpretation of the accounting and the accounting entries and records.

Contents :

• The concept of accounting and objectives.
• Branches of accounting.
• Assumptions and basic accounting principles.
• Financial reporting and its importance to users of financial statements.
• Review of double-entry accounting system and the preparation of session until inventory adjustments and trial balance.
• Accounting information and its role in the management process.
• The concept and importance of financial statements.
• How to prepare the financial statements (balance sheet / income statement cash flow statement).
• The use of the financial statements in the planning and control and decision-making.
• Financial analysis of the financial statements.
• The purpose and importance of financial analysis.
• Analysis of vertical and horizontal.
• The use of the global financial ratios and indicators.
• Analysis of the financial position and strength of the facility or resource.
• The financial imbalance indicators.
• Funding structure analysis and measurement of financial risk.
• Financial analysis for administrative purposes.
• The difference between profit and loss statement and trading account.
• Integrated models for the analysis of profitability.
• The concept of cost and tabulation.
• Analysis of the behavior of cost elements.
• Draw analysis.
• Analysis of the cost structure and operational risk measurement.
• Sources of financing and working capital.