Accounting for Non-Accountants

Course details

Program Objectives:

By the end of the program, participants will be able to:

• Define accounting and the accounting cycle.
• Identify the major rules and principles of accounting under the International Financial Reporting Standards (IFRS).
• Demonstrate knowledge of the basic accounting equation and double-entry bookkeeping, and touch base with the new automated accounting systems. 
• List the key financial statements (balance sheet, income statement, changes in shareholders’ equity and cash flow statement) and their components.
• Account for financial statements’ adjustments at end of period.
• Define the audit function and determine the different audit opinions.

Who should attend:

• Managers, supervisors and staff from any function including the accounting department who need to improve understanding and application of accounting techniques

Course Outline: 

• Introducing Accounting and the Financial Statements 
• International Financial Reporting Standards (IFRS) 
• Double Entry Accounting 
• Net Equity 
• The Balance Sheet and its Components 
• Cash Flow Statement 
• Adjustements to Financial Statements