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Chapter 1: Balance Sheet equilibrium & the modifications of assets & liabilities

  • Economical activity of the company
  • The balance sheet equilibrium
  • Elements of balance sheet
  • Balance sheet equilibrium
  • Modifications of the balance sheet
  • Tracing the modifications on the elements of the balance sheet
  • Concluding one of the balance sheet elements from the information
  • of other elements
  • Exercises

Chapter 2: Expenses & revenues of the company

  • Definition of expenses & revenues
  • Concept of the result
  • The result in a service company
  • The result in a trading company (Goods exchanged)
  • Classification of expenses & revenues
  • Current and commercial activity
  • Financing activity
  • Exceptional activity
  • Exercises

Chapter 3: The double entry system

  • Two sided accounts
  • Double entry
  • Exercises

Chapter 4: The daily journal and the ledger

  • The form of the daily journal
  • Simple and compounded entry
  • Posting to the ledger
  • Definition of the ledger
  • How to post to the ledger
  • Balancing off accounts
  • Exercises

Chapter 5: Trial balance by totals and balances

  • Trial balance by totals
  • Trial balance by balances
  • Example
  • Exercises

Chapter 6: The accounting cycle in the company

  • General view
  • The flow of information in the accounting system
  • Practical example
  • Exercises 

Chapter 7: Purchases and sales of goods

  • Operating cycle
  • Purchases of goods
  • Purchases of goods and returns
  • Purchases of raw materials and returns
  • Purchases of consumable materials and returns
  • Purchases of packing materials and returns
  • Sales of goods
  • Sales of goods and returns
  • Sales of finished products and returns
  • Purchases of fixed assets
  • Fixed assets
  • Elements of cost of tangible fixed assets
  • Other cases
  • Pre purchase orders
  • Sale of raw and consumable materials
  • Exercises

Chapter 8: Preparing final accounts

  • Preparing the result account
  • Result
  • The detailed managerial results
  • Preparing balance sheet
  • Definition of the balance sheet
  • Groups of the balance sheet and its elements
  • Exercises 

About International House Beirut

Founded in the early 1980's, the American Lebanese Language Center (ALLC) has played a prominent role in adult education in Lebanon. Their centers throughout Lebanon offer students the opportunity to benefit from a wide range of computer and language cTheirses. ALLC offers students the opportunity to learn practical and comprehensive skills, and to enrich and expand their existing knowledge. Students acquire the skills necessary for their personal and professional development.

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