- Location: Diplomatic Area - Manama
- Duration / Course length: 6 Months
- Timings: Enquire
Course details
The Basic Accounting Course is designed to provide a solid foundation in accounting principles and practices. It covers essential topics such as mastering accounting fundamentals, recording and presenting financial data, and utilizing financial tools for effective management. This course is perfect for individuals looking to improve their understanding of accounting processes, financial statements, and the decision-making impact on business performance. With a focus on real-world applications, the course ensures participants gain the practical skills needed to excel in accounting roles.
Benefits of Attending:
- Master Accounting Principles: Gain a deep understanding of accounting fundamentals, including the purpose of accounting, the accounting equation, and debits and credits.
- Practical Financial Skills: Learn to prepare key financial documents such as trial balances, balance sheets, income statements, and the general ledger.
- Financial Data Management: Develop skills in recording financial transactions, including bank reconciliations, sales and purchase journals, and managing year-end adjustments.
- Effective Financial Analysis: Utilize financial ratios, cash flow analysis, and budgeting to make informed management decisions.
- Decision-Making Tools: Understand cost behavior and how to evaluate the impact of various costs on business profitability.
- Real-World Applications: Apply the concepts learned to actual business scenarios, ensuring readiness to tackle accounting tasks efficiently.
Eligibility Criteria:
- Basic understanding of mathematics
- No prior accounting knowledge is required
- Suitable for anyone interested in gaining accounting skills for career advancement
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
Eligibility / Requirements
Basic understanding of mathematicsNo prior accounting knowledge is requiredSuitable for anyone interested in gaining accounting skills for career advancement
Job roles this course is suitable for:
Junior AccountantAccounts AssistantFinance ClerkBookkeeperFinancial AnalystAccounting ManagerBudget AnalystCost AccountantAuditorFinance ManagerCourse Location
About MMTI - Marvel Management Training Institute 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.
Benefits from MMTI:
- PMI authorized Premier Training Partner
- Pearson VUE select authorized testing center
- Make it easy Study Materials
- Module wise/Chapter wise tests
- Unlimited number of Full length/Module wise Mock up tests (PMP)
- Post training support on subject and exams
- Membership and Exam scheduling assistance
- Free Re-training for unsuccessful aspirants
- TAMKEEN/MOL support assistance
- Regular reminders for classes, exams
- Scheduling to attend the missed classes
Our Vision:
- To be pioneer institute and the training provider of choice by the industry.
- To train most number of professionals in the region we belong to through our easy and dedicated methodology
in training to lead the professionals toward success.
Our Mission:
- Inspire by Quality and Excellent training
- Lead by Example
- Guide towards goals
- Motivate towards success
- Make them feel easy to understand by using Teamwork
- Mentor them with great experience and knowledge.
Accounting, Finance and Banking Related Questions
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