Basic Accounting MMTI - Marvel Management Training Institute Bahrain

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Basic Accounting

Name: Basic Accounting
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MMTI - Marvel Management Training Institute Bahrain

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Instructor led live virtual classroom online. Classes may be individual or in group.

Duration / Course length: 6 Months
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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… + Read More

Course details

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

Content / Syllabus

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

Updated on 23 October, 2024 - Read Less

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 ClerkBookke...

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.

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Basic Accounting

MMTI - Marvel Management Training Institute Bahrain

Course details

Course details

Benefits of Attending:

Eligibility Criteria:

Course Syllabus

Module 1: Mastering the Principles of Accounting:

Module 2: Recording and Presenting Financial Data:

Module 3: Financial Tools for Effective Management:

Eligibility / Requirements

Job titles this course is suitable for

Job roles this course is suitable for:

About MMTI - Marvel Management Training Institute Bahrain

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