Basic Modern Accounting

Course details

Modern Accounting" program covers a series of 6 training courses. Each of them is a pre-requisite of the next one. It is taken for granted that this program paves the way to a better job performance and job opportunities in every:
Program Outline: 
1. Essentials Of Accounting (Level 1) 
• Introduction to types and normal of accounts (Debit & Credit) 
• Assets, liabilities, and capital 
• Journalizing and posting transactions 
• The double entry bookkeeping system
• Adjusting procedures 
• Closing procedures 
• Preparation of Trial Balance 
• Preparation of Financial statements
2. Accounting - Intermediate Level (Level 2) 
• Plant and equipment depreciation 
• Bank reconciliation
• Petty cash fund 
• Cash Management
• Accounts Receivable :Doubtful Debts Recording Methods 
• Assets transactional recording (Disposal, Exchange, Sales) & Market Value
3. Financial Statements Analysis & Interpretation
• Balance sheet
• Income Statement
• Statement of Cash Flows
• Statement of Retained Earnings
• Managerial view of the Financial Statement
• Liquidity ratios
• Activity, or utilization, ratios
• Financial, or leverage
• Profitability ratio
• Market-value ratios
• Analyzing Results
• Time Series Comparisons
• Management Targets
4. Budgeting & Cost Control
• The Role of Budgets
• Working Capital Management
• Preparation of Budget
• The Production Budget
• Cash Flow Management
• The Evaluation and Co-ordination of a Budget
• Measuring Costs and Benefits for Decision-making
• Keeping Costs Down Updated on 15 December, 2023