Simplified Financial & Accounting Systems

Course details

The course is based on an Action-oriented Approach, also known as ‘learning by doing’ through exercises. In this training course participants engage in real life business simulations and learn to identify financial and accounting systems in their simplified forms.

The main objective of the course is for the participants to achieve a sufficient understanding of financial and accounting systems at work at a level which enables them to achieve measurement and control methods necessary for the success of their businesses.

Training Course Outcome

The entrepreneur will understand the need for internal documentation to safeguard the project records. That helps with measurement and control of business activities; as well as ensures competent financial and accounting management, enabling the entrepreneur to make rational and sound business decisions.

Participants will learn about

• Bookkeeping & recording, Classification and reporting.
• Monitoring.
• Maintaining and reporting all accounting and financial transactions of the project.
• Cashbook and noncash-book.
• Maintenance of cheque details.
• Maintenance of the revenue details.
• Details of the deposits.
• Voucher numbers of the expenses incurred.
• Inventory management.
• Delegation of authorities and definition of responsibilities.
• Allocation of financial and accounting responsibilities to avoid fraud.

Who Can Attend the Course ?

• Start-up entrepreneurs.
• Existing business.
• Project officers.