- Duration / Course length: Upto 20 Hours
- Timings: Enquire
Course details
Financial Accounting Diploma:
This course is designed to provide a thorough understanding of fundamental accounting principles, financial statement preparation, and essential financial management techniques. It’s suitable for individuals from any academic background with basic computer and mathematical knowledge.
Learning Outcomes:
- Gain a solid foundation in accounting principles.
- Develop the ability to prepare and analyze financial statements.
- Build skills to manage budgets and control costs effectively.
- Learn to use Excel for financial reporting and analysis.
- Apply concepts to real-world scenarios through case studies
Course Outline:
1. Accounting Foundations:
- Debit & Credit Rules: Master the double-entry system.
- Accounting Concepts: Understand key principles and assumptions.
- Bases of Accounting: Learn the differences between Cash and Accrual Accounting.
2. Financial Statement Components:
- Key Items: Assets, liabilities, equity, income, expenses, losses, and gains.
- Measurement & Presentation: Understand receivables, payables, inventories, fixed assets, and depreciation.
3. Accounting Process:
- Transaction classification and event recognition.
- Types of entries, vouchers, and ledgers.
- Preparing:
- Trial Balance
- Profit & Loss Account
- Balance Sheet
- Cash Flow Statement
- Linking Financial Statements: Use Excel formulas for efficient integration and analysis.
4. Budgeting & Costing:
- Sales, production, materials, and expense budgets.
- Profit and Loss, Balance Sheet, and Cash Flow analysis.
- Introduction to:
- Manufacturing & Contracting
- Product Costing
5. Inventory Management:
- Valuing inventories/stocks and calculating the Cost of Goods Sold (COGS).
- Profit and markup percentage calculations.
6. Banking & Revenue Recognition:
- Bank reconciliation and understanding various banking facilities.
- Revenue recognition policies across industries.
7. Financial Analysis Tools:
- Break-Even Analysis: Calculate fixed, variable, direct, and indirect expenses.
- Payback Period: Estimate investment recovery time.
8. Practical Applications:
- Case studies: Prepare full financial statements from scratch.
- Introduction to financial ratios for performance analysis.
Eligibility / Requirements
Educational Background: Graduate in any discipline.Skills Required:Basic computer skillsMathematical proficiencyAnalytical mindset
Course Location
About Elegant Training Center
Elegant Professional and Management Development Training stands as a distinguished training center in Al Barsha1, Dubai, UAE setting the standard for excellence in face-to-face training programs. As a KHDA-approved and Autodesk Authorized center, we pride ourselves on offering affordable, effective, and industry-recognized courses across diverse fields, including Engineering & IT, Finance, Sales & Marketing, and HR & Administration.
As a KHDA-approved center, our dedication to quality education is recognized by the regulatory authority, assuring you of our commitment to delivering courses that meet the highest standards.
Moreover, being an Autodesk Authorized center in Dubai underscores our expertise in providing cutting-edge training in engineering and technology.
Accounting, Finance and Banking Related Questions
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