Eurotech Training Consultancy Recruitment Fadi Jawad

Principles of Accounting: An Introduction to Concepts, Uses and Methods

Principles of Accounting: An Introduction to Concepts, Uses and Methods

Principles of Accounting: An Introduction to Concepts, Uses and Methods

 

OBJECTIVES

  • Learn the importance of accounting in running businesses.
  • Understand the accounting cycle.
  • Perform hands-on analysis and recognition of accounting transactions.
  • Account for assets, liabilities and equities.
  • Effectively prepare balance sheets and income statements.

WHO SHOULD ATTEND?

Professionals in the field of finance and accounting, managers seeking to enhance accounting knowledge.

COURSE OUTLNE 

Importance of Accounting in  Business

  • The Role of Accounting
  • The Fundamental Equation of Accounting

An Overview of Accounting Cycles

  • Seven Basic Steps of the Accounting Cycle
    • Journalizing Transactions
    • Posting Transactions
    • Preparing Trial Balance
    • Preparing Financial Statements
    • Journalizing Adjusting Entries
    • Closing Entries
    • Preparing Post-closing Trial Balance

Analyzing Transactions

  • Using Accounts to Summarize Transactions
  • The Rules of Debits and Credits
  • Preparing Trial Balance TB

The Matching Principle

  • Accrual Vs. Cash Basis Accounting
  • Adjusting Entries and Adjusted TB

Accounting for Assets

  • Cash
  • Receivables
  • Inventory
  • Fixed and Intangible Assets

Accounting for Liabilities and Equities

  • Current Liabilities
  • Long-Term Liabilities
  • Equities

Preparing Financial Statements

  • Balance Sheet
  • Income Statement

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