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
An Overview of Accounting Cycles
Analyzing Transactions
|
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