Nigerian Seminars and Trainings

Search conferences, training, seminars, courses and workshops in Nigeria and around the world

business logo

Comprehensive Basic Accounting Training

By: Tom Associates Training  

Lagos State, Nigeria

12 - 16 Mar, 2018  5 days

Follow Event

  

NGN 175,000

This programme takes the employees responsible for running the Accounts and Finance functions of the organization through their core duties. They will be taken through the step-by-step process of performing each task. The core duties are:

  • Implementing all processes in accounting for financial transactions and enforcing the controls necessary for the running of the organization’s business.
  • Liaising with external auditor and others involved in matters of statutory regulations, including pension fund managers, the tax organizations, etc.
  • Preparing financial and other relevant reports at such intervals that help Management decisions for the organization to run smoothly. These include:
    • Weekly performance report
    • Daily balances and advice on managing the balances
    • Bank reconciliation
    • Variance analysis
    • Management of the cash flow position
    • Monthly trial balance, income statement and balance sheet
    • Budgeting and budgetary control.

Course Contents

Day One

  • Interpretation of Financial Statements
  • The three financial fundamentals
  • The Balance Sheet - Interpreting Assets and Liabilities
  • The Income and Expenditure Statement
  • Diagnosing the Cash Flow Position and Requirements
  • How do you know if the organization is performing well?
  • Budgeting
  • Budgets and budgeting cycle
  • Steps in developing an operating budget
  • Preparation of budgets
  • Sensitivity analysis in budgeting
  • Budgeting and responsibility accounting

Day Two

  • Control Systems
  • The Internal Control System - Preventive, Detective and Directive
  • Distinction between Internal Check and Internal Auditing
  • How to Use Internal Control to Promote Operational Efficiency
  • Internal Control and Risk Management - the Inherent Limitations
  • Elements of Internal Control
  • Internal Control on receipt of cash/cheques 
  • On cash and cheque payments
  • On the organization reconciliation; 
  • On stock/inventories, sales, etc.
  • Operational auditing 
  • Approval of controls
  • Evaluation of performance
  • Purchasing
  • Production
  • Administration
  • Personnel
  • Fixed Assets. 

Day Three

  • Internal Auditing
  • Reviewing and Appraising Operating Controls 
  • Compliance with policies, plans and procedures
  • Safeguard of assets
  • Detection and prevention of frauds
  • Economical and efficient use of resources
  • Accomplishment of established objectives and goals for operation
  • Internal auditing and the maintenance of a sound system of internal control 
  • Responsibility for the system of internal control - auditor or management
  • Internal Audit Charter  
  • Understanding the nature and context of internal control
  • Management Involvement - Reviewing the effectiveness of internal control
  • Responsibility for reviewing the effectiveness of internal control system
  • The process of reviewing effectiveness
  • Business objectives
  • Risk identification and assessment
  • Monitoring of controls.

Day Four

  • Cash flow Management
  • What cash flow statement is
  • What the purpose of cash flow statement is
  • Preparation of cash flow statement
  • How to make operational, investing and financing decision when preparing cash flow
  • Key performance indicators for cash flow
  • Action to take when there is surplus or deficit fund
  • Source of Finance
  • Tax Management
  • Types of taxes
  • What taxes are payable to Federal, State and Local Government
  • Corporate Tax planning 
  • How to compute company income tax and capital allowance
  • Filling of Self-Assessment return and VAT return
  • Withholding Tax and its application
  • Capital Gains Tax
  • Application for company and Personal Tax clearance certificate
  • How to prepare Personal income tax
  • Payment of Pay As You Earn deductions
  • Rendering of annual return to State Internal Revenue Board.

Day Five

  • Financial Reporting and Management
  • Types of Financial Report and How to Prepare Them
  • Revenue analysis report
  • Cost analysis report
  • Expenses report
  • Account receivable report
  • Chairman’s report
  • Auditor’s report
  • Balance sheet
  • Profit and loss statement
  • Cash flow statement
  • Financial performance report
  • Benefits of Financial Report
5/7 Alade Lawal Street, Opposite Divisional Police Station, Off Ikorodu Road, Anthony, Lagos. Mar 12 - 16 Mar, 2018

Registration: 08:30:am - 09:00:am

Class Session: 09:00:am - 04:00:am

NGN 175,000.00(Including VAT)
(Convert Currency)

Mr Abiodun Toki 08033019120

3 – 4 participants: 5% discount 5 or more participants: 10% discount
Related Courses
Mastering Competitive Positioning, Blue Ocean Strategy and Value Chain Management Mastering Competitive Positioning, Blue Ocean Strategy and Value Chain Management

3 days, 08 - 10 Aug, 2018 

2018-08-08 12:08:00
Lagos State, Nigeria

Tom Associates Training

How does the management find a unique positioning, the “place” the organization should be in the industry? That is discovering a good strategy. In your arena of tough business rivalry, ...

Managerial Skills Appreciation Course : First Level Managers Programme Managerial Skills Appreciation Course : First Level Managers Programme

3 days, 14 - 16 Mar, 2018 

2018-03-14 12:03:00
State, Nigeria

Tom Associates Training

This course is to introduce first level managers to office and business management by making them Understand their roles within the changes that do affect business Get clear the management styles ...

Building Trust and Inspiring Followers Course - Small Behaviours that Create Positive Change Building Trust and Inspiring Followers Course - Small Behaviours that Create Positive Change

3 days, 04 - 06 Apr, 2018 

2018-04-04 12:04:00
Lagos State, Nigeria

Tom Associates Training

This course is relevant mostly when the leadership faces among the followers problems of: change resistance lower morale lack of real effort. Then it's the time the leader must tap into the ...

Building and Sustaining a Successful Enterprise Building and Sustaining a Successful Enterprise

4 days, 26 - 29 Jun, 2018 

2018-06-26 12:06:00
State, Nigeria

Tom Associates Training

This Building and Sustaining a Successful Enterprise training  course will discuss: Set right strategy Beat powerful competitors Get funding for new growth initiatives Be relentlessly ...