Bookkeeping and Basic Accounting for Non-Accountants

This course is designed to provide individuals with little to no prior accounting knowledge with a foundational understanding of bookkeeping and basic accounting principles. This course will equip you with the essential skills to manage financial records and make informed financial decisions.

• To gain an understanding of the basic accounting concepts, procedures, and processes in a simple and practical way.
• To be able to learn actual applications of said concepts, procedures, and processes through a series of workshops.
• To be able to appreciate and know the importance of financial accounting reports and information for better decision-making.

Content

• Introduction
• Accounting Definition
• Users of Financial Accounting Information
• Basic accounting Concepts and Principles
• Accounting Equation and the Rules of Debit and Credit and the Double Entry Bookkeeping System
• Accounting Cycle, i.e., analyzing, recording, classifying, summarizing, and interpreting.
• Common Types of Accounting Transactions and their Impact on the Accounting Equation
• Books of Accounts
• Importance and Legal Basis for the Use of Books of Accounts
• Different Types of Books of Accounts (Journals and Ledgers)
• Use and Definition of Each Book of Accounts
• Recording Information on Each Book of Accounts
• Basic Financial Statements and its Preparation
• Components of the Basic Financial Statements (applicable to every type of business organization)
• Contents and Use of Each Basic Financial Statement
• Simple Analysis of Financial Statements

For Whom:

Accountants, Non- Accountants, Auditors, and other Financial Managers in both the Public and Private Sectors.

Training Methodology

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.