Course Overview
Financial accounting is the backbone of any organization, providing crucial insights into financial health and enabling effective decision-making. This course equips participants with essential accounting principles and practices, ensuring they can understand, analyze, and apply financial information in a professional setting. Participants will gain practical skills to manage financial records accurately, leading to enhanced performance in their roles and contributing to the organization's overall success.The course covers key concepts, principles, and practices of financial accounting, including the preparation and analysis of financial statements. Participants will engage in hands-on exercises and case studies to reinforce learning and develop the ability to apply accounting knowledge in real-world scenarios.
Course Duration
5 Days
Who Should Attend
- Junior accountants and financial analysts
- Business owners and entrepreneurs
- Non-financial managers and professionals seeking to understand financial accounting
- Students and recent graduates entering the accounting profession
- Anyone interested in gaining a fundamental understanding of financial accounting
Course Objectives
By the end of this course, participants will:
- Understand the basic principles and concepts of financial accounting.
- Prepare and interpret financial statements, including the balance sheet, income statement, and cash flow statement.
- Apply accounting standards and practices to record and report financial transactions.
- Analyze financial statements to assess an organization's financial health and performance.
- Communicate financial information effectively to stakeholders.
Course Outline:
Module 1: Introduction to Financial Accounting
- Overview of financial accounting
- Accounting principles and concepts
- The accounting cycle
- Double-entry bookkeeping system
Module 2: Financial Statements Preparation
- Introduction to financial statements
- Preparing the balance sheet
- Preparing the income statement
- Preparing the cash flow statement
Module 3: Recording Financial Transactions
- Journal entries and ledgers
- Adjusting entries
- Closing entries
- Practical exercises and case studies
Module 4: Accounting Standards and Practices
- Introduction to accounting standards (IFRS/GAAP)
- Revenue recognition
- Expense recognition
- Asset and liability valuation
Module 5: Financial Statement Analysis and Communication
- Ratio analysis and financial metrics
- Trend analysis
- Communicating financial information
- Practical exercises and case studies
Customized Training
This training can be tailored to your institution needs and delivered at a location of your choice upon request.
Requirements
Participants need to be proficient in English.
Training Fee
The fee covers tuition, training materials, refreshments, lunch, and study visits. Participants are responsible for their own travel, visa, insurance, and personal expenses.
Certification
A certificate from Ideal Workplace Solutions is awarded upon successful completion.
Accommodation
Accommodation can be arranged upon request. Contact via email for reservations.
Payment
Payment should be made before the training starts, with proof of payment sent to outreach@idealworkplacesolutions.org.
For further inquiries, please contact us on details below:
