Accounting for Non-Accountants - Virtual Learning - Meirc

Accounting for Non-Accountants - Virtual Learning

Why Attend

Accounting is the language of business. By attending this course you will learn the fundamentals of accounting as well as reading and analyzing financial statements. You will also appreciate the relationship between accounting and finance and understand the use of debits and credits. Finally, this course will help you to record financial transactions accurately and summarize them in financial statements.

Course Objectives

By the end of the course, participants will be able to:

  • Define accounting and the accounting cycle
  • Demonstrate knowledge of the basic accounting equation, double-entry bookkeeping, and the new automated accounting systems
  • List the key financial statements (balance sheet, income statement, changes in shareholders’ equity and cash flow statement) and their components
  • Practice financial statements’ adjustments at month and year-end

Target Audience

Managers, supervisors and staff from any function who need to improve their understanding, application and techniques of the language of numbers.

Target Competencies

  • Accounting for business transactions
  • Preparing income statements
  • Preparing balance sheets
  • Using debits and credits
  • Introducing accounting and financial statements
    • Definition of accounting
    • Users of accounting information
    • Basic financial statements
    • The corporation defined
    • Presentation of accounting information by different business entities
  • Double-entry accounting
    • The accounting equation
    • Traditional double-entry bookkeeping
    • Your asset is his liability
    • The chart of accounts
    • The general journal
    • The general ledger
    • The trial balance
  • Income statements
    • Defining the income statement
    • Defining revenue and its recognition
    • Defining expenditures and their classifications
    • Calculating profit
    • Gross profit
    • Operating profit
    • Net profit
    • The income statement illustrated
  • Net equity
    • Defining capital stock
    • Dividends are not an expense
    • Retained earnings - not the same as cash
  • The balance sheet and its components
    • Defining the balance sheet
    • Assets
    • Liabilities
    • Equity
    • Current versus non-current assets and liabilities
    • The balance sheet illustrated
  • Cash flow statement
    • Defining the statement of cash flows
    • Classification of cash flows
      • Operating activities
      • Investing activities
      • Financing activities
    • Overview of the cash flow statement 
  • Adjustments to financial statements
    • The accrual concept
    • Accruals and prepayments
    • Depreciation
    • Bad debts
    • Provisions for contingencies

Meirc Professional Certificate (MPC)

MPC certified courses by Meirc Training and Consulting are designed for those willing to challenge themselves and go the extra distance. Participants who fully attend an MPC course and successfully complete the test on the last day, will receive a Meirc Professional Certificate (MPC), in addition to the one they receive for attendance. MPC certificates are regionally recognized and can be quite valuable when applying for more senior roles within the organization or outside.

MPC
Per participant

USD 1,750

Fees + VAT as applicable

Tax Registration Number : 100239834300003

Online Training