This trainings comes in 5 parts!
Journal and Journalizing
- Accounting definition, cycle, information process and users of information
- Accounting equation and elements (rules of debits and credits)
- The chart of accounts
- Nature of journal and kinds of journal.
- Analyzing and recording the transaction (journal & journalizing)
Posting, Trial balance, and adjusting entries
- Definition, kinds and importance of ledger.
- Classifying the journal entries and posting to the ledger
- Summarizing the ledger /preparing the trial balance
- Preparation of adjusting entries
- Preparation of adjusted trial balance
- Identifying the revenue and expense from the adjusted trial balance and computation of the net income (loss) T
- The assets, liabilities and equity accounts
- The effect of net income (loss) to the balance sheet or real accounts.
- The use of the income summary accounts in closing the nominal accounts
- Preparing the post closing trial balance for the next accounting period
- Defining the internal control.
- The Interrelated components of IC
- The roles, responsibilities and authorities.
- Limitations and effectiveness
- Assessments and evaluation.
- Understanding the ratio analysis
- The four classification of ratio analysis
- Liquidity, efficiency, leverage and profitability ratio
- Analyzing and computing the ratios from the given financial statements.
- Study operating performance using income and cash flow statements
- Use financial statements to gain insight on business operations and ways on improving them
- Read and interpret balance sheets to pinpoint business strengths and weaknesses.
- Make informed management decisions using basic accounting concepts and processes
- Managers who want a good understanding of financial reports and the ability to utilize this information productively
- Small to medium business owners who want more involvement with company finances, enabling closer monitoring and control of its financial performance
- Bookkeepers or account clerks who want a greater appreciation of accounting terminology and processes
- Any individual in need of basic, day-to-day accounting