Print Friendly, PDF & Email
Fill This Form To Get More Information
Fill This Form To Get More Information - Short Course

Accounting for Non-Accountants


Why Attend

Accounting is the language of business. By attending this course you will learn fundamentals of accounting, reading and analysis of 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 accurately record financial transactions and summarize them in financial statements.

Course Methodology

This course uses a mix of interactive techniques, such as brief presentations by the consultant and the participants, in addition to demonstrating theoretical core accounting topics. The course also features real-life case studies that are discussed, solved and presented by participants.

Course Objectives

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

  • Define accounting and the accounting cycle
  • Identify the major rules and principles of accounting under the International Financial Reporting Standards (IFRS)
  • 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 including the accounting department who need to improve understanding and application and techniques of the language of numbers.

Target Competencies

 

  • Accounting for business transactions
  • Prepare income statements
  • Interpret balance sheets
  • Analyze cash flow statements
  • Prepare adjustment entries
  • Use debits and credits
  • Apply International Financial Reporting Standards (IFRS)

Course Contents

 

  • 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
  • International Financial Reporting Standards (IFRS)
    • The International Accounting Standards Board (IASB)
    • Introduction to IFRS
    • Main differences between IFRS and US Generally Accepted Accounting Principles (GAAP)
  • 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
    • Modern bookkeeping: automating transactions
  • 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
      • Cash dividends, stock dividends and stock split
      • Definition of treasury stock
      • 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
      • Cash and cash equivalents
      • Classification of cash flows
        • Operating activities
        • Investing activities
        • Financing activities
      • The cash flow statement illustrated
    • Adjustments to financial statements
      • The accrual concepts
      • Accruals and prepayments
      • Depreciation
      • Bad debts
      • Provisions for contingencies
Subscribe To Our Newsletter

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from our team.

You have Successfully Subscribed!

Apex Campus Locations

Abu DhabiMasdar CityDubai
304, Level – III, Abdullah Darwish Building,
Corner of Hamdan & Salam Street,
Abu Dhabi, U.A.E.
Mob: +971 55 679 4618
Landline: +971 2 672 0066
Email: [email protected]
Google Map
135, Level – I, Incubator Building,
(Near Masdar Institute of Science & Technology)
Masdar City, Abu Dhabi, U.A.E.
Mob: +971 55 679 4618
Email: [email protected]
* Specific Courses Only
Google Map
22nd Floor, Millennium Plaza Hotel,
Near Emirates Tower Metro Station,
Sheikh Zayed Road, Dubai – UAE
Mob: +971 50 963 1642
Email: [email protected]
Google Map

You have Successfully Subscribed!