This course would enable new as well as existing accounting personnel, administration personnel to appreciate and understand the steps in the accounting process, from source documents to the preparation of financial statements. Knowledge in these areas will enable them to be more effective at their job functions.
In today’s computerised accounting environment, accounting staff perform very specific duties as part of the accounting function. They may be involved in one specific area like handling accounts payable, accounts receivable, payroll, cash book, general ledger, etc. As a result, they are often very focused in their respective areas but may not be aware or knowledgeable of the other important areas in accounting.
With the advancement of computerised accounting packages, the accounting process is somewhat isolated and as a result, the accounting personnel do not see the physical transaction actually taking place. This may lead to a lack of understanding of the accounting process which can lead to making errors. A thorough knowledge of the accounting process will enable the staff to better understand the process thus contributing more effectively to the recording process.
This course is also suitable for administration staff, secretaries and other clerical personnel, who perform some basic accounting functions but have limited knowledge of accounting.
At the end of the training, participants will be able to:
• Understand the entire flow in the Accounting Process.
• Accurately record business transactions while minimizing errors.
• Value and record inventory
• Manage and record petty cash
• Do a bank reconciliation statement
• Make adjustments to accurately match revenue with expenses
• Calculate and record depreciation and impairments on tangible assets
• Prepare Financial Statements and do the closing process.
MODULE 1 : INTRODUCTION
• What is Accounting
• Accounting Process
• Role in today’s business
• The Accounting Equation
• Transaction Analysis
• Simple Financial Statements
• Exercise
MODULE 2: THE RECORDING PROCESS WITH JOURNALS AND LEDGERS
• Recording in The Journal
• The Creditors Ledger
• The Debtors Ledger
• The General Ledger
• Assets
• Liabilities
• Capital
• Revenue
• Expenses
• Extracting Trial Balance
• Financial Statements
• Correction of errors
o Exercises
MODULE 3: ACCOUNTING FOR INVENTORY
• Measurement
• Cost using FIFO & Weighted Cost method
• Impact on Financial statements
• Perpetual versus periodic system
• Exercise
MODULE 4: PETTY CASH, BANK RECONCILIATION STATEMENTS & ADJUSTMENTS
• Cash versus Accrual Accounting
• Matching Principle
• Accrued Expenses
• Prepayments
• Unearned Revenue
• Bad Debts & Provision for Doubtful Debts
• Recording in Ledger
• Impact on Financial Statements
• Exercises
MODULE 5: ACCOUNTING FOR TANGIBLE FIXED ASSETS
• Historical Cost Concept
• Depreciation Calculation & Recording
• Gain or Loss on Sale
• Recording in Ledger
• Impact on Financial Statements
• Exercise
MODULE 6: PREPARATION OF FINANCIAL STATEMENTS WITH ADJUSTMENTS
• Limited Company Background
• The Income statement / The Profit & Loss Statement
• The Balance Sheet
• Closing Process
• Exercise
MODULE 7: STATEMENT
• Statement of Cash Flow
• Exercise
New accounting staff, accounts clerks & assistants, secretaries, office administrators, non-financial executives, payroll clerks and other clerical staff.
There are 3 methods to register for this training:
- Kindly click here for online registration. Register Now.
- Kindly download this registration form, and fill up all the particulars. Please fax back to +6-03-6270-9993. Click here to download Registration Form (177KB).
- Call us to register. Tel: +6-03-6270-9883.
Notes:This Training Programme is HRD Corp Claimable Course *Subject to HRD Corp Terms & Conditions.
We Are An Approved Training Provider Under HRD Corp Claimable Course With Human Resource Development Corporation (HRD Corp)