Accounting Basics Training

If there is a business, there is accounting regardless of the size of the company. Therefore, as a business owner, the last thing you want know is what is the income and how much does it cost to generate that income.

Accounting is simply the process of recording and analysing the financial transactions over a specific period of time. This financial information could be used by the management to make decisions and for interested parties to review the company’s financial position.

If you need to prepare an accurate financial statement, business plan or cash flow forecasts, you need to have the relevant information available to complete them.

In this course, the basics of accounting are covered. It allows you to understand the fundamentals and basic accounting concepts.

Objectives:

By the end of Accounting Basics Training Course, you will: 

• Gain basic accounting knowledge to understand business transactions better.
• Understanding the importance of accounting and its role in operating your business.
• Easily track the business expenses and identify the cost variables.
• Being able to understand the difference between the assets (what your business own) and liabilities (what your business owes).
• Keeping an accurate record for financial institutions and taxes.
• Conducting the account analysis, monitoring payables & receivables, processing the bank reconciliation and preparing the Financial Statements.