Accounting Training For Non-finance

In the recent times, accounting has gained quick importance because of its wide scope of applicability and omnipotent acceptability. People from non commercial background may find it tough to cope up with the business atmosphere that they are employed to at.

Basic Accounting course for non finance solves those issues by proving knowledge of accounting from the basics.

The Microsoft basic accounting course imparts knowledge on basic fundamentals of accounting. It aims to break certain myths related with accounting and focuses to teach students about accounting from the very beginning to the advance level.

This course will teach students how to differentiate between assets, liabilities, revenue, expenditure, sales and other accounting basic terms. At the successful completion of this course the student will have great deal of knowledge about the basic accounting and will efficiently be able to perform the task of recording, classifying and analyzing financial data.

Prerequisites: 

As this course targets the non commerce students mostly, pupil from science and other backgrounds are free to join this course. They must possess early learning skills and must have practical knowledge of the business world.

Target Audience:

Students from the non accounting background who wish to switch carrier cab apply for this basic accounting course. Professionals such as business owners and managers working in an organization who wish to get basic understanding about the accounting world can also apply for this course.

Outline:

• Lesson 1: Accounting Equation Introduction
• Asset
• Liability
• Equity
• Revenue
• Expense
• Lesson 2: Finance Processes Flow Within Organization
• Source Documents
• Books of Prime Entry
• Business Transaction
• The impact of double entries
• Lesson 3: Main Financial Statements
• Balance Sheet (Statement of Financial Position)
• Profit & Loss (Statement of Comprehensive Income)
• Statement of Cash Flow
• Lesson 4: Types Of Final Accounts
• Sole Proprietorship
• Partnership
• Partnership Agreement
• Limited Companies (Private and Listed Companies)
• Lesson 5: Rationalizing On Inventory Systems
• Periodic System
• Perpetual System
• Methods of Inventory Valuation
• Lesson 6 Budgets
• Master Budgets/Production Budget
• Sales Budget/Cash Budget
• Income Statement Budget
• Balance Sheet Budget
• and more