Basic Accounting & Finance (UBAF)

You are a non finance and accounting professional but somehow feeling very lost and uncertain when dealing with numbers and finance. 

This programme is designed for non-finance managers and executives whom want to learn accounting and finance as a whole from a bird’s eye view and in a very short time. We assure you of better understanding on this subject matter because our programme is very engaging and comprehensive.

Objective:

• To provide an understanding of the accounting system and its various components, and develop an overview of the financial accounting process in the company. 
• Upon completion, participants will acquire an overview of business finance and able to understand basic business performance indicators and distinguish good from bad performance.

Methodology:

• Workshop discussions accompanied by accounting practice and scenario analysis

Audience:

• Professional and non professional accounting staff/ executives, Business Managers, Entrepreneurs wanting to know how the accounting works and affect their businesses.

Outline:

• Introduction to the accounting function    
• Business information requirements
• Role of accounting and finance function
• Internal control
• Accounting framework    
• Accounting system architecture
• Source documentation
• Key bookkeeping concepts
• Accounting procedures    
• Bookkeeping system
• Journal entries
• Ledger entries
• Cash book entries
• Transaction processing
• Revenue transactions
• Expenditure transactions
• Capital transactions
• Cash transactions
• Accounting accuracy    
• Trial balancing
• Correction of trial balance errors
• Internal Controls    
• Importance
• Your role in Internal Control Assurance
• Internal Control Risk
• Introduction to financial reporting    
• Information requirements and risk management
• Role of accounting and finance function
• Internal control and efficiency
• Financial reporting and financial statements    
• Structure of financial statements
• Content of financial statements
• The income statement
• The balance sheet