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Accounting for Non-Accountants

INTRODUCTION

Those who attend this Accounting for Non-Accountants training seminar will gain a clear understanding of the structures of the accounting system, the information it contains, and how it can be accessed. You will learn, from numerous practical examples and illustrations, how the information on business transactions and activities, input to the accounting system is used throughout the organization. You will understand how accounting provides essential support to routine operations, decision making, and effective business control.

The highlights of this training course will be:

  • The structure of the accounting system
  • Preparing truthful and realistic financial statements
  • Analysing financial statements to evaluate a business
  • Establishing the costs of products and operations
  • Preparing budgets to implement our strategic plans

 

OBJECTIVES

At the end of this training seminar, participants will:

  • Be able to record transactions in the accounting system
  • Understand the format and contents of financial statements
  • Use accounting information to interpret and evaluate a business
  • Make efficient and profitable decisions, based on cost information
  • Apply budgetary control techniques to ensure that targets are achieved

WHO SHOULD ATTEND?

This Accounting for Non-Accountants training seminar is designed for staff have an interest in accounting, or need to use accounting information in their roles. It is specifically aimed at those who do not currently work within the Accounting Function, or who have not been trained in accounting. It is suitable for a wide range of individuals, but is particularly relevant for:

  • Administrators
  • Marketing staff
  • Production and Production Control Staff
  • Logistics Staff
  • Small Business Owners or Managers
  • Divisional Controllers

DAY 1

Introduction to Accounting and Accounting Systems 

  • Why Accounting is Important?
  • The Basics of Financial Accounting
  • The Double-entry Accounting Method
  • Developing the Accounting System for Large-scale Application
  • Recording Entries in the Accounting System – A Case Study
  • Control Systems and Reconciliations
  • Adjusting for Depreciation and Inventory
  • Preparing the Income Statement and Balance Sheet

DAY 2

Preparing Accounting Statements  

  • Types of Business Entity
  • The Structure and Format of Accounting Statements
  • Understanding Depreciation and How it is Calculated
  • Adjusting for Amortization and Impairment
  • Identifying and Valuing Inventory
  • Accounting for Sales Taxes and Profit Taxes
  • Recognizing Revenue
  • Preparing the Cash Flow Statement

DAY 3

Financial Reporting – Applying the Standards  

  • The Importance of Financial Reporting Standards
  • The Financial Reports of Listed Public Companies
  • Finding Useful Information in the Annual Financial Report
  • What are Group Financial Reports?
  • Preparing a Simple Group Balance Sheet
  • Interpreting the Financial Statements using Common-size Analysis
  • Interpreting the Financial Statements using Ratio Analysis
  • Where to Find Published Analysis on Companies

معهد مهارات التخطيط الاستراتيجي
شركة منطقة حرة – ذ.م.م
رأس الخيمة المنطقة الاقتصادية
الإمارات العربية المتحدة
info@spskills.com

+971 50 587 0421

 

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