Course Details

This course is appropriate for a wide range of professionals but not limited to:

• Accounting and finance assistants who wish to strengthen their technical skills.
• Non-financial staff who need to understand accounting basics for their roles.
• Department supervisors and administrative personnel involved in financial tracking.
• Entrepreneurs and small business owners responsible for their own bookkeeping.
• Fresh graduates or professionals preparing for advanced financial training.

• Expert-led sessions with dynamic visual aids
• Comprehensive course manual to support practical application and reinforcement
• Interactive discussions addressing participants’ real-world projects and challenges
• Insightful case studies and proven best practices to enhance learning

By the end of this course, participants should be able to:

• Understand the basic accounting principles and the purpose of financial reporting.
• Apply double-entry bookkeeping to record business transactions.
• Prepare accurate financial statements in accordance with standard accounting formats.
• Interpret accounting information to support business decisions.
• Maintain sound accounting practices for compliance and organizational control.

DAY 1

Introduction to Accounting and Financial Reporting

• Welcome and introduction
• Pre-test
• Definition, Purpose, and Scope of Accounting
• Users of Accounting Information and Decision-Making
• The Accounting Equation: Assets = Liabilities + Equity
• The Double-Entry System and Rules of Debit and Credit
• The Accounting Cycle: From Transactions to Trial Balance
• Practical Exercise: Recording Basic Business Transactions

DAY 2

Recording and Classifying Transactions

• Journals and Ledgers: Recording and Posting Entries
• Understanding the Chart of Accounts
• Adjusting Entries and Accrual Accounting
• Handling Prepayments, Accruals, and Depreciation
• Trial Balance Preparation and Error Identification
• Case Study: Building an Accounting Record from Source Documents

DAY 3

Financial Statements Preparation

• The Income Statement: Measuring Profitability
• The Balance Sheet: Presenting Financial Position
• The Cash Flow Statement: Tracking Cash Movements
• Relationship Between the Three Primary Statements
• Closing Entries and the Post-Closing Trial Balance
• Workshop: Preparing a Complete Set of Financial Statements

DAY 4

Accounting Concepts, Controls, and Analysis

• Key Accounting Principles and Assumptions (GAAP / IFRS Basics)
• Internal Controls in the Accounting Process
• Bank Reconciliation and Cash Control Procedures
• Common Accounting Errors and How to Correct Them
• Financial Ratio Analysis: Liquidity, Profitability, Efficiency
• Practical Exercise: Analyzing Financial Performance Using Ratios

DAY 5

Practical Applications and Reporting

• Ethics and Professional Conduct in Accounting
• Managing Accounts Receivable, Payable, and Inventory
• Preparing and Interpreting Management Reports
• The Role of Accounting Software and Automation
• Final Group Project: Preparing a Mini Accounting System for a Small Business
• Post-test
• Certificate ceremony