Accounting for non accountants training course for administrators

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

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

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

Management Accounting – Data Analysis for Decision Making

• The Purpose of Management Accounting

• Responsibility Accounting

• Collecting and Classifying Costs

• Preparing Product and Service Cost Summaries

• Absorption Costing vs. Activity-Based Costing

• Separating Fixed and Variable Costs

• Break-even Analysis and Applications

Preparing and Using Budgets – for Efficiency and Profitability

• Budgets and Budgetary Control

• Developing the Annual Budgets

• The Benefits and Limitations of Budgets

• Preparing Functional Budgets

• Preparing a Cash Budget

• Alternative Budgeting Methods