Categories

Course of Accounting for inventory issues, its adjustments and preparation of financial statements


Summary

This course introduces all accounting and financial matters from income, expenses, debts, loans and costs. This course introduces the terms of accounting. This course offered to employees in accounting and financial affairs.

Accounting is said to be the "language of the business world" as it is the process of analyzing, recording and processing a company's financial data by using a particular accounting program or system.

Accounting is performed to provide financial information about the company, so it helps you know how well your company's financial system is and how it will continue in the future.

When all transactions are documented during the accounting period, three types of financial reports are issued to be used to make appropriate decisions for the company. These financial reports are divided into:

Income statement: It is also called the profit or loss statement. This list shows whether the company's operations achieve financial profit or loss and identify areas where there is a lot of expense.

Budget: This report gives an overview of the work as a whole. It shows the value of the Company's assets, the financing method and the value of shareholders' equity at a specified point in time. Statement of financial flows: This list provides owners and managers with a report on the cash flow activities of the company over a specified period of time. To ensure continuity in the future, companies need to have healthy money flowing.

As a company owner or manager, understanding accounting principles can push your company forward or backward ... but of course it depends on the decisions you make! It is important to be able to count the resources you own, rather than simply saying, "I have many resources." Accountability provides clarity to improve decision-making. So, understand your numbers so that you can support your results in the future.

Objectives and target group

Purpose of this course:

  • Introducing trainees to the basic terms of accounting and information flow of accounting through good systems and in accordance with international standards.
  • Provide the trainee with the methods of registering and migrating accounting entries.
  • Acquire the skills to implement the performance of the financial time.
  • Acquire the skills to close and create accounts for the end and create budgets in accordance with the international standards.
  • Understand financial information and the importance and usefulness of each financial statement.

Report Presentation Methods:

  • Digital presentation method.
  • Diagrammatic presentation method.
  • Using "Z" method.
  • Developing applications on computer and workshops.
  • Skills of report preparation and presentation in order to develop plans and general budgets.
  • Current budgets for materials and utilization.
  • Capital budgets.
  • Problems occurring while general project and their feasibility are explored and assessed.
  • Skills to prepare and present the report for follow ups and financial control issues.
  • Treasuries and stores control.
  • Disbursements control.
  • Procurement supervision and control of permanent or interim loans, custodies and trusts.
  • Skills of report preparation and presentation in order to assess the competencies inside the government facilities and the general economy authorities.
  • Main definitions of disbursement economics and costing.
  • Problems we encounter while preparing and presenting reports.
  • Workshop
  • Copies of reports already prepared inside the government facilities and general economy authorities.
  • Skills of auditing the accounts statements of the government facilities and general economy authorities.
  • Programs for expenses and revenues statements inside the government facilities and general economy authorities, as well as assets and liabilities items' statements programs.

Course Content

The main axes of the course:

The first axis:

Rules governing accounting:

  • Key terms and principles of accounting.
  • Principles and sections of accounting functions.
  • Assets, expenses, profits, and other key terms of accounting.
  • Financial information, its importance and use.
  • The difference between cash accounting and accrual accounting.

The second axis:

Accounting systems and their components:

  • Accounting data systems, its definition and purposes.
  • Documents and records.
  • Accounting and financial guidelines.
  • Various accounting methods.

The third axis:

Accounting program:

  • Accounting program sections.
  • Evaluation of financial transactions.
  • Budget theory.
  • Prepare daily records to register financial transactions.
  • Prepare a record for the division of financial transactions.
  • Prepare a balance sheet for audit summarizing financial transactions.

The fourth axis:

Preparation of accounting adjustment:

  • Settlement of accounts.
  • Settlement of income and expenses.
  • Settlement of receivables.
  • Identify introductions.
  • Setting balances for review after adjustments.
  • Practical applications.

The fifth axis:

Termination of accounts and preparation of financial statements:

  • Create entries for adjustments.
  • Termination and review of accounts.
  • Create financial statements from the adjusted balance sheet.

The sixth axis:

Create adjustments for financial transactions:

  • Create adjustments to salaries and wages.
  • Create adjustments to the secretariats and the Covenant.
  • Create adjustments to advances, expenses, income and debts.
  • Various applications.

Course Date

2019-05-06

2019-08-05

2019-11-04

2020-02-03

Course Cost

Note / Price varies according to the selected city

Members NO. : 1
£3200 / Member

Members NO. : 2 - 3
£2560 / Member

Members NO. : + 3
£2080 / Member

Related Course

Featured

Advanced Training Programme in Statistics and Data Analysis

2019-06-17

2019-09-16

2019-12-16

2020-03-16

£3200 £3200