Financial and Management Accounting (Business Accounting)

This training is designed to develop and improve your understanding, application and techniques of the language of numbers. This training will help you understand accounting basics and give you meaningful financial tools to understand business.

Outline:

• Introduction to Accounting Principles
• Double-entry for cash transactions
• Double Entry for Credit Transactions
• Balancing of accounts and preparation of a Trial Balance
• Value Added Tax
• Business Documentation
• Capital and revenue expenditure
• Books of original entry & ledgers – Sales day book and sales ledger including VAT
• Purchase day book and purchase ledger including VAT
• Cask books
• Petty cash and the imprest systemBank reconciliation statements
• The Journal
• Sales ledger and Purchase ledger control accounts
• Trading account and profit and loss account of a sole trader
• The Balance Sheet
• Financial statements other considerations
• The concept of depreciation of fixed assets
• Double entry for depreciation and disposal of a fixed asset
• Bad Debts and provision for doubtful debts
• Accruals prepayments and other adjustments for financial statements
• Incomplete Records
• Accounting for non-profit making organizations
• Manufacturing accounts
• Partnership accounts
• Limited company accounts
• Analysis accounts
• Computers and accounting systems