Course Content
- Introduction
- What is Accounting
- Process of Accounting
- Elements of Accounting
- Accounting Equation
- Accounting Equation exercise
- Accounting equation simple interpretation
- Ledger Accounts
- Double entry theory
- Ledger Accounts exercise
- How to balance Ledger Accounts
- Trial Balance
- Statement of comprehensive income
- Income Statement
- Income Statement exercise
- Alternative simple income statement
- Statement of Financial Position
- Classification of Assets and Liabilities
What you will learn
- Statement of Financial Position exercise
- Simple interpretation of Statement of Financial Position
- Income Scenarios
- Profit Maximization and Loss Minimization
- Impact and Importance of Profit and Loss
- Self-Assessment
- The whole purpose of accounting
- Basic Book-Keeping – Debit, Credit, Journal, Ledger & Trial Balance
- Basic Accounting – Principles, Concepts & Chart of Accounts
- Basic Cost Accounting – Cost of Goods Soldbr
- Accounting Standards ** GAAP, IAS, IFRS br
Requirements & who can attend
- Ability to understand simple English language.
- Desire to learn basics of accounting (No prior knowledge on accounting required).
- Need to make better and informed financial decision in life and/or Business.
Learn by doing
- Define accounting simply and understand the elements of accounting with certainty.
- Record transactions in Accounting Equation and ledger accounts and to Balance ledger accounts.
- Prepare Trail balance and develop an income statement and statement of financial position.
- Develop alternative and simple formats of an income statement and statement of financial positions to analyze periodical income and financial position based on customized needs.
- To make better financial decisions to improve income and financial position.