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.