This course allows students: Define the accounting cycle; discover how accounting affects their day to day business; Outline of the components of the financial statements; Perform accounting closing cycle; Get up to date with accounting terminology to enable them to perform more efficiently at work.

By the end of the program, participants will be able to:

• Define the accounting cycle.
• Discover how accounting affects their day-to- day business.
• Outline the components of financial statements.
• Perform every step of the accounting closing cycle.
• Get up-to-date with accounting terminology that will enable them to perform more effectively at work.

Accounting assistants, accounting trainees, junior accountants and administrative assistants working with accounts.

Introduction to Accounting

·         Purpose of Accounting

·         Users of Accounting Information

·         Accounting Process

·         Different Company Structures

The Double Entry Accounting

·         T-Accounts

·         7 Rules of Debits and Credits

·         Sub-Ledgers and General Ledgers

·         Trial Balance

Adjustment Process

·         Adjusting Assets and Liabilities:
o Accruals
o Deferrals

·         Adjusted Trial Balance

Closing Process

·         The Worksheet

·         Financial Statements:
o Income Statement
o Balance Sheet
o Statement of Owners Equity

·         Post-Closing Trial Balance

Assets

·         Cash

·         Receivables

·         Inventory

·         Fixed Assets

·         Depreciation and Accumulated Depreciation

·         Intangible Assets

Liabilities

·         Accounts Payable

·         Accrued Liabilities

·         Loans

Equity

·         Capital

o   Retained Earnings

o   Reserves

A variety of methodologies will be used during the course that includes:

·         (30%) Based on Case Studies

·         (30%) Techniques 

·         (30%) Role Play

·         (10%) Concepts

·         Pre-test and Post-test

·         Variety of Learning Methods

·         Lectures

·         Case Studies and Self Questionaires

·         Group Work

·         Discussion

·         Presentation

This rate includes participant’s manual, Hand-Outs, buffet lunch, coffee/tea on arrival, morning & afternoon of each day.

Daily Course Timings:

    08:00 - 08:20       Morning Coffee / Tea

    08:20 - 10:00       First Session

    10:00 - 10:20       Coffee / Tea / Snacks

    10:20 - 12:20       Second Session

    12:20 - 13:30       Lunch Break & Prayer Break

    13:30 - 15:00       Last Session