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PRODID:-//McTimothy Associates
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X-WR-CALNAME:McTimothy Associates
X-ORIGINAL-URL:https://www.mctimothyassociates.com/product/accounting-book-keeping-skills-for-non-accountant-and-smes-owners/
X-WR-CALDESC:ACCOUNTING & BOOK KEEPING SKILLS FOR NON-ACCOUNTANT AND SMEs OWNERS
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DTSTART;TZID=Europe/Paris:20200204T100000
DTEND;TZID=Europe/Paris:20200206T100000
SUMMARY:ACCOUNTING & BOOK KEEPING SKILLS FOR NON-ACCOUNTANT AND SMEs OWNERS
DESCRIPTION:COURSE COVERAGE INTRODUCTION Accounting is the language of business. By attending this course you will learn the fundamentals of accounting, reading and analysing financial statements. You will also appreciate the relationship between accounting and finance and understand the use of debits and credits. Finally, this course will help you to record financial transactions accurately and summarize them in financial statements.  Course Methodology  This course uses a mix of interactive techniques, such as brief presentations by the consultant and the participants, in addition to demonstrating theoretical core accounting topics. The course also features real-life case studies that are discussed, solved and presented by participants.  Course Objectives  By the end of the course, participants will be able to:  Define accounting and the accounting cycle  Identify the major rules and principles of accounting under the International Financial Reporting Standards (IFRS)  Demonstrate knowledge of the basic accounting equation, double-entry bookkeeping, and the new automated accounting systems  List the key financial statements (balance sheet, income statement, changes in shareholders’ equity and cash flow statement) and their components  Practice financial statements’ adjustments at month and year-end  Target Audience  Managers, supervisors and staff from any function including the accounting department who need to improve understanding, application and techniques of the language of numbers.  Target Competencies  Accounting for business transactions  Preparing income statements  Interpreting balance sheets  Analyzing cash flow statements  Preparing adjustment entries  Using debits and credits  Applying international financial reporting standards  Course Outline  Introducing accounting and financial statements  Definition of accounting  Users of accounting information  Basic financial statements  The corporation defined  Presentation of accounting information by different business entities  International financial reporting standards  The International Accounting Standards Board (IASB)  Introduction to IFRS  Main differences between IFRS and US Generally Accepted Accounting Principles (GAAP)  Double-entry accounting  The accounting equation  Traditional double-entry bookkeeping  Your asset is his liability  The chart of accounts  The general journal  The general ledger  The trial balance  Modern bookkeeping: automating transactions  Income statements  Defining the income statement  Defining revenue and its recognition  Defining expenditures and their classifications  Calculating profit  Gross profit  Operating profit  Net profit  The income statement illustrated  Net equity  Defining capital stock  Dividends are not an expense  Cash dividends, stock dividends and stock split  Definition of treasury stock  Retained earnings - not the same as cash  The balance sheet and its components  Defining the balance sheet  Assets  Liabilities  Equity  Current versus non-current assets and liabilities  The balance sheet illustrated  Cash flow statement  Defining the statement of cash flows  Cash and cash equivalents  Classification of cash flows  Operating activities  Investing activities  Financing activities  The cash flow statement illustrated  Adjustments to financial statements  The accrual concepts  Accruals and prepayments  Depreciation  Bad debts  Provisions for contingencies  Duration: 3 days Class Session : 10:00am – 4:00pm each day including Breakfast and Lunch time Customize Your Training This training solution and other training topics from McTimothyAssociates are currently available as residential/in-house option. Please Note McTimothy Associates Reserves the right to postpone or cancel a course due to unforeseen circumstances beyond our control. In such cases delegate(s) will be registered for the next run of the Course.
URL:https://www.mctimothyassociates.com/product/accounting-book-keeping-skills-for-non-accountant-and-smes-owners/
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