Basic Accounting Concepts.

Course Code

ACT-100

Duration

3 Days

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Course Overview

No matter which department or section a person is from, it is absolutely essential to acquaint oneself with money matters and financial implications. This course is an eye opener which enables participants to learn and understand the accounting concepts in general and their application within business organizations.

Course Schedule

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Target Audience

Anyone in an organization especially those working in accounting functions

Course Prerequisites

Good command of English

Good numerical ability

Expected Accomplishments

At course completion , the candidates will have an understanding of:

Double-entry accounting concepts in general

Books of primary entry and passing journal entries

Books of final entry and ledger posting

Trial balance and suspense accounts

Closing the books final accounts

Preparing financial statements

Course Outline

Accounting and the business environment

Understanding and applying the Accounting Equation

Concepts and conventions of assets, liabilities and capital

Role of journal and ledger

Preparing journal entries

Ledger posting and balancing

Trial Balance and Suspense Accounts

Income Statement and Balance Sheet.