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AF13

FUNDAMENTALS OF ACCOUNTING

Introduction

In today’s business world, accounting is considered the language of money and business, and an indispensable tool for understanding financial performance and making sound decisions.
This training course aims to equip participants with essential knowledge of accounting concepts and principles, and how to prepare and analyze financial data.
Whether you are new to accounting or seeking to enhance your financial skills, this course will set you on the right path to confidently understand accounting standards and practices.

 

Who Should Attend

  • New employees in finance or accounting departments.
  • Owners of small and medium enterprises.
  • Administrators who need to understand financial reports.
  • Students and researchers seeking practical accounting basics.
  • Anyone wishing to build a solid foundation in accounting.

 

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Course Contents

Day 1: Introduction to Accounting

  • Definition of accounting and its importance in the business world.
  • Basic accounting principles (GAAP).
  • Types of accounting (Financial – Managerial – Tax).
  • The accounting process cycle.

Day 2: Basic Financial Statements

  • Balance Sheet: concept and components.
  • Income Statement: how to prepare and interpret it.
  • Cash Flow Statement.
  • Practical examples of preparing financial statements.

Day 3: Recording Financial Transactions

  • Concept of journal entries.
  • Accounts and their types (Assets, Liabilities, Equity).
  • Practical application on recording daily transactions.
  • Using the Journal and the Ledger.

Day 4: Adjustments and Preparing Final Accounts

  • Concept and importance of adjusting entries.
  • Preparing a post-adjustment trial balance.
  • Preparing the final financial statements for the fiscal year.

Day 5: Practical Applications and Comprehensive Review

  • Solving real-life accounting case studies.
  • Group workshop: preparing a complete accounting cycle.
  • General review of the fundamental concepts.
  • Evaluation tests, course conclusion, and certificate distribution.

 

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