Principles of Accounting: An Introduction to Concepts, Uses and Methods
BackScheduled Date: | Sunday, September 11, 2011/Thursday, September 15, 2011 |
Training Provider: | Meirc Training & Consulting |
Type: | Training course |
City: | Abu Dhabi |
Country: | United Arab Emirates |
Sector: | Finance |
Languages : | English |
Program Objectives:
By the end of the program, participants will be able to:
* Identify the importance of accounting in running businesses.
* Explain the accounting cycle process.
* Perform hands-on analysis and recognition of accounting transactions.
* Account for assets, liabilities and equities.
* Effectively prepare balance sheets and income statements.
This Program is designed for:
Professionals in the field of finance and accounting, managers seeking to enhance accounting knowledge. This program is worth 25 NASBA CPEs.
Program Fees:
Per participant - USD 3700
Frequent nomination - USD 3330
(including coffee breaks and a buffet lunch daily)
One extra free place for every 2 paid nominees on the same program and dates
Discount Plans, Refunds & Cancellations Policy
Meirc reserves the right to alter dates, content, venue and trainer with a reasonable notice time.
Program Outline:
Importance of Accounting in Business
* The Role of Accounting
* The Fundamental Equation of Accounting
An Overview of Accounting Cycle
* Seven Basic Steps of the Accounting Cycle
- Journalizing Transactions
- Posting Transactions
- Preparing Trial Balance
- Preparing Financial Statements
- Journalizing Adjusting Entries
- Closing Entries
- Preparing Post-Closing Trial Balance
Analyzing Transactions
* Using Accounts to Summarize Transactions
* The Rules of Debits and Credits
* Preparing Trial Balance (TB)
The Matching Principle
* Accrual versus Cash Basis Accounting
* Adjusting Entries and Adjusted TB
Accounting for Assets
* Cash
* Receivables
* Inventory
* Fixed Assets
* Intangible Assets
Accounting for Liabilities and Equity
* Current Liabilities
* Long-Term Liabilities
* Equity Capital
* Retained Earnings
Preparing Financial Statements
* Balance Sheet
* Income Statement
* Statement of Owners Equity
Pre-requisites
None
Delivery Type
Group-Live