Accounting for Non-Accountants
Why Attend
Accounting is the language of business. By attending this course you will learn fundamentals of accounting, reading and analysis of 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 accurately record financial transactions 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:
I. Define accounting and the accounting cycle
II. Identify the major rules and principles of accounting under the International Financial Reporting Standards (IFRS)
III. Demonstrate knowledge of the basic accounting equation, double-entry bookkeeping, and the new automated accounting systems
IV. List the key financial statements (balance sheet, income statement, changes in shareholders’ equity and cash flow statement) and their components
V. 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 and application and techniques of the language of numbers.
Target Competencies
1. Accounting for business transactions
2. Prepare income statements
3. Interpret balance sheets
4. Analyze cash flow statements
5. Prepare adjustment entries
6. Use debits and credits
7. Apply International Financial Reporting Standards (IFRS)
Associations
National Association of State Boards of Accountancy (NASBA) : Ciel Consulting

Training & Consulting is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website
Course Outline
1. Introducing accounting and financial statements
2. Definition of accounting
3. Users of accounting information
4. Basic financial statements
5. The corporation defined
6. Presentation of accounting information by different business entities
7. International Financial Reporting Standards (IFRS)
8. The International Accounting Standards Board (IASB)
9. Introduction to IFRS
10. Main differences between IFRS and US Generally Accepted Accounting Principles (GAAP)
11. Double-entry accounting
12. The accounting equation
13. Traditional double-entry bookkeeping
14. Your asset is his liability
1. The chart of accounts
2. The general journal
3. The general ledger
4. The Trial balance
5. Modern bookkeeping: automating transactions
6. Income statements
7. Defining the income statement
8. Defining revenue and its recognition
9. Defining expenditures and their classifications
10. Calculating profit
11. Gross profit
12. Operating profit
13. Net profit
14. The income statement illustrated
15. Net equity
16. Defining capital stock
17. Dividends are not an expense
18. Cash dividends, stock dividends and stock split
19. Definition of treasury stock
20. Retained earnings - not the same as cash
21. The balance sheet and its components
22. Defining the balance sheet
23. Assets
24. Liabilities
25. Equity
26. Current versus non-current assets and liabilities
27. The balance sheet illustrated
28. Cash flow statement
29. Defining the statement of cash flows
30. Cash and cash equivalents
31. Classification of cash flows
32. Operating activities
33. Investing activities
34. Financing activities
35. The cash flow statement illustrated
36. Adjustments to financial statements
37. The accrual concepts
38. Accruals and prepayments
39. Depreciation
40. Bad debts
41. Provisions

Date:

Location & Date
Port Harcourt
| Weekday | 6th – 8th Nov. | 3 Days | N40,000
| Weekend | 4th – 11th Nov.| 2 Weekend | N40,000

Address:
No 21 Oil Field Avenue, Off School Road Elelenwo, Port Harcourt.
+2348093982114 | +2347039147221| support@cielgr.com