Fundamentals of Bookkeeping and Basic Accounting for Non-Accountants

OBJECTIVES
• To gain an understanding of the basic accounting concepts, procedures and processes in a simple and practical way.
• To be able to learn actual applications of said concepts, procedures and processes through a series of workshops.
• To be able to appreciate and know the importance of the financial accounting reports and information for a better decision making.

CONTENT
• Introduction
• Accounting Definition
• Users of Financial Accounting Information
• Basic accounting Concepts and Principles
• Accounting Equation and the Rules of Debit and Credit and the Double Entry Bookkeeping System
• Accounting Cycle, i.e., analyzing, recording, classifying, summarizing and interpreting
• Common Types of Accounting Transactions and their Impact on the Accounting Equation
• Books of Accounts
• Importance and Legal Basis for the Use of Books of Accounts
• Different Types of Books of Accounts (Journals and Ledgers)
• Use and Definition of Each Book of Accounts
• Recording Information on Each Book of Accounts
• Basic Financial Statements and its Preparation
• Components of the Basic Financial Statements (applicable to every type of business organization)
• Contents and Use of Each Basic Financial Statement
• Simple Analysis of Financial Statements

FOR WHOM:
Accountants, Auditors and other Financial Managers in both the Public and Private Sectors.

Methodology
The training methodology integrates lectures, interactive discussions, collaborative group exercises, and illustrative examples. Participants will acquire a blend of theoretical insights and hands-on practical experience, emphasizing the application of learned techniques. This approach ensures that attendees return to their professional environments equipped with both the competence and self-assurance to effectively implement the acquired skills in their responsibilities.
DATE:
1ST BATCH: 8th – 11th Apr, 2025
2ND BATCH: 21st – 24th Oct 2025