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Home Solutions Understand the basic Accounting Equation and the nature of each equation elements.
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The risk of financial statements misinterpretation is high if one is not equipped with basic accounting knowledge; of which wrong operational and/or management decision making might be made which subsequently resulted into resource wastages for the company in the short run and jeopardize its continuity in the long run. Our working environment today has evolved with the sensitivity of cost behaviour where end state of stake-holders objective is to optimize its scare resource. This course teaches fundamental Accounting Principles together with illustration. Participants will be shown step-by-step examples with double entries impacting the respective journal. Thereafter, there will be hand on exercises with answer provided after the sharing session.
Upon completion of this workshop, participants will be able to:
TARGET AUDIENCE
Non-Finance professionals who wish to understand accounting fundamentals before moving on to analyzing financial statements so as to value-add to their own department and the Company.
The risk of financial statements misinterpretation is high if one is not equipped with basic accounting knowledge; of which wrong operational and/or management decision making might be made which subsequently resulted into resource wastages for the company in the short run and jeopardize its continuity in the long run.Our working environment today has evolved with the sensitivity of cost behaviour where end state of stake-holders objective is to optimize its scare resource.This course teaches fundamental Accounting Principles together with illustration.Participants will be shown step-by-step examples with double entries impacting the respective journal. Thereafter, there will be hand on exercises with answer provided after the sharing session.Lesson 1: Types of Financial Statements (FS)
Lesson 2: Introduction to Balance Sheet (B/S)
Lesson 3: Introduction to Profit & Loss Statement (P/L)
Lesson 4: Relationship between B/S and P/LLesson 5: Difference between Trading FS and Manufacturing FSLesson 6: Fundamental Accounting Principles
Lesson 7: How transaction flows within the FSLesson 8: Recording & relevance of common adjustments at year endLesson 9: Importance of FS for Annual Return & how it affect a business continuityLesson 10: Relating to real life business situation
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