Accounting & Finance Course

Learn how to balance your books and develop the skills to manage finances in personal and business environment.

Accounting knowledge and skills always make good investments

Accounting courses teach you the “language of business” so you understand terms and concepts used in business decisions. If you understand how accounting information is prepared, you will be in an even stronger position when faced with a management decision based on accounting information.

Sound accounting and financial knowledge is critical to business success. Today’s fast-paced business environment demands a dynamic blend of finance expertise, strategic thinking and a highly practical approach. Today’s executives are entitled to having a complete understanding of accounting and finance, in order to maximize the profitability of their companies.

A 20 hours accounting course is designed for individuals without accounting background but who need to understand and appreciate how business transactions are recorded, summarized, and interpreted for commercial decision-making purposes. You will master common terms, basic calculations and gain the ability to put your knowledge into practice. After this course you will be able to perfectly balance your books and understand how concepts of profit and loss lead to revenue or debt.

Through a series of exercises, participants get a hands-on experience on the practical application of theories and concepts of accounting process from transaction till the finalization of accounts. This course provides the necessary skills in a relatively short span of time and can be conveniently pursued with existing job or studies.

Who is the course for?

This course is for anyone wanting an introduction to bookkeeping and accounting. It might be of particular interest to business owners, people who are self-employed or those wanting to better manage their own finance. You don’t need any previous experience.

Course Content

  1. Introduction to Accounting

Need and Importance – Book-keeping – Accounting – Accountancy, Accounting and Book-keeping – Users of accounting information – Branches of accounting – Basic accounting terms.

After studying this session, you will be able to:

  • understand the Need, Meaning, Definition, Objectives and Advantages of Book-Keeping.
  • know the Need, Definition, Objectives and Process of Accounting.
  • distinguish between Book-Keeping and Accounting.
  • identify the Users of Accounting Information and their Need.
  • know the Basic Accounting Terms.

 

  1. Basic Accounting Procedures I – Double Entry System of Book-Keeping:

Double entry system – Account – Golden rules of accounting.

After attending this session, you will be able to:

  • understand the Meaning, Features and Advantages of Double Entry System
  • know the Meaning and Types of Accounts.
  • identify the Accounting Rules.

 

  1. Basic Accounting Procedures- II – Journal

Source documents – Accounting equation – Rules for debit and credit – Books of original entry – Journal – Illustrations.

After attending this session, you will be able to:

  • understand the Origin of Transactions – Source Documents.
  • understand the Concept of Accounting Equation.
  • know the Rules of Debit and Credit.
  • know the Meaning and the Preparation of Journal.
  • bring out the Advantages of Journal.

 

  1. Basic Accounting Procedures III – Ledger

Meaning – Utility – Format – Posting – Balancing an account – Distinction between journal and ledger.

After attending this session, you will be able to:

  • understand the Meaning and Procedure for posting.
  • know the Procedure for Balancing and the Significance of Balances.
  • know the Relationship between Journal and Ledger.

 

  1. Trial Balance and Rectification of Errors

Definition – Objectives – Advantages – Methods – Format – Sundry debtors and creditors – Limitations – Errors in accounting – Steps to locate the errors

After attending this session, you will be able to:

  • know the Meaning, Objectives and Preparation of Trial Balance.
  • identify the Kinds of Errors.
  • understand the Procedure for Rectification of Errors.

 

  1. Final Accounts

Parts of Final Accounts – Trading account – Profit and loss account – Balance sheet – Preparation of Final Accounts.

After attending this session, you will be able to:

  • know the Meaning, Purpose, Content and Format of Trading, Profit and Loss Account and Balance Sheet.
  • understand the Differences between Trial Balance and Balance Sheet.
  • prepare the Final Accounts