Accounting for Non-Accountants

Description

Sound knowledge of Financial Accounting is a major ingredient for success in every organization; be it private or public entities. There is hardly any organization in the world whether small, mid-sized, or blue-chip that does not render some level accounts of its operations from time to time; hence the need for accounting experience for all major personnel in the organization, especially at the strategic level. Every business or administrative manager should have some level of accounting that will enable them to make sound judgments and reasonable business decisions at every point in time. Decisions that do not have sound financial logic basis are no better than a gamble in the dark.
Therefore, it is imperative that business and organizational leaders without core accounting background are exposed to some basic and fundamental training in accounting so that they be abreast of what the Accountants in the organization are doing and also to be able to make meaningful contributions to financial discussions.

Learning Outcomes
At the end of this course, participants will have the ability to carry out some financial analysis that can reveal the reality behind the numbers. They will be able to interpret financial statements and policies. They will be able to effectively engage trained accountants on taking certain business decisions with a proper understanding of the effects of their decisions on the entire business. Participants will be exposed to requirements for financial reporting standards required by the law.

Course Outline
 Module-1 Accounting Fundamentals
 What is Accounting?
 History Of Accounting
 Accounting Principles and concepts
 The Double Entry Principles
 Accounting Equation

 Module-2 Books Of Accounts, General Ledger
 What are sub-ledgers/subsidiary books?
 What is General Ledger?
 How to keep records in the general ledger and sub-ledgers
 What is a Trial Balance?
 How to prepare a Trial Balance

 Module 3-Cash Book and Bank Reconciliation
 What is Cashbook?
 How to keep a cashbook and a Petty Cash Book
 How to Prepare a Bank Reconciliation Statement

 Module 4-Profit or Loss Account and Adjustments
 What is a Profit or Loss Account?
 Components of Profit or Loss Account
 How to Prepare a Profit or Loss Accounts
 Adjustments to Profit Or Loss Account

 Module 5-Statement Of Financial Position: Balance Sheet
 What is a Statement Of Financial Position?
 Components of Statement Of Financial Position
 How to Prepare a Statement Of Financial Position
 Adjustments to Statement Of Financial Position

 Module 6-Statement Of Cash Flow
 What is a Cashflow Statement?
 Components of Cashflow Statement
 How to Prepare a Cashflow Statement
 Adjustments to Statement Of Financial Position

 Module 7-Cash-Projection/Forecast
 What is Cash Projection?
 The components of Cash Projection
 How to prepare a cash projection/forecast?

 Module 8-Ratio Analysis
 What is Ratio Analysis?
 Different types of ratio analysis and their interpretations

 Module 9-IFRS
 What is IFRS?
 Various IFRS Standards as it relates to the preparation Of Financial Statements

 Module 10-Accounting and IT
 Importance of IT in Accounting
 What is an Accounting Package and an ERP Application
 A Practical demonstration of Quickbooks

 Module 11-Accounting and Excel
 What is Excel
 Basic Functions in Excel
 Practical demonstration on how to build invoice template in Excel

 Module 12-Introduction to Financial Management
 What is Financial Management?
 Financial Management Tips
 Basic Financial Management calculations
 Module 13-Audit and Internal Controls
 What is Audit?
 Basic available controls in the Finance department

 Module 14-Tax
 What is Tax?
 Different types of Tax in Nigeria
 Tax Management and Tax Administration in Nigeria

Mode Of Delivery

• Virtual Class with instructor-led class exercises and project-based/assignments learning methodology
• 12hours of learning sessions, spaced over a period of 4 days
• Course material and Course Certificate will be issued
• Course video available on demand
• Face- to- Face learning available on request