Accounting for Non-Accountants - Virtual Learning

Course Objectives

Accounting for Non-Accountants - Virtual Learning

Course Objectives

By the end of the course, participants will be able to:

  • Define accounting and the accounting cycle
  • Demonstrate knowledge of the basic accounting equation, double-entry bookkeeping, and the new automated accounting systems
  • List the key financial statements (balance sheet, income statement, changes in shareholders’ equity and cash flow statement) and their components
  • Practice financial statements’ adjustments at month and year-end

Target Audience

Managers, supervisors and staff from any function who need to improve their understanding, application and techniques of the language of numbers.

Target Competencies

  • Accounting for business transactions
  • Preparing income statements
  • Preparing balance sheets
  • Using debits and credits

Course Outline


    • Definition of accounting
    • Users of accounting information
    • Basic financial statements
    • The corporation defined
    • Presentation of accounting information by different business entities
  • Double-entry accounting
    • The accounting equation
    • Traditional double-entry bookkeeping
    • Your asset is his liability
    • The chart of accounts
    • The general journal
    • The general ledger
    • The trial balance
  • Income statements
    • Defining the income statement
    • Defining revenue and its recognition
    • Defining expenditures and their classifications
    • Calculating profit
    • Gross profit
    • Operating profit
    • Net profit
    • The income statement illustrated
  • Net equity
    • Defining capital stock
    • Dividends are not an expense
    • Retained earnings - not the same as cash
  • The balance sheet and its components
    • Defining the balance sheet
    • Assets
    • Liabilities
    • Equity
    • Current versus non-current assets and liabilities
    • The balance sheet illustrated
  • Cash flow statement
    • Defining the statement of cash flows
    • Classification of cash flows
      • Operating activities
      • Investing activities
      • Financing activities
    • Overview of the cash flow statement 
  • Adjustments to financial statements
    • The accrual concept
    • Accruals and prepayments
    • Depreciation
    • Bad debts
    • Provisions for contingencies

Per participant


Fees + VAT as applicable

Tax Registration Number : 100239834300003

Discount Plans & Cancellations Policy