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Intensive Basic Financial Accounting

Why is this important?
This intensive course covers an overview of the accounting process: starting from journal entries to ledger postings and ending with the preparation of the income statement and balance sheet. Relevant basic accounting principles and concepts are also explained.

Many typical business transactions will be analysed. All the participants will go through the accounting process up to the preparation of the income statement and balance sheet. Participants will be given numerous worksheets for hands-on practice of the accounting process.

How will you benefit?
After the workshop, you will be able to:
- understand common accounting principles and concepts
- identify the types of common source documents
- know how typical business transactions are recorded
- identify the types of accounts to use
- pass journal entries
- know when to use the general journal and special journals
- post journal entries to ledgers
- avoid common accounting entry adjustments required by Auditors
- know what to post to the main and subsidiary ledgers
- prepare a bank reconciliation statement
- extract a Trial Balance
- prepare basic Income Statement and Balance Sheet

What will you learn?
Understanding accounting concepts and terminologies
- Accounting principles and concepts
- Types of accounts
- Structures of the Income Statement and Balance Sheet
- The accounting equation
- When to Debit or Credit

Recording Business Transactions
- Analysis of typical business transactions for recording purpose
- Journal entries
- Special journals
- Cash Book
- Petty Cash Book
- Main and subsidiary ledgers
- Ledger postings
- Balance day adjustments for accruals and prepayments
- Provisioning for depreciation and doubtful debts

Preparing Final Accounts
- Balancing of ledger accounts
- Closing of accounts
- Trial balances
- Income statement
- Balance sheet

Maintaining Proper Accounting Records
- Understanding the guidelines by tax authorities
- Areas of focus by tax authorities and supporting documents

Who should attend?
For anybody who does not have any accounting knowledge but wishes to know how the Income Statement and Balance Sheet are prepared from common business transactions.


Event Date: 21 March 2017 - 22 March 2017 Contact Person: Ms Florence Quak
Venue: Singapore Management University, 90 Stamford Road, Singapore 178903 Email:
Country: Singapore Tel: 62204008

Registration Website: http://eontraining.com.sg/courses/public-courses/finance/intensive-basic-financial-accounting/

Submitted by EON Consulting & Training Pte Ltd, Effective Outsource Networks on Tuesday, 21 March 2017 at 9:00 AM
Category: Business
 
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