Accounting Basics Training: Master Financial Fundamentals

Course Description

This comprehensive 5-day Accounting Basics Training course provides a solid foundation in essential accounting principles and practices. Participants will learn fundamental bookkeeping techniques, financial statement preparation, and key accounting concepts. The course is designed for beginners and those looking to refresh their accounting knowledge.

Learning Objectives

• Understand and apply basic accounting principles and concepts
• Master double-entry bookkeeping and maintain accurate financial records
• Prepare and interpret basic financial statements
• Gain proficiency in managing accounts payable and receivable
• Learn essential business tax and payroll accounting fundamentals

Course Modules

Day 1: Introduction to Accounting

• Accounting fundamentals and terminology
• The accounting equation and its components
• Types of accounts and the chart of accounts
• Basic bookkeeping principles

Day 2: Double-Entry Bookkeeping

• Double-entry system and T-accounts
• Recording transactions and journal entries
• Posting to ledger accounts
• Trial balance preparation

Day 3: Financial Statements

• Income statement preparation and analysis
• Balance sheet components and structure
• Cash flow statement basics
• Interpreting financial statements

Day 4: Accounts Payable and Receivable

• Managing accounts payable processes
• Accounts receivable and credit management
• Bank reconciliations
• Petty cash management

Day 5: Payroll and Tax Basics

• Payroll accounting fundamentals
• Basic business tax concepts
• Year-end accounting procedures
• Introduction to accounting software

Practical Wins for Participants

• Ability to maintain accurate financial records for small businesses
• Skills to prepare and understand basic financial statements
• Proficiency in managing accounts payable and receivable processes
• Understanding of fundamental payroll and tax accounting principles