5 Topics
5 Days
Programme Overview
Training Description
Who Should Attend?
This training course is ideal for:
Accounting for Non-Accountants is a training course that is intended for employees who are either interested in accounting or who are required to use accounting information in their roles and responsibilities. Those people who do not currently work in the accounting function or who do not have any prior accounting training are the specific target audience for this course. Although it is appropriate for a diverse spectrum of people, it is especially pertinent for the following instances:
- Managers
- Administrators
- Marketing Team
- Procurement and Logistics Team
- SMEs and Fintechs
- Business Owners
- Divisional Controllers
About the Course
The purpose of this course is to provide a complete introduction to the role that accounting plays in supporting and informing all business decisions throughout the organisation. Those individuals who access, use, and rely upon accounting information but do not have any prior knowledge or experience in accounting are the target audience for this product. By taking this training course, you will be introduced to the essential principles of accounting, which will be presented to you in a language that is easy to understand. Through participation in this training course on accounting for non-accountants, participants will get a comprehensive comprehension of the architecture of the accounting system, the information that it contains, and the accessibility of that information. You will gain an understanding of how the information on company transactions and activities that are fed into the accounting system is utilized throughout the organization by gaining knowledge from a comprehensive collection of practical examples and illustrations. Once you have gained this knowledge, you will have an understanding of how accounting provides critical assistance to routine operations, decision-making, and effective corporate control.
Course Highlights
- Accounting system structure
- Creating fair and realistic financial reports
- Using financial statements to analyze a business
- Calculating the costs of items and activities
- Creating budgets to support our strategic plans
Methodology
The instructor led trainings are delivered using a blended learning approach and comprises of presentations, guided sessions of practical exercise, web- based tutorials and group work. Our facilitators are seasoned industry experts with years of experience, working as professional and trainers in these fields.
General Notes
a) This course will be delivered by our experts and professionals in data analysis with vast experience. The workshop will be highly interactive
b) Training manuals and additional reference materials are provided to the participants.
c) Upon successful completion of this course, participants will be issued with a certificate.
d) The training will be conducted by PB Institute of Research and Technology
e) The training fee covers tuition fees, training materials, lunch and training venue. Accommodation and airport transfer are arranged for our participants upon request.
f) One-year post-training support Consultation and Coaching provided after the course.
g) Payment should be sent to our bank account before the start of training and proof of payment sent to. admin@pbinstituteofresearch.co.ke and CC ogachdniel@gmail.com
Curriculum & Topics
5 Topics | 5 Days
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Subtopic 1.1:
Significance of Accounting
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Subtopic 1.2:
Fundamentals of Financial Accounting
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Subtopic 1.3:
The Double-entry Rule
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Subtopic 1.4:
Accounting System
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Subtopic 1.5:
Control Systems and Reconciliations
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Subtopic 1.6:
Preparation for the Income Statement and Balance Sheet
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Subtopic 2.1:
Forms of Business Entity
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Subtopic 2.2:
The Format for Accounting Statements
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Subtopic 2.3:
Depreciation and its calculation
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Subtopic 2.4:
Amortization and its adjustment
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Subtopic 2.5:
Inventory Valuation
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Subtopic 2.6:
Accounting for Sales Taxes and Profit Taxes
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Subtopic 2.7:
Preparing the Cash Flow Statement
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Subtopic 3.1:
Understanding Accounting Standards
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Subtopic 3.2:
The Importance of Financial Reporting Standards
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Subtopic 3.3:
The Financial Reports of Listed Public Companies
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Subtopic 3.4:
Finding Useful Information in the Annual Financial Report
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Subtopic 3.5:
What are Group Financial Reports?
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Subtopic 3.6:
Preparing a Simple Group Balance Sheet
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Subtopic 3.7:
Interpreting the Financial Statements using Common-size Analysis
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Subtopic 3.8:
Financial Statements Analysis Using Ratios
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Subtopic 3.9:
Where to Find Published Analysis on Companies
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Subtopic 4.1:
The Role and Purpose of Management Accounting
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Subtopic 4.2:
Responsibility Accounting
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Subtopic 4.3:
Cost Classification
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Subtopic 4.4:
Preparing Product and Service Cost Summaries
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Subtopic 4.5:
Absorption Costing vs. Activity-Based Costing
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Subtopic 4.6:
Separating Fixed and Variable Costs
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Subtopic 4.7:
Break-even Analysis and Applications
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Subtopic 5.1:
• Budgets and Budgetary Control
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Subtopic 5.2:
• Developing the Annual Budgets
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Subtopic 5.3:
• The Benefits and Limitations of Budgets
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Subtopic 5.4:
• Preparing Functional Budgets
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Subtopic 5.5:
• Preparing a Cash Budget
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Subtopic 5.6:
• Alternative Budgeting Methods
