Bookkeeping Basics: Essential Training for Non-Accountants is a training course designed to coach its participants in learning how to record financial transactions the right way.It is important to have an accurate bookkeeping because this will let you see a clearer picture of a company’s financial health.Expect an Integrated learning experience with relative discussions and practical exercises. So you can understand how financials flow from the eyes of a bookkeeper.
By the end of the seminar, participants will be able to:
- To have a general understanding of the importance of Accounting and Bookkeeping in the Financial Management side of Business.
- To be knowledgeable of the proper way to record Financial Transactions in Journals and in the General Ledger.
- To be able to prepare, analyze and adjust the 4 Financial Statements (Balance Sheet, Income Statement, Cash Flow Statement, and Statement of Changes in Equity).
- To learn how to Account for Cash, Inventory, Sales and Receivables
- To be confident when bookkeeping through actual practice sets.
- To appreciate Accounting and Bookkeeping in a relative and engaging way.
• Aspiring Entrepreneurs
• Business Owners
• Accounting Students
• Accounting Professionals
• Other Professionals
• And anyone who wants to Learn Accounting
1.1 The Need for Accounting in Business
1.2 Business and its Motive
1.3 The Decision Makers
2. The Accounting Structure of a Business
2.1 Forms of Business Organization
2.2 Types of Business Operations
2.3 The Chart of Accounts
2.4 The Business Forms
2.5 The Book of Accounts
2.6 The Accounting Equation
2.7 The Accounting Period
2.8 The Statement of Capital
3. Determining Income from Operations
3.1 Revenues, Expenses, Net Income and Net Loss
3.2 Cash and Accrual Methods of Bookkeeping
3.3 Depreciation of Fixed Assets
3.4 Income Statement for a Service Company
3.5 Income Statement for a Merchandising Company
3.6 Income Statement for a Manufacturing Company
4. The Bookkeeping Cycle (The Accounting Process)
4.1 The Recording of Transactions
4.2 Posting to the General Ledger
4.3 Preparation of Trial Balance
4.4 Preparation of Adjusting Entries
4.5 Preparation of Financial Statements
4.6 Closing the Books of Accounts
4.7 The Revising Entries
5. The Worksheet
5.1 Accounting for Cash
a. Bank Reconciliation
b. The Petty Cash Fund
c. Policies and Procedures for Cash Receipts and Disbursements
d. Cash Flow Statement
5.2 Accounting for Inventory
a. The Use of Stock Cards
b. Inventory Cost Method
5.3 Accounting for Sales and Receivables
a. Cash Sales versus Credit Sales
b. Sales Returns and Discounts
c. Accounting for Bad Debts
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The people behind TrendStatic are Certified Public Accountants, IT professionals and successful entrepreneurs tested by time and experience. We live and breathe as a single unit, bound by our beliefs, culture, and purpose. This enables us to persistently work in harmony like a tight family. When we got your back, you don’t have to worry for a second.