Numbers! Numbers! Numbers! Wherever you go, you are bound to see them. On addresses, license plates, phones, prices, and of course, money! Numbers connect us all to each other in many more ways than we might imagine. Essentially, our world revolves around numbers. Some of us enjoy dealing with numbers while others may have a fear of them, or even a phobia. For those of you who have already recognized and appreciate the impact that numbers actually have on just about everything, you deserve a cookie.
What Is The Training Course Methodology?
This training course methodology depends on enabling participants to interact and exchange experiences, explore their competencies and achieve their career aspirations, using forward-thinking training arts, such as theoretical lectures and/or open discussion to exchange opinions and experiences, scenarios, innovative thinking brainstorming. Participants will receive an agenda including training material as a reference, in addition to some extra notes and booklets.
Who Should Attend This Training Course?
The training course is designed for technical and middle departments that help senior management in offering both the required information and analysis to make investment decisions, particularly,
Projects evaluation units
Information analysis and collection units
What Are The Training Course Objectives?
Understand basic accounting terminology
Identify the differences between the cash and accrual accounting methods
Keep track of your business by becoming familiar with accounts payable and accounts receivable
Use a journal and general ledger to document business financials
Utilize the balance sheet
Identify different types of financial statements
Uncover the reasons for and actually create a budget
Be familiar with internal and external auditing
What Is The Training Course Curriculum?
Basic Terminology (I)
Assets, liabilities, equity, and income statement
Cost of goods sold
Basic Terminology (II)
Interest, inventory, journals, payroll, and trial balance
Case study (I)
Differences between cash and accrual
Keeping track of your business
The general ledger
Case study (II)
Understanding the Balance Sheet
The accounting equation
Types of assets
Types of liabilities
Other financial statements
Cash flow statement
Budget vs. Actual
Payroll Accounting / Terminology
Employee tax withholding’s
Employer tax expenses
Tracking accrued leave
Government payroll returns/reports
End of Period Procedures
Depreciating your assets
Working with the trial balance
Posting adjustments and corrections
Financial Planning, Budgeting and Control
Reasons for budgeting
Creating a budget
Comparing budget to actual expenses
What is an audit?
When and why would you audit? Internal and external