Basic Accounting

VTeach Pte Ltd


Course introduction

Accounting is the recording of financial transactions such as profits, losses, credits and debits plus storing, sorting, retrieving, summarizing and presenting the information in various reports and analyses. Regardless of which job title you fall into, the truth is all employees should learn the basic principles of accounting and develop a knack for managing the financial aspects of a business. It is important for all people, not just accountants or business owners, to have a basic understanding of accounting.



Course Benefits


By the end of this workshop, participants will be able to:

  • 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.



Target Audience


For any individual who do not have any background knowledge of accounting and wish to learn the basics of accounting concepts which is an important advantage of any job role.



Course Outline


Module One: Getting Started

  • What is accounting
Module Two: Basic Terminology
  • Balance Sheet
  • Assets
  • Liabilities
  • Equity
  • Income Statement
  • Revenue
  • Cost of Goods Sold
  • Expenses
  • Accounting Period
Module Three: Basic Terminology
  • Accounts Receivable
  • Accounts Payable
  • Depreciation
  • General Ledger
  • Interest
  • Inventory
  • Journals
  • Payroll
  • Trial Balance
Module Four: Accounting Methods
  • Cash Method
  • Accrual Method
  • Differences between Cash and Accrual
Module Five: Keeping Track of Your Business
  • Accounts Payable
  • Accounts Receivable
  • The Journal
  • The General Ledger
  • Cash Management
Module Six: Understanding the Balance Sheet
  • The Accounting Equation
  • Double-Entry Accounting
  • Types of Assets
  • Types of Liabilities
  • Equity
Module Seven: Other Financial Statements
  • Income Statement
  • Cash Flow Statement
  • Capital Statement
  • Budget vs. Actual
Module Eight: End of Period Procedures
  • Depreciating Your Assets
  • Reconciling Cash
  • Reconciling Investments
  • Working with the Trial Balance
  • Bad Debt
  • Posting Adjustments and Corrections



Available Course Sessions


Please click here to stay updated on upcoming sessions.



Trainer Profile


ACTA and Microsoft Certified

VTeach appoints experienced trainers who are knowledgeable on wide range of topics and skillful at teaching in the interesting and simple way. We invest a lot of time finding the right trainers and have fantastic team working for us.
Our trainers are all qualified who are ACTA and Microsoft Certified.



 

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