Skip to main content
Accounting For Non Accountants
Accounting For Non Accountants
Training Activity Rate
Trainer/s
عصام الملازم
Training activity Hours
15
Training activity Date
-
Training Activity Days
Sunday
Monday
Tuesday
Wednesday
Thursday
Start and End Time
17:00 - 20:00
Training Activity Classification
Finance
Course Language
English
Methodology
In class
City
Amman
Type of Training
short courses
Deadline for registration
Price For Jordanian
120 JOD
Price For Non Jordanian
300 US$
Outcomes

By the end of this training course, trainees will be able to :

-   Discuss the basic definition and principals of financial accounting and the basic equation of accounting.

-   Specify the accounting cycle.

-   Journalize and post the financial transactions of an entity.

-   Prepare adjusting journal entries and extracting an adjusted trial balance.

-   Prepare the financial statements of the entity.

-   Specify the inventory cycle, inventory systems and how to journalize the inventory transactions.

-   Identify the cost flow assumption of inventory valuation.

Target Group

-   Corporate staff and personnel who has no knowledge in accounting concepts but could have a need to acquire that knowledge such as:

-     IT Personnel

-     Human Recourses Personnel.

-     Sales Department Staff.

-     Procurement and Warehousing Staff.

-     Other Staff who interact with accounting and finance department.

Contents

-   Basic principles:

-     Defining the financial accounting profession and it’s principles and assumptions.

-     State the accounting equation, and define its components (Assets, Liabilities and Owners’ Equity).

-     Analyze the effects of business transactions on the accounting equation.

-   The recording process:

-     Describe how accounts, debits, and credits are used to record business transactions.

-     Indicate how a journal is used in the recording process.

-     Explain how a ledger and posting help in the recording process.

-     Prepare a trial balance.

-   Adjusting the accounts:

-     Explain the accrual basis of accounting and the reasons for adjusting entries.

-     Prepare adjusting entries for deferrals.

-     Prepare adjusting entries for accruals.

-     Preparing adjusted trial balance.

-   Completing the accounting cycle and financial statements:

-     Prepare closing entries and a post-closing trial balance.

-     Preparing the financial statements.

-     Statement of financial position (balance sheet).

-     Statement of income.

-     Statement of changes in owners’ equity.

-   Inventory accounting:

-     Describe merchandising operations and inventory systems.

-     Record purchases and sales under a perpetual inventory system.

-     Record purchases and sales under a perpetual inventory system.

-     Understanding the cost flow assumptions (FIFO, LIFO, Weighted Average and Specific Identification).

-   Fixed Assets Accounting:

-     Determining the initial cost of fixed assets.

-     Understanding and calculating the depreciation cost and determine the net book value of the assets.

-     Derecognition of fixed assets accounting.

-   Revenue Recognition Principle:

-     Revenue recognition of goods (at point of sale).

-     Revenue recognition of services.

-     Accounting of sales returns and sales discounts.

-   Account Receivables Accounting:

-     Recognition of account receivables.

-     Valuation of account receivables (Including accounting for bad debt expenses).

 

This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.