Every organisation that handles money needs a reliable way to capture what happens to it, and that reliability starts with how well its people register transactions. This course puts that idea into practice through a "learning by doing" approach, working through interactive exercises rather than theory alone.

Participants come away understanding accounting's role as a decision-support tool for financial management, how recording and reporting systems function inside an organisation, and the conceptual questions behind accounting estimates. It also lays the groundwork for the double-entry system, preparing participants for more advanced financial accounting study later on.

Who Should Attend?

• Accountants, managers, and anyone whose role requires a solid background in accounting and finance.

Knowledge and Benefits:

After completing the course, participants will be able to:

• Apply core accounting concepts, the accounting equation, and accounting rules.
• Register transactions accurately and correct or amend commercial records.
• Prepare financial statements and analyse them.
• Settle and reconcile accounting records.

Module 1: Building the Accounting Framework

• Functions and areas of sub-accounting, and an overview of the accounting course itself.
• Principles of accounting — concepts, conventions, and the accounting equation.
• Account types, and discount and credit rules.

Module 2: Recording and Processing Transactions

• Understanding the accounting framework, process, and completion cycle.
• Transaction analysis and registration, posting to the ledger, and balancing accounts.
• Preparing the audit (trial) balance.

Module 3: Financial Statements and Cash Settlement

• Understanding how financial statements are analysed.
• Settling cash flows and bank balances, and maintaining accurate records.
• Bank reconciliation statements and reconciling debtor and creditor control accounts.

Module 4: Inventory and Consumption Accounting

• Basics of inventory accounting, inventory systems, and evaluation methods.
• How inventory affects financial statements, and how goods are accounted for.
• Methods of consumption, accounting for consumption, and its effect on cash flows and income taxes.

Module 5: Bookkeeping in Practice

• Principles and terminology of bookkeeping.
• Accounting for transactions and systems and methods of inventory control.