Every transaction that moves through an organisation's books has to end up accurate — a wrong entry early in the cycle throws off everything that follows, from the trial balance to the final financial statements. This training course by the Arab British Fellowship Training Academy takes participants through that full cycle hands-on, using a "learning by doing" approach with interactive exercises led by academics from the accounting field.

Beyond the mechanics, the course builds a working understanding of how accounting and reporting systems support financial decision-making inside any organisation, and lays a solid foundation for anyone planning to continue into more advanced accounting and financial management studies.

This training course is designed for:

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

By the end of the course, participants will be able to:

• Apply core accounting concepts, the accounting equation, and accounting rules correctly.
• Register transactions accurately and modify or correct commercial records when needed.
• Prepare complete financial statements and analyse them with confidence.
• Settle and reconcile accounting records at the end of a period.

Module 1: Getting the Foundations Right

• Principles of accounting — concepts and conventions.
• The accounting equation and account types.
• Discount and credit rules, and understanding the accounting framework.

Module 2: Recording Transactions the Right Way

• Transaction analysis and registration.
• Registration in the ledger.
• Principles and terms of bookkeeping, and recordkeeping practices.

Module 3: Balancing, Reconciling and Closing

• Balancing accounts and preparing the audit (trial) balance.
• Reconciliation between debtors' and creditors' control accounts.
• Bank reconciliation statement, and understanding the completion process.

Module 4: Accounting for Inventory and Goods

• Basics of inventory accounting and inventory accounting systems.
• Inventory evaluation methods and understanding goods accounting.
• Inventory's impact on the financial statements.

Module 5: Getting Consumption Accounting Right

• Methods of consumption and how it is accounted for.
• Consumption's effect on cash flows and income taxes.

Module 6: Reading What the Numbers Tell You

• Understanding how financial statements are analysed.
• Functions and areas of sub-accounting.