Practical Training Course in Accounting Transactions (Online / Remote)
1Summary
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.
2Objectives and target group
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.
3Course Content
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.