Managing and Recording Terminal Expenses Training Course
1Summary
Small, everyday payments — courier fees, office supplies, a quick taxi ride — rarely get the attention major transactions do, yet mishandled petty cash can quietly distort a company's books. This Terminal Expenses Accounting Training Course from the Arab British Fellowship Training Academy tackles that gap directly, using interactive "learning by doing" exercises to build accurate habits for recording and reporting these small but frequent transactions.
Participants also gain a broader view of how accounting and reporting systems function inside an organization, working through applied sessions led by academics from the accounting department at the end of each module. As an entry-level course, it lays useful groundwork in double-entry bookkeeping for anyone continuing on to more advanced financial accounting studies.
2Objectives and target group
Course Objectives
By the end of this course, participants will be able to:
- Apply core accounting concepts, the accounting equation, and standard accounting rules.
- Register, modify, and correct entries in commercial books.
- Prepare and analyze financial statements.
- Settle and close accounting records.
Who Should Attend
Arab British Fellowship Training Academy designs this course for professionals working in or with:
- Central banks and supervisory agencies.
- Commercial and investment banks, plus housing and savings associations.
- Investment funds, brokerage firms, and stock exchanges.
- Insurance companies and multinational corporations.
- Accounting firms, consulting and law firms, and rating agencies.
- Multilateral financial institutions.
3Course Content
Module 1: Understanding Terminal Expenses
- What terminal expenses are and the purpose they serve in day-to-day operations.
Module 2: Recording and Filing
- Keeping the terminal expenses record.
- Types of terminal expense record books.
Module 3: Monitoring and Correcting Entries
- Monitoring terminal expenses on an ongoing basis.
- Adjusting and correcting commercial books.