A Certified Public Accountant (CPA) is the highest standard of competence in the field of Accountancy across the globe. A CPA (or Certified Public Accountant) is a trusted financial advisor who helps individuals, businesses, and other organizations plan and reach their financial goals. Whatever that goals-saving for a new home, opening a new office, or planning a…View Details
Fundamentals of Finance & Accounting
Fundamentals of Finance & Accounting
Our Fundamentals Finance Accounting course is your first step towards a successful accounting and finance career. You don’t need any prior experience or qualifications to enroll, making it perfect if you’re just starting out or if you need to bring useful financial knowledge to your current role.
Accounting is the language of business. By attending this course, you will learn the basics of accounting and those of reading and analyze financial statements. The course will equip you with the necessary knowledge to participate in the accounting activities of your organization and to understand and use debits and credits. You will also learn to record financial transactions and report them in financial statements.
It’s focused on giving you practical, real-world knowledge of accounting and finance that you can put to use from day one.
You’ll learn the basic principles of accountancy, including double-entry bookkeeping, and gain the skills you need to hold entry-level or accounting support roles. You can also continue your study with the Advanced and Professional Diplomas and become qualified for senior accounting roles.
The course is accredited by the Association of Accounting Technicians (AAT), the UK’s most significant professional body for accounting technicians, so it’s internationally recognized and sought-after by employers.
Financial skills and knowledge are vital for all kind of accounting specialists in all organizations. A more challenging business and economic climate and an increase in the financial delegation are making this even more so.
Many senior professionals miss formal training in finance and often feel uncomfortable when discussing financial matters with their peers and business professionals. This interactive and engaging seminar addresses these critical issues.
This course will teach you the tools you’ll need to understand the fundamentals of financial accounting. Our financial records of a small business, and “your turn” activities guide you through the three most commonly used financial statements: the Balance Sheet, the Income Statement, and the Statement of Cash Flows.
Beyond recording transactions, you’ll learn how to prepare these financial statements, and read and analyze them to draw basic conclusions about a company’s financial health.
You might be interested in our Financial Accounting Reporting Course as a next step.
- COURSE TYPE Foundation
- COURSE NUMBER
- DURATION 5 days
- COURSE ACCREDITED BY AAT
YOU WILL LEARN HOW TO
By the end of this course, you will be able to:
– Use journal entries to record transactions;
– Prepare and use t-accounts to summarize transactions recorded during an accounting period;
– Describe the three most commonly used financial statements and how they fit together;
– Prepare these financial statements based on transactions recorded during an accounting period;
– Draw basic conclusions about a company’s financial health;
– Understanding international financial reporting standards (IFRS);
– Performing accounting closing process.
IMPORTANT COURSE INFORMATION
You don’t need any prior experience or qualifications to enroll, making it perfect if you’re just starting out or if you need to bring useful financial knowledge to your current role.
Participants who fully attend this course and complete the test on the last day will receive a Strategic Axis Professional Certificate (SAPC). SAPC certificates are regionally recognized and can be quite valuable when applying for more senior roles within the organization or outside.
This course is worth 25 NASBA CPEs.
National Association of State Boards of Accountancy (NASBA): State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.
The course is accredited by the Association of Accounting Technicians (AAT), the UK’s largest professional body for accounting technicians, so it’s internationally recognized and sought-after by employers.
Where will you sit your assessments?
You can obtain AAT Certificate after successful assessment.
If you are studying via classroom learning you will sit your assessments with your AAT Approved training provider – Strategic Axis.
Module 1: Introduction to accounting
Importance of accounting and the accounting cycle
Accounting regulatory bodies
International Financial Reporting Standards (IFRS)
Generally Accepted Accounting Principles (GAAP)
Accounting rules updates and changes
Stakeholders and users of accounting information
Company structures and business activities
Accounting principles and guidelines
Other characteristics of accounting information
How principles and guidelines affect financial statements
Module 2: Analyzing transactions
Identifying accounts names
Interpreting accounts movements
Understand financial transactions within a bookkeeping system
Process customer transactions
Process supplier transactions
Process receipts and payments
Process transactions through the ledgers to the trial balance
Module 3: The double entry accounting
Debits and credits
The importance of T-Accounts
The 7 rules of debits and credits
Sub-ledgers and general ledgers
Preparing trial balances
Module 4: Adjustment process
Adjusting assets and liabilities, revenues and expenses
Accrued liabilities, expenses, and revenues
Deferred assets, expenses, and revenues
The process of preparing adjusted trial balances
Adjustments for contra-accounts
Module 5: Closing process
The four important closing entries
Using the 10 column worksheet
Preparing financial statements:
Understanding and preparing closing trial balance
Module 6: Assets accounting and reporting
Cash and cash equivalents
Accounts receivable and allowances
Inventory costing and valuation
Recording and maintaining fixed assets
Depreciation and accumulated depreciation
Intangible assets and other non-current assets
Module 7: Liabilities accounting and reporting
Accounts payable and notes payable
Short and long-term loans
Module 8: Understanding shareholders’ equity
Government and management reserves
Module 9: Bookkeeping controls
Understand payment methods
Understand controls in a bookkeeping system
Use control accounts
Use the journal
Reconcile a bank statement with the cash book
Module 10: Using accounting software
Set up accounting software
Process sales and purchases transactions
Process bank and cash transactions
Perform period end routine tasks
Module 11: Work effectively in finance
Understand the finance function within an organization
Use personal skills development in finance
Produce work effectively
Understand corporate social responsibility (CSR), ethics and sustainability within organizations
In The Classroom
Private Team Training
Indiviual Private Session
Please Register for More Information