Course Overview
Strong financial reporting starts with accurate bookkeeping and a solid grasp of accounting principles. This course is designed to teach participants the fundamentals of financial recording, classification, and reporting in line with standard accounting frameworks such as IFRS (International Financial Reporting Standards) or GAAP (Generally Accepted Accounting Principles).
Topics covered include double-entry accounting, journal entries, ledger maintenance, trial balance preparation, and final account reporting. Participants will also gain hands-on experience in preparing balance sheets, profit and loss statements, and cash flow reports, ensuring compliance with regulatory standards.
By the end of this course, participants will be well-equipped to maintain clear, consistent, and accurate financial records that support informed decision-making.
What you’ll learn
- Understanding Accounting Frameworks
- The significance of standardized frameworks in financial reporting
- Principles of Double-Entry Accounting
- Definition and importance of journal entries in accounting
- Understanding debits and credits
- Trial Balance Preparation
- Balance Sheet: Assets, liabilities, and equity
- Understanding regulatory bodies and their requirements
Requirements
- No previous finance experience is needed.
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