Fundamentals of Accounting

Duration: 20

Fundamentals of Accounting Course at NADIA Training institute is Designed for Secretaries,

administrative and other support staff who work closely with accounts or support management
with tasks related to financial reports.

Course Objectives:

Upon completion of the Accounting course in Abu Dhabi, Dubai, Sharjah participants should be
able to:

Explain the role of accounting in business

Acquire basic accounting knowledge and skills needed to better support management

Properly distinguish and classify account categories within the accounting system in the
company

Accurately account for transactions affecting assets, liabilities, equities, revenues and expenses.

Prepare statement of income and balance sheet.

COURSE OUTLINE:

The role of accounting in business

Accounting concepts and principles

Double-entry system

Cash vs. accrual accounting

The accounting cycle

- Collect and verify source documents

- Analyze transactions

- Record transactions in a journal

- Post journal entries to general ledger

- Prepare trial balance

- Prepare adjusting entries and post to general ledger

- Prepare adjusted trial balance

- Prepare income statement

- Journalize and post-closing entries

- Prepare post-closing trial balance

- Prepare balance sheet

- Prepare reversing entries (optional)