2 Days Workshop
Introduction
The primary goal of this workshop is to help professionals who have little or no knowledge in finance and accounting in developing sound financial knowledge to read and understand financial reports. Participants are required to prepare a full set of accounts i.e. preparation of journals, posting to ledger, preparation of trial balance, prepare month-end adjustments, prepare income statement and balance sheet. Real-current accounting cases will be analyzed and scenario solutions will be discussed in the workshop.
Course Objectives
By the end of this course you will be able to:
Prepare a full set of accounts i.e. preparation of journals, posting to ledger, preparation of trial balance, prepare month-end adjustments, prepare income statement and balance sheet.
How to read a balance sheet
How to read Profit & Loss Statement
Use Profit and Loss Statement to evaluate performance
Understand the relationship between cash flow statement and balance sheet
How to look for information efficiently in the annual report
Learn how to size up a company quickly by reading their financial ratios
Understand Accounting for Fixed Assets
Methodology
Case Study & Group Discussion.
Who Should Attend
Accounts executive, Senior Account executives, Supervisors, Account assistants and all professionals who are interested in basic Accounting
Special Feature: NOTE: Please bring laptop along
Programme Outline
Day 1
Module 1: Balance Sheet
How to read a balance sheet
Understand key concepts of Assets, Liabilities, Equity
Current vs non-current distinction
Tangible vs intangible distinction
Assessment of company financial strength and risk
Strengthening financial structure
Working capital management
Module 2: Profit & Loss Statement
How to read Profit & Loss Statement
Use Profit and Loss Statement to evaluate performance
Concept of margins and profit analysis
Relationship between P&L statement to balance sheet
Profit & Loss accounting model
Why profit is different from cash
Module 3: Cash Flow Statement
Lifeblood of business – Cash Flow Statement
Relationship between cash flow statement and balance sheet
3 streams of cash flow, Operating ,Investing &Financing
How to determine financial health from cash flow pattern
Determining if the company is using internal cash flow to finance growth or relying on external financing
Module 4: Financial Ratios Analysis
Learn how to size up a company quickly by reading their financial ratios
Liquidity
Solvency
Efficiency
Profitability
Asset Management
Assessing drivers of company profitability and growth:-
Operations and investment strategies : operating and investment management
Day 2
Module 5: Accounting for Fixed Assets
Historical Cost Concept
Depreciation – Calculation & Recording
Gain or Loss on Sale
Impact on Financial Statements
Exercise
Module 6: Adjusting Accounts and Preparing Financial Statements
Accrual Basis versus Cash Basis
Recognizing Revenues & Expenses
Adjusting Accounts
Unearned (Deferred) Revenues
Accrued Expenses
Links to Financial Statements
Preparing Financial Statements
Module 7: Completing the Accounting Cycle
Benefits of a Work Sheet
Recording Closing Entries
Summary of the Closing Process
Accounting Cycle
Module 8: Summary & Application