Basic Accounting Short Course

Week 1: Accounting Fundamentals

1. Introduction to Accounting
  – Definition and importance of accounting
  – Types of accounting (financial, management, etc.)
  – Accounting equation and financial statements
2. Accounting Cycle
  – Identifying and recording transactions
  – Journalizing and ledger accounts
  – Trial balance and financial statements
3. Financial Statements
  – Balance sheet and income statement
  – Assets, liabilities, and equity
  – Revenue and expenses

Week 2: Accounting Principles and Procedures

1. Accounting Principles
  – Generally Accepted Accounting Principles (GAAP)
  – Accrual accounting and matching principle
  – Materiality and conservatism
2. Accounting for Assets and Liabilities
  – Cash and bank reconciliations
  – Accounts receivable and payable
  – Inventory valuation and management
3. Accounting for Equity and Revenue
  – Share capital and retained earnings
  – Revenue recognition and matching
  – Expenses and cost of goods sold

Week 3: Practical Accounting and Financial Analysis

1. Practical Accounting
  – Recording transactions and journal entries
  – Preparing financial statements
  – Bank reconciliations and cash management
2. Financial Analysis
  – Ratio analysis (liquidity, profitability, etc.)
  – Financial statement analysis
  – Budgeting and forecasting
3. Case Study and Group Project
  – Real-life accounting scenarios
  – Group project: prepare financial statements and analyze financial performance

Cost. K3500