Accounting Course for Non-finance Professional

Course Start Date

Accounting course for non-finance professionals is a 2-day training of which upon completion participants will be able to get started into the accounting world. As revealed by the course name, the training is catered for beginners who do not have any background knowledge of the field, training starts from basic accounting equation to how to differentiate between Financial Statements required by ACRA and Internal Management. When the term accounting is used we often associate with transaction recording elements among other tasks. When in fact accounting is defined as the analysis, interpretation and presentation of financial information. Contrast to bookkeeping where it is defined as the summarizing and recording of business transactions This 2-day training will cover fundamental Accounting Principles and Elements as applied in standard Financial Process. This course will be hands-on where participants will have step-by-step guidance on do and dont of the day-to-day Accounting work and their impacts on understanding the organization financial picture.

Claim 100% Fees From SkillsFuture Credit, No Upfront fees for Singaporean

Course Duration: 2 Days

 

1st Day Accounting Course Outlines

Lesson 1: Accounting Equation Introduction
  • Asset
  • Liability
  • Equity
  • Revenue
  • Expense
Lesson 2: Finance processes flow within Organization
  • Source Documents
  • Books of Prime Entry
  • Business Transaction
  • The impact of double entries
Lesson 3: 3 main Financial Statements
  • Balance Sheet (Statement of Financial Position)
  • Profit & Loss (Statement of Comprehensive Income)
  • Statement of Cash Flow
Lesson 4: Types of Final Accounts
  • Sole Proprietorship
  • Partnership
  • Partnership Agreement
  • Limited Companies (Private and Listed Companies)

2nd Day Accounting Course Outlines

Lesson 5: Rationalizing on Inventory Systems
  • Periodic System
  • Perpetual System
  • Methods of Inventory Valuation
Lesson 6 Budgets
  • Master Budgets
  • Production Budget
  • Sales Budget
  • Cash Budget
  • Income Statement Budget
  • Balance Sheet Budget
  • Capital
Lesson 7: Ratio Analysis
  • Where to look for Financial Report of listed company
  • Analyzing Financial Statement of listed company with ratio:
  • Liquidity ratios
  • Efficiency ratios
  • Leverage ratios
  • Profitability ratios
  • Horizontal vs vertical analysis of a listed company

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