Accounting Course for Non-finance

Course Start Date

Accounting and Finance for Non-Financial Professionals

Duration: 2 Days

Venue: 10 Anson Road, 26-08A International Plaza, Singapore 079903

Accounting Training for non-finance professionals is a 2-day training of which upon completion participants will be able to get basic understanding about the accounting world. Course most suitable for business owner and manager who need to understand the organization financial status by reading its financial reports.

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As revealed by the course name, the training is catered for managers/ executives who do not have any background knowledge of the accounting 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, it in fact should be 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.

  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: 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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