Accounting for Non-Accountants

By the end of the course, participants will be able to:

• Define accounting and the accounting cycle
• Identify the major rules and principles of accounting under the International Financial Reporting Standards (IFRS)
• Demonstrate knowledge of the basic accounting equation, double-entry bookkeeping, and the new automated accounting systems
• List the key financial statements (balance sheet, income statement, changes in shareholders' equity and cash flow statement) and their components
• Practice financial statements' adjustments at month and year-end

Target Competencies

• Accounting for business transactions
• Preparing income statements
• Interpreting balance sheets
• Analyzing cash flow statements
• Preparing adjustment entries
• Using debits and credits
• Applying international financial reporting standards