Accounting Fundamentals

Fundamentals of Accounting Course at NADIA Training institute is Designed for Secretaries, administrative and other support staff who work closely with accounts or support management with tasks related to financial reports.

Course Objectives

Upon completion of the Accounting course in Abu Dhabi, Dubai, Sharjah participants should be able to:
Explain the role of accounting in business. Acquire basic accounting knowledge and skills needed to better support management. Properly distinguish and classify account categories within the accounting system in the company. Accurately account for transactions affecting assets, liabilities, equities, revenues and expenses.
Prepare statement of income and balance sheet.

Course Outline

• The role of accounting in business
• Accounting concepts and principles
• Double-entry system
• Cash vs. accrual accounting
• The accounting cycle
• Collect and verify source documents
• Analyze transactions
• Record transactions in a journal
• Post journal entries to general ledger
• Prepare trial balance
• Prepare adjusting entries and post to general ledger
• Prepare adjusted trial balance
• Prepare income statement
• Journalize and post-closing entries
• Prepare post-closing trial balance
• Prepare balance sheet
• Prepare reversing entries (optional)