Anyone who wants to succeed in business must understand the basics of accounting, because accounting is the language of business. Understanding accounting becomes a valuable tool in evaluating the condition of a company from its financial statements.
This Basic Accounting training provides an understanding of financial statements based on the Financial Accounting Standards. It should be noted that most Financial Accounting Standards have now been converted to comply with the International Financial Reporting Standards (IFRS).
•Participants will be able to understand the basic principles of accounting.
•Participants will understand why a financial report must adhere to generally accepted standards such as PSAK in Indonesia or GAAP in the USA.
•Participants will comprehend the basic accounting equation as the fundamental philosophy for constructing the Balance Sheet.
•Participants will understand that the Income Statement represents the company's activities in fulfilling its mission.
•Participants will understand the accounting cycle and be able to process recording, adjustments, and summarization of transactions into Financial Statements.
•Participants will be able to use and extract important information from financial statements as a basis for decision-making.
1.Accounting as the Business Language
-What is Accounting?
-Assumptions and Basic Accounting Principles
-Accounting Cycle and Types of Accounting
-Difference Between Accounting and Bookkeeping
-Types of Financial Statements
-Forms of Business Organizations
-Users of Financial Statements
2.Changes in Financial Position
-Accounts and Ledger
-Types of Accounts
-Debit and Credit Transactions
-Chart of Accounts
-Ledger
-Trial Balance
-Journal and Posting to Ledger
-Functions of Journal
-Types of Journals
-Posting to Ledger
3.Benefits of Ledger and Journal for Managers
4.Calculating Profit/Loss and Balance Sheet, End of the Accounting Cycle
-What is Net Income/(Loss) in Accounting
-Adjusting Journal Entries
-Preparation of a Set of Financial Statements
-Closing Journal Entries for Temporary Accounts
-Completion of the Accounting Cycle
5.Specialized Accounting
-Cash and Petty Cash Accounting
-Inventory Accounting
-Fixed Assets Accounting
-Equity Accounting
6.Financial Statement Analysis
-Measuring Liquidity and Credit Risk Levels
-Measuring Profitability Ratios
-Measuring Operating Efficiency Ratios
-Measuring Leverage Ratios
-Measuring Return Ratios
7.Case Study: Accounting for a Trading Company
8.Case Study: Accounting for a Service Company
Enroll now in the Basic Accounting program and take the first step towards unlocking new opportunities, influencing Accounting, and shaping your successful career in Accounting.
Begin your journey by enrolling in our Basic Accounting program. Gain access to cutting-edge curriculum, developed by industry experts, to ensure you're equipped with the latest tools and methodologies.
Immerse yourself in a series of comprehensive learning modules that cover key aspects of Basic Accounting. From market analysis to risk assessment, our program provides a holistic view of the analyst's role in shaping Accounting.
Apply your newfound knowledge through hands-on projects and case studies. Bridge the gap between theory and practice as you tackle real-world business challenges, refining your analytical skills in the process.
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