Fundamentals
Target audience
- Anyone interested in learning the key principles of these financial topics
2 day
New training
General Accounting Training
Prerequisites
No prior knowledge is required.
Objectives
◗ Organize the fundamental mechanisms of accounting to relate them to the company's financial situation.
◗ Practice common journal entries and analyze balance sheets and income statements.
◗ Conduct a basic financial analysis by categorizing the main summary documents.
◗ Communicate with the accounting and finance departments.
◗ Interpret accounting records (general ledger, account statement, subsidiary ledger, trial balance).
Training program
◗ Identify the logic behind the company's accounting practices
– Accounting: A Legal Requirement and Source of Information
– Accounting Structure: Journal, General Ledger, Trial Balance, Balance Sheet, and Income Statement
– The Complementary Nature of the Balance Sheet andIncome Statement
✔ ASSESS | Interactive KAHOOT Quiz
– Terminology and the Principle of Balanced Accounts
✔ APPLY | Practical Exercise: Preparing a Balance Sheet and Income Statement (Excel Example)
◗ Recording Accounting Transactions: Key Principles of Accrual Accounting
– Fundamental Principles of Accounting
– The Double-Entry Principle
– How an Accounting Account Works: T-account, matched columns, and separate columns
✔ UNDERSTAND | Overview of the bank account in its three forms (Excel)
◗ Understanding Investment Transactions
– Purchases and disposals of fixed assets, depreciation
◗ Integrate day-to-day operations
– Purchases, Overhead, and Sales
✔ ASSESSMENT | Interactive KAHOOT Multiple-Choice Quiz: “Finding the Right Account”
– Salaries and Social Security Contributions
✔ ASSESSMENT | Calculating and Recording Salaries and Social Security Contributions
– VAT, Other Taxes
◗ Define the concepts of cash flow
– Customer receipts
– Payment of expenses
– Bank reconciliation
◗ Practice year-end closing procedures
– Accrual of Inventory
– Depreciation: Economic and Financial Functions, Calculation Methods
✔ PRACTICE | Calculating Depreciation Using Two Methods
– Allowances: Conditions for Validity, Different Categories
– Basic Journal Entries for Accrual of Expenses and Revenue
✔ PRACTICE | Case Study in Small Groups
Why choose this course?
You are not an accountant by profession, but you use accounting concepts on a daily basis or interact with the accounting department.
This training course helps participants understand the basic principles, grasp the key concepts, and collaborate more effectively with accounting teams—even without prior knowledge.
Teaching and assessment methods
Before the training: Submit your expectations via your online portal 15 days before the training begins and complete a self-assessment of your skills.
Teaching Methods: A variety of teaching methods to cater to different learning styles, encourage active participation, and reinforce learning through experimentation and practice.
Educational materials: presentation materials, reference materials (summary sheets, tables, etc.), and other resources available in your account.
During the training: theoretical concepts are alternated with examples drawn from real-life cases. Participants are given the opportunity to engage in role-playing exercises. Numerous practical exercises allow participants to demonstrate their mastery of the skills as the training progresses.
Training monitoring and evaluation: attendance sheet and certificate of completion. Immediate and post-training evaluations conducted using the LearnEval platform.
Price
€1,630 (excluding tax)