Objectives:
Introducing participants to basic accounting concepts and how accounting data flows through the accounting system.
Introducing participants to the accounting cycle, methods of recording and posting accounting entries, and inventory adjustments.
Providing participants with the skills to apply procedures for determining expenses and revenues related to the financial period.
Providing participants with the skill of closing accounts and preparing final accounts and budgets.
Introducing participants to the basic financial statements, their importance, and the benefits of each financial statement.