Financial Accounting for Non-Accountants

Introduction:

This course is introduced to you by the International Academy of Human Resources Development (IAHRD). Our courses are specially designed to meet your needs, explained to you by experts with a long experience in the field. Everyone should be familiar with the basics of accounting. The importance of accounting rises becauseaccounting helps in decision making, planning, and controlling processes. With the help of accounting, there will be documents, which will be factored in carrying out these processes. Again, with these methodical documents, they help in reduction of theft and frauds. This course will help you understand the basics of accounting perfectly in order to have the sufficient knowledge to apply it in different tasks.

Objectives:

After attending this course, participants will be able to:

1. Understand the basics and the roles of accounting.
2. Use and understand the main financial statements in accounting.
3. Differentiate between IAS and GAAP.
4. Learn the basics of financial reporting.

Content:

Module 1:

1. What is accounting?
2. Why is accounting important?
3. The role of accounting in the private and public economic activity.
4. Accounting and the organization's mission.

Module 2:

1. Accounting and government entities.
2. The American Accounting Association.
3. Areas of accounting.

Module 3:

1. Important financial statements.
2. Balance sheet, income statement, cash flows and owners' equity.
3. Generally Accepted Accounting Principles (GAAP).
4. The difference between IAS and GAAP.

Module 4:

1. Steps in the accounting cycle.
2. Basics in financial reporting.
3. Accounting disclosures.

Who Should Attend?

Interested candidates from all businesses.