Accounting for the Non-Accountant Seminar

Course Fee: $249.00
Course Time: 1 Day, 9:30 am - 4:30 pm

The Accounting for the Non-Accountant seminar is aimed towards a student who has little or no accounting knowledge. The course covers 'what Accounting is' and how to read financial statements. Students who attend this seminar are not expected to be preparing financial statements on their own.

Course Content:

Accounting- Defined

• Users of Accounting
• Why study Accounting?

The building blocks of Accounting

• Ethics
• GAAP
• Forms of business organizations
• Basic accounting equation

Using the building blocks

• Transaction Analysis
• Debits & Credits
• The Journal
• The Ledger
• The Recording Process
• Trial Balance

Adjusting the Accounts

• Timing Issues
• Revenue Recognition Principle
• Matching Principle
• Types of Adjusting Entries
• Adjusted Trial Balance

Closing Process

• Closing Entries
• After closing Trial Balance

Preparation of Financial Statements

• Income Statement
• Statement of Owner’s Equity
• Balance Sheet
• Statement of Cash Flows