At the end of this course, the participants should be able to:
• Define financial accounting and describe its basic characteristics
• Identify the double entry system
• Analyze financial transactions
• Make accounting entries for financial transactions
• Prepare income statement and financial statement.

• Financial Accounting Assumptions and Principles
  • Accounting definition
  • Accounting assumptions
  • Accounting principles
  • Accounting conventions
• Accounting Definitions and Terminologies
• Balance Sheet and Income Statements Equations
• The Accounting System
  • The accounting cycle
  • Recording transactions
  • Posting journal entries
  • Balancing ledger accounts
  • Preparation of trial balance
• Adjustments
• Adjusting entries for:
  • Prepayments,
  • Accruals
  • Deferrals
• Closing revenues and expense accounts
• The Income Statement and Change in equity
  • Income statement items
  • Single step income statement
  • Multi steps income statement
  • Extra-ordinary gains and losses
  • Change in equity statement
• The Balance Sheet
  • Balance sheet limitations
  • Balance sheet items classifications
  • Attached Additional information

• The Accounting Cycle
• Making Accounting Entries
• Making Adjustment Transactions
• Closing Accounts
• Income Statement Preparation
• Preparing Balance sheet Statement.

This training course will be carried out through the use of best practices and the right combination of engaging and purposeful tools such as:
• Case studies and practical exercises
• Workshops and group activities
• Interactive discussions
• Brainstorming
• Energizing team competitions
• Presentations
• Learning games

All employees working in the accounting and the financial sector, as well as financial supervisors and controllers