Certified Accounts Assistant

Category: Certified Accounts Assistant

Course Objectives

By the end of the program, participants will be able to:

  • Define the accounting cycle.
  • Discover how accounting affects their day-to- day business.
  • Outline the components of financial statements.
  • Perform every step of the accounting closing cycle.
  • Get up-to-date with accounting terminology that will enable them to perform more effectively at work.

Course Outline

  • Importance of Accounting and the Accounting Cycle
  • Accounting  Regulatory Bodies
  • International Financial Reporting Standards (IFRS)
  • Generally Accepted Accounting  Principles (GAAP)
  • Accounting Rules Updates and Changes
  • Stakeholders and Users of Accounting Information
  • Company Structures and Business Activities
  • Accounting Principles and Guidelines
  • Other Characteristics of Accounting Information
  • How Principles and Guidelines Affect Financial Statements
  • Identifying Account Names
  • Classifying Accounts
  • Interpreting Account Movements
  • Debits and Credits
  • The Importance of T-Accounts
  • The 7 Rules of Debits and Credits
  • Sub-Ledgers and General Ledgers
  • Preparing Trial Balance
  • Adjusting Assets and Liabilities, Revenues and Expenses:
  • Accrued Liabilities  / Expenses and Revenues
  • Deferred  Assets / Expenses and Revenues
  • The Process of Preparing Adjusted Trial Balance
  • Adjustments for Contra-Accounts
  • The Four Important Closing Entries
  • Using the 10-Column Worksheet
  • Preparing Financial Statements:
  • Income Statement
  • Balance Sheet
  • Understanding  and Preparing Closing Trial Balance
  • Accounting and Presentation of Cash, Petty Cash and Cash Reconciliation
  • Accounts Receivable and Allowances
  • Inventory Costing and Valuation
  • Recording and Maintaining Fixed Assets
  • Depreciation and Accumulated Depreciation
  • Intangible Assets and Other Non-Current Assets
  • Accounts Payable and Notes Payable
  • Accrued Liabilities
  • Short and Long-Term Loans
  • Share Capital
  • Retained Earnings
  • Government and Management Reserves