Fundamentals of Accounting

Why Attend

Over the years accounting has evolved and has sprouted into several branches that have become an indispensable part of any business because of its utility. How can a business keep track of financial transactions?

Overview

Course Outline

Schedule & Fees

Course Methodology

Instructor-led training that uses interactive learning methods, including class discussion, small group activities, and role-playing

Course Objectives

Realize the need for accounting information in different aspects of the business.; Understand the multi-facets of accounting and their application in personal as well as professional life.; Be adept at reading and interpreting financial statements.; Be aware of various accounting concepts and conventions.; Understand what financial statements include and how they are prepared.; Understand what and how accounting information is used in various management functions of planning, organizing, directing, and controlling.; Understand how accounting skills help in tax planing.; Achieve coordination among various departments through the smooth flow of financial information.

Target Audience

Understanding Basics of Accounting Entrepreneurs/small business owners/start-up founders; HR, marketing, production, finance executives and managers; Accounting assistance; Retail investors; Financial analysts; Relationship managers; Financial advisers; Financial planners

Target Competencies

n/a

Understanding Basics of Accounting

Introduction to Financial Accounting
Users of Financial Statement
Double Entry System
Generally accepted accounting principles
Some Accounting Terminology

Capturing Data for Financial Accounting

Accounting cycle
Chart of Accounts
The distinction between Capital Expenditure and Revenue Expenditure
Cash and accrual systems of accounting
Posting to General Ledgers
Journal Entries
Accounts Receivable / Accounts Payable Ledgers
Bank Reconciliation / Cash Reconciliation
Provisions
Depreciation
Inventory valuation

Case Study – 1

Examples of Double Entry Transactions
Journal Entries
General Ledger
Trial Balance

Components of Financial Accounts

Balance Sheet
Income & Expenditure Account
Cash Flow Statment
Statement of Changes in Equity
Notes to Financial Statements

International Accounting & Reporting Standards

International Accounting Standards (IAS)
International Financial Reporting Standards (IFRS)
Generally Accepted Accounting Principles (GAAP)

Analysing Financial Statement

Ratio Analysis
Vertical P&L and Balance Sheet
Horizontal P&L and Balance Sheet

Capital Expenditure

Capital Investment Appraisal
Return on Investment
Payback period
Net Present Value
Internal Rate of Return
Lease or Buy Decisions

Budget Process and Management

Preparation of Master Budget
Fixed v/s Flexible Budgets
Quarterly Reviews
Forward Planning
Budget/ Actual Comparison
Zero-Based Budgeting

Cost Accounting

Total Absorption Costing
Marginal Costing
Contribution Margin
Break-even Analysis
Sensitivity Analysis
Variance Analysis
Price Variance
Quantity Variance
Mix Variance
Management Accounting

Case Study – 2

Understanding the Financial Statements of a Listed Company

$3275

Taipei

Country: Taiwan

Duration: One week

Date: 03–07 Nov 2025

$3275

Beijing

Fundamentals of Accounting

Overview

Course Outline

Schedule & Fees

Course Methodology

Course Objectives

Target Audience

Target Competencies

$3275

Country: Taiwan

Duration: One week

Date: 03–07 Nov 2025

$3275

Country: China

Duration: One week

Date: 02–06 Mar 2026