Accounting for Non-Accountants Training in the Philippines
ACCOUNTING MADE SIMPLE – AN ACCOUNTING FOR NON-ACCOUNTANTS TRAINING IN THE PHILIPPINES
A Corporate EnterTRAINment on Accounting for Non-Accountants – A 2-day Accounting for Non-Accountants Training in the Philippines
ENTERTRAINMENT OVERVIEW:
Progressive and successful companies recognize business acumen as a core competence of an organization. Talents who are equipped with knowledge and skills in determining how the business generates income contribute significantly to the success of the organization as they are able to come up with business innovations which impact the bottom line and achieve superior returns.
This 2-day Accounting for Non-Accountants Training in the Philippines is a short course design for talents to understand Accounting and helps people in business increase their chances of making decisions that will benefit their companies.
Accounting is the language of business and like other languages, it has its own terms and rules, and understanding this language and learning to interpret it is the first step to becoming successful in the business.
ENTERTRAINMENT GOAL:
The overall training goal for this 2-day Accounting for Non-Accountants Training in the Philippines is to equip participants with the fundamental knowledge and practical skills necessary to understand and utilize accounting principles and financial information effectively in a business context.
By the end of the training, participants should be able to define and appreciate the role of accounting in business, read and comprehend financial statements, grasp basic accounting terminology, prepare budgets, and perform basic financial analysis.
The training aims to empower non-accounting professionals with the ability to make informed financial decisions, contribute to the financial health of their organizations, and enhance their overall business acumen
ENTERTRAINMENT OBJECTIVES:
At the end of the 16-hour session, participants will be able to:
- Define what is accounting and who uses accounting information
- Read and understand financial statements
- Define basic terminologies used in accounting
- Prepare budgets and understand its value in achieving the company’s target
- Use formula which will help them in performing long-term analysis
ENTERTRAINMENT HIGHLIGHTS:
MODULE ONE: TYPES OF BUSINESS
- Single proprietorship
- Partnership
- Corporation
- One-Person Corporation
MODULE TWO: WHAT IS ACCOUNTING AND THE USE OF ACCOUNTING EQUATION
- What is accounting?
- Use of accounting information
- Accounting cycle
- Common accounting terms defined
MODULE THREE: FINANCIAL STATEMENTS
- The balance sheet and its components
- Understanding the balance sheet
- The accounting equation
- The components of the balance sheet
- The typical transactions behind the balance sheet
- The income statement
- Understanding the income statement
- Transactions that affect the income statement
- Preparing and using a statement of cash flows
- What is a statement of cash flows?
- Cash and cash equivalents
- The budget
- What is a budget?
- Planning and control
- Advantages of budgeting
- How to budget
MODULE FOUR: USING FINANCIAL STATEMENTS FOR ANALYSIS
- Short term ratios
- Current and quick ratios
- Working capital
- Composition of assets
- Rate of return on investment
- Sales-based ratios or percentage
- Long-term debt position
- Return on assets
MODULE FIVE: AUDIT
- What is an audit?
- Importance of audit
If you would like to check our other Personal Productivity-related training program offerings, click here:
Personal Productivity Training in the Philippines
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