Fundamentals of Accounting and Finance

Service Description

Course Outline This practical course introduces participants to the fundamentals of accounting and finance, providing essential knowledge for effective business decision-making. Participants will learn core accounting principles, the accounting cycle, adjusting entries, fixed asset management, and the preparation and interpretation of financial statements. The course also covers accounts receivable and accounts payable processes, including credit management, cash collections, supplier payments, doubtful debts, and internal controls. Through practical exercises and real-world case studies, participants will develop skills to record transactions, analyze financial performance, prepare budgets, and understand how financial information supports organizational success, cash flow management, and sustainable business growth. Course Objectives By the end of the course, participants will be able to: 1. Understand fundamental accounting principles and explain the role of accounting and finance in organizational decision-making. 2. Record and process financial transactions accurately throughout the accounting cycle, including adjusting journal entries. 3. Prepare and interpret financial statements, including the statement of financial position, income statement, and cash flow statement. 4. Apply effective accounts receivable and accounts payable management practices, including credit management, cash collections, supplier payments, and internal controls. 5. Manage fixed assets and related accounting processes, including acquisition, depreciation, disposal, and asset reporting. 6. Analyze financial performance using key financial ratios and other analytical techniques to support business decisions. 7. Develop and evaluate budgets to support financial planning, monitor performance, and contribute to effective cash flow and financial management. Target Audience Managers, supervisors and staff from any function, entrepreneurs and anyone interested in accounting & finance. Key Topics The key topics covered in the course are: • The role of accounting in business • Accounting principles • Transaction analysis and the accounting equation • The accounting equation • Preparing financial statements • Financial statement analysis • Accounts receivable • Accounts payable • Fixed assets and depreciation • Steps in preparing budgets Examination * Final exam Certification * Certificate of Completion