Introduction to Accounting: Contents

Course Contents

1. Accounting - The Language of Business

• 3 Essential Elements of Business - Money, Product & Customer
• Interaction of the 3 Elements of Business
• Sales without Collection is Suicide

2. Accounting & the Management Process

• Book Keeping, Reporting, Analysis, Planning
• Accounting - A Tool for Effective Management
• Understand your Accountant and obtain the right help from him

3. Bookkeeping & Reporting

• Cash Book, Stock Book, Creditors Book & Debtors Book
• Profit & Loss Account, and Balance Sheet
• Accrual Accounting - Profit & Loss Account is not Cash

4. Understanding Financial Reports

• Roles & Uses of Profit & Loss Account, Balance Sheet and Cash Flow
• Performance, Health & Blood Pressure
• Windows to understand the business

How You Will Benefit

• know the Most Essential Elements of Business
• know how to act to maximise your profit and your financial position.
• understand the jargons in accounting.
• know the basic principles of accounting used in Bookkeeping, Reporting, Analysis and Planning.
• be able to communicate effectively with your accountants.
• be able to understand Financial Reports.