Accounting Fundamentals Course: Basics, Cycle & Reporting

Overview

📝 Course Description

This course provides a thorough introduction to the core principles and practices of accounting. It is designed for participants who are new to accounting or seeking a refresher to better understand financial transactions, accounting systems, and reporting. Participants will explore the accounting cycle, double-entry bookkeeping, financial statement preparation, and the basics of regulatory frameworks.

This highly practical course blends theory and hands-on practice, enabling participants to apply accounting principles in real-world situations.

🎯 Learning Objectives

By the end of this course, participants will be able to:

Understand accounting fundamentals and key terminologies
Record transactions using the double-entry system
Prepare basic financial statements (Balance Sheet, Income Statement, Cash Flow)
Apply the accounting cycle: from journal to trial balance to final statements
Understand accruals, depreciation, and adjustments
Interpret financial statements for decision-making

👥 Who Should Attend

Entry-level finance and accounting staff
Non-financial managers and department heads
Business owners and entrepreneurs
Administrative professionals
Graduate trainees and interns
Professionals transitioning into finance roles

🧠 Training Methodology

Instructor-led classroom lectures
Case studies and real-world examples
Excel-based financial templates
Daily exercises and group activities
End-of-day Q&A and review sessions

📆 Detailed 5-Day Agenda with Time Breakdown

📘 Day 1: Introduction to Accounting and the Accounting Cycle

Time	Topic
08:30–09:00	Welcome and Course Objectives
09:00–10:30	What is Accounting? Purpose and Types (Financial, Managerial, Tax)
10:30–10:45	☕ Coffee Break
10:45–12:15	Accounting Concepts & Principles (GAAP, IFRS, Accrual, Going Concern)
12:15–13:15	🍽️ Lunch
13:15–14:45	Understanding the Accounting Cycle
14:45–15:00	☕ Coffee Break
15:00–16:30	Chart of Accounts & Transaction Examples

📗 Day 2: Double Entry and Recording Transactions

Time	Topic
08:30–10:00	The Double-Entry System: Debits and Credits
10:00–10:15	☕ Coffee Break
10:15–12:15	Journal Entries and Ledger Posting
12:15–13:15	🍽️ Lunch
13:15–14:45	Trial Balance and Common Errors
14:45–15:00	☕ Coffee Break
15:00–16:30	Exercise: Record a Set of Business Transactions

📙 Day 3: Adjustments and Financial Statements

Time	Topic
08:30–10:00	Adjusting Entries: Accruals, Deferrals, Depreciation
10:00–10:15	☕ Coffee Break
10:15–12:15	Preparing the Income Statement (Profit & Loss)
12:15–13:15	🍽️ Lunch
13:15–14:45	Preparing the Balance Sheet
14:45–15:00	☕ Coffee Break
15:00–16:30	Case Study: Trial Balance to Financial Statements (Hands-on)

📕 Day 4: Cash Flow and Internal Controls

Time	Topic
08:30–10:00	Cash Flow Statement Basics (Operating, Investing, Financing)
10:00–10:15	☕ Coffee Break
10:15–12:15	Introduction to Internal Controls and Reconciliations
12:15–13:15	🍽️ Lunch
13:15–14:45	Petty Cash, Bank Reconciliations, and Audit Trails
14:45–15:00	☕ Coffee Break
15:00–16:30	Group Exercise: Detecting Errors and Frauds

📒 Day 5: Interpreting Financial Reports & Wrap-Up

Time	Topic
08:30–10:00	Financial Statement Analysis: Ratios and Trends
10:00–10:15	☕ Coffee Break
10:15–12:15	Linking Accounting to Decision Making & Business Planning
12:15–13:15	🍽️ Lunch
13:15–14:45	Review Session and Final Q&A
14:45–15:00	☕ Coffee Break
15:00–16:30	Final Assessment and Certification Ceremony

🎓 Training Deliverables

Digital participant manual and exercises
Excel templates for journal entries, trial balance, and statements
Practice case studies
End-of-course assessment and certificate

Target audiences

Reservoir Engineers, Geologists

Accounting Fundamentals Course: Basics, Cycle & Reporting

$ 5,800

Course Features

Lecture 0
Quiz 0
Duration 5 days
Skill level All levels
Language English
Students 40
Assessments Yes

Accounting Fundamentals Course