Accounting for Beginners: Understanding the Basics

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About SkillFlex

SkillFlex, under My Sheqa Group, specializes in delivering HRD Corp SBL Khas claimable training programs to enhance professional skills. With over a decade of experience, we create practical, engaging, and transformative courses to empower individuals and organizations to excel in their fields.

About Course

This introductory course on Accounting for Beginners is designed to help participants understand the foundational concepts of accounting, including financial statements, bookkeeping, and budgeting. It will cover the basics of accounting, making it ideal for beginners who want to grasp the essentials of managing finances in a business context. This course will focus on practical, easy-to-understand concepts that participants can apply immediately in their work.

What I will learn?

By the end of this course, participants will:

Understand the basic principles and terminology of accounting.
Learn how to read and prepare financial statements.
Understand the process of bookkeeping and basic accounting entries.
Get an overview of budgeting, cost accounting, and financial analysis.
Be familiar with basic accounting tools and software used in the industry.

Course Curriculum

Day 1: Introduction to Accounting and Financial Statements

Module 1: Overview of Accounting Principles

What is accounting?
Basic accounting principles (accrual basis, matching principle, etc.).
Key terminology in accounting: assets, liabilities, equity, revenue, expenses.

Module 2: Understanding Financial Statements

Introduction to the three main financial statements: the balance sheet, income statement, and cash flow statement.
How to read and interpret financial statements.
The relationship between the balance sheet, income statement, and cash flow statement.

Module 3: Introduction to Bookkeeping

What is bookkeeping?
The accounting equation: Assets = Liabilities + Equity.
Basic bookkeeping entries: debits and credits, journal entries.

Day 2: Budgeting, Costing, and Financial Management Basics

Program Methodology and Approaches

Interactive Discussions: Engage with the instructor and peers to explore accounting concepts and real-world examples.
Practical Exercises: Apply accounting skills in real-world scenarios, from bookkeeping to financial analysis.
Group Activities: Collaborate with others to create budgets and perform cost analysis exercises.
Expert Guidance: Receive personalized advice and insights from experienced accounting professionals.

This course is designed to simplify the complex world of accounting, ensuring that participants leave with the confidence to handle basic financial tasks in their businesses.

Who Should Attend

This course is ideal for:

Entrepreneurs, business owners, and managers with no formal accounting background.
Administrative staff or assistants looking to understand the basics of accounting.
Anyone who wants to understand how financial decisions are made in a business setting.

$18.99

$80.99 Discount 83% off

Course Duration:2 Day(s)

Course level:Beginner

Benefits Obtained :

Foundational Knowledge: Build a strong foundation in accounting and financial management.
Improved Financial Literacy: Learn how to read and understand financial statements and make informed decisions.
Practical Skills: Gain hands-on experience in bookkeeping, budgeting, and financial analysis.
HRD Corp Claimable: Fully registered under the SBL Khas scheme.