Accounting for Non-Accountants | Modern Management Training Center
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Accounting for Non-Accountants

Accounting for Non-Accountants

Program Objectives

  1. Define accounting and the accounting cycle.
  2. Identify the major rules and principles of accounting under the International Financial Reporting Standards (IFRS).
  3. Demonstrate knowledge of the basic accounting equation and double-entry bookkeeping, and touch base with the new automated accounting systems. 
  4. List the key financial statements (balance sheet, income statement, changes in shareholders’ equity and cash flow statement) and their components.
  5. Account for financial statements’ adjustments at end of period.
  6. Define the audit function and determine the different audit opinions.


Managers, supervisors and staff from any function including the accounting department who need to improve understanding and application of accounting techniques.


Introducing Accounting and the Financial Statements:

  • Definition of Accounting
  • Users of Accounting Information
  • Basic Financial Statements
  • The Corporation Defined
  • Presentation of Accounting Information by Different Business Entities

International Financial Reporting Standards (IFRS):

  • The International Accounting Standards Board (IASB)
  • Introduction to International Financial Reporting Standards (IFRS)
  • Main Differences between International Financial Reporting Standards (IFRS) and US Generally Accepted Accounting Principles (GAAP)

Double-Entry Accounting:

  • The Accounting Equation
  • Traditional Double-Entry Bookkeeping
  • Your Asset is his Liability
  • The Chart of Accounts
  • The General Journal
  • The General Ledger
  • Trial Balance
  • Modern Bookkeeping: Automating Transactions

Net Equity:

  • What is Capital Stock?
  • Dividends are not an Expense!
  • Cash Dividends, Stock Dividends and Stock Split
  • Definition of Treasury Stock
  • Retained Earnings: Not the Same as Cash

The Balance Sheet and its Components:

  • Defining the Balance Sheet
  • Assets
  • Liabilities
  • Equity
  • Current versus Non-Current Assets and Liabilities
  • The Balance Sheet Illustrated

Income Statements:

  • Defining the Income Statement
  • Defining Revenue and its Recognition
  • Defining Expenditures and their Classifications
  • Calculating Profit
  • Gross Profit
  • Operating Profit
  • Net Profit
  • The Income Statement Illustrated

Cash Flow Statement:

  • Defining the Statement of Cash Flows
  • Cash and Cash Equivalents
  • Classification of Cash Flows
  • Operating Activities
  • Investing Activities
  • Financing Activities
  • The Cash Flow Statement Illustrated

Adjustments to Financial Statements:

  • The Accrual Concepts
  • Accruals and Prepayments
  • Depreciation
  • Bad Debts
  • The Accrual Concepts
  • Accruals and Prepayments
  • Depreciation
  • Bad Debts
  • Provisions for Contingencies

Training methods

  • The Training lectures.
  • The Group discussions.
  • The Training Workshops.

Places and dates for this program

13 Jan 2019 : 17 Jan 2019 2250 $

28 Jul 2019 : 01 Aug 2019 2500 $

Ministry of Heals
Saudi Arabian Airlines
Arabia Insurance Cooperative Company
Ministry of Housing
Dorectprate of Human Resources - Sharjah
Sharjah Electricity & Water Authority
The Holding Company for Water Supply and Sewerage

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