ACCOUNTING FOR NON ACCOUNTANTS

This course is expected to cover the following topics:

• Introduction to Accounting.
• Introduction to adjustments and completion of the accounting cycle.
• Basic Financial Statements (Income Statement and Balance Sheet).
• The Cash Flow Statement. . Inventory methods & Depreciation methods.

Day 1:

• Introduction to Accounting.
• Illustrate the different assumptions of accounting and analyze the effects of business transactions on the basic accounting equation.

Day 2:

• Define debits and credits and identify the basic steps in the recording process.
• Explaining by the use of a numerical example the recording process in accounting.
• Introduction to accrual accounting and the matching principal and introduction to adjusting entries.

Day 3:

• Introducing the cash flow statement and identifying each of the operating, investing and financing activities.
• Illustrate the different methods of Inventory and illustrating the effect of each on the financial statements.

Day 4:

• Illustrate the different methods of depreciation showing the effect of each on the financial statements, illustrating the disposal of fixed assets.
• A comprehensive case. Venue : Ramses Hilton Hotel - Cairo – Egypt