The program introduces the candidate to the fundamentals of accounting and the regulatory framework relating to accounts preparation. It gives the candidates an overview of accounting cycle and the chart of accounts, the elements of financial statements and basic accounting equation. The program concentrates in depth on recording, processing, and reporting business transactions and events. The program then covers the use of the trial balance and preparation of adjusting entries, overview of the basic financial statements and then the preparation of basic financial statements. The program then concludes with an overview of various frameworks of internal controls, Controls and their classification and introduction to sales-receivables cycle and purchases-payables cycle and associated controls.

• Understand and work across the breadth and depth of the entire accounting statements and related processes within organizations.
• Explain the context and purpose of financial reporting .
• Define the qualitative characteristics of financial information.
• Demonstrate the use of double-entry and accounting systems.
• Record transactions and events .
• Prepare a trial balance (including identifying and correcting errors).
• Prepare basic financial statements for incorporated and unincorporated entities.
• Gain proficiency in decision-making, planning, and control functions.
• Acquire substantial knowledge of accounting, finance, and important related fields and demonstrate the ability to integrate this information into the business decision process.

• Entry Level Accountants
• Non- Finance executives

Module 1: Introduction to Financial Accounting

• Purpose of Accounting.
• Users of Accounting Information.
• The regulatory framework (legislation and regulation, reasons and limitations, relevance of accounting standards).
• Accounting Concepts.

Module 2: Fundamentals of Financial Accounting

• Accounting Cycle.
• Chart of Accounts.
• The main elements of financial statements.
• Accounting Equation .
• Double-entry book-keeping principles.

Module 3: Recording transactions and events

• Event Recording and Summarizing.
• Sales and purchases.
• Cash/Bank.
• Inventory.
• Tangible non-current assets.
• Depreciation.
• Accruals and prepayments.
• Receivables and payables.
• Provisions and contingencies.
• Preparing a Trial balance.
• Adjusting Entries.
• Bank reconciliations.

Module 4: Preparing basic financial statements

• Statement of financial position (Balance sheet).
• Assets.
• Liabilities.
• Owner's Equity.
• Statement of profit or loss and other comprehensive income (Income Statement).
• Single-step vs. Multiple-Step Income Statements.
• Revenue, Cost of Goods Sold, Gross Profit.
• Operating Expenses, Operating Income.
• Other Income and Expenses.
• Net Income.
• Statement of Comprehensive Income.
• Statement of cash flows.
• Cash flows from Operating Activities.
• Cash flows from Investing Activities.
• Cash flows from Financing Activities.
• Developing a Balance sheet and Income Statement from Trial Balance
• Notes to financial statements.

Module 5: Internal Controls over Financial Reporting

• Control frameworks
• Committee of Sponsoring Organizations of the Treadway Commission (COSO).
• Criteria of Control.
• Turnbull Guidance.
• Overview and classification of controls.
• Accounting cycles and associated controls.
• Sales-Receivables Cycle.
• Purchases-payables Cycle.