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FINANCE AND BUDGET COURSES

Accounting Assistant Skills Development Course

N190,000
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Date and Venue

None - None
Bolingo Hotel and Towers, CBD, Abuja
None - None
The International Conference Centre University of Ibadan
None - None
Top Rank Hotels Galaxy, Ikeja, Lagos
None - None
Top Rank Hotels Galaxy, Ikeja, Lagos

Description

  ABOUT THE COURSE

The role of Accounting Assistant in business is changing rapidly. The ever-changing technologies have brought tremendous changes in the way an accounting assistant performs the work from traditional bookkeeping to maintaining accounting digitally.

What has changed in the role of an Accounting Assistant? Increased demand for business planning services requires an accountant to change his role to that of a business advisor. There is a dynamic shift toward accounting software programs and it’s becoming more automated.

Thus it’s opening new opportunities for the accounts to engage with clients, focussing on business strategy instead of number-crunching processes. Services such as taxation, bookkeeping, brokerage and specific roles for cloud integration requires a specialist approach  by an accounting assistant. 

This training course will empower you in the changing role of accountants and help you acquire new sets of skills that are required by accountants to stay abreast of technological trends. Be open to learning new technologies and learning to optimise accounting software solutions and cloud-based apps to meet the needs of your organisation.

Course Objectives:

The objective of this training is to provide you with up to date knowledge and practical skills in applying the basic concepts and principles of accounting in preparing financial statements

Upon completion of this course, participants will be able to:

  • Develop an understanding of the basic concepts and principles of Accounting under Double-entry system
  • Understand the meaning and significance of accounting
  • Apply the qualitative characteristics that will help to develop the skill in the course of time to prepare financial statements
  • Apply the rules of Debit and Credit under the Traditional approach and Accounting equation approach
  • Practise how to record financial transactions and report them in financial statements

Who Should Attend:

Accounting assistants, administrative assistants, junior accountants, accounting

 trainees, accounts clerks, administrative secretaries working with accounts and

support staff.

 

 

COURSE CONTENT

 
 

Module 1 – Theoretical Framework

  • Meaning and Scope of accounting
  • Accounting Concepts, Principles and Conventions
  • Accounting terminology – Glossary
  • Capital and revenue expenditure, Capital and revenue receipts, Contingent assets and contingent liabilities
  • Accounting Policies

Module 2 – Basic Accounting Process

  • Double Entry System
  • Advantages of Double Entry System
  • Rules of Debit and Credit
  • Accounting Equation Approach
  • Traditional Approach
  • Modern Classification of Accounts
  • Recording transactions in Journal

Module 3 – Recording Transactions in Subsidiary Books

  • The distinction between Subsidiary Books and Principal books
  • Purchases Book
  • Sales Book
  • Sales Returns Book or Returns Inward Book
  • Purchase Returns or Returns Outward Book
  • Cash Books
  • Importance of Journal

Module 4 – Ledgers

  • Introduction to Ledger
  • Specimen of Ledger Accounts Posting
  • Balancing an Account

Module 5 – Closing the Accounts

  • Bank Reconciliation Statement
  • Recording depreciation for Fixed Assets
  • Valuing the inventories
  • Recording outstanding expenses
  • Recording provision for doubtful debts

Module 6 – Preparation of Trial Balance

  • Objectives of Preparing the Trial Balance
  • Limitations of Trial Balance
  • Methods of Preparation of Trial Balance
  • Adjusted Trial Balance (Through Suspense Account)
  • Rules of Preparing the Trial Balance

Module 7 – Preparation of Financial Statements

  • Five Elements of Financial Statements (Equity, Income, Expense, Assets & Liabilities)
  • The objective of Financial Statements
  • Primary Financial Statements
  • Statement of Financial Position or Balance Sheet
  • Statement of Profit or Loss
  • Statement of Cash Flows
  • Statement of Changes in Equity
  • Notes to Financial Statements

Module 8 – Accounting in Digital Environment

  • Salient Features of Digital Accounting
  • Codification and Grouping of Accounts
  • Maintaining the hierarchy of ledgers
  • Accounting Software Using Ms-Excel