Practical Accounting for Non-Accounting Professionals
- Date : 30 - 02 June 2022
- Duration : Evening(8:00 PM-10:00 PM)
- No. of Classes/ Sessions : 3 Sessions
- Class Schedule : Thursday-Friday-Saturday
- Total Hours : 6
- Last Date of Registration : 29 June, 2022 ( within 5pm )
- Venue : Online Virtual
Introduction
Professionals in every functional area need to understand the basic principles of accounting in order to make informed business decisions and to accomplish different organizational goals. Emphasizing the importance of Accounting data on the decision-making process, Accounting for the Non-Accounting professionals allows non-accounting business executives to become better users of financial information so they can be more strategic contributors to their organization and can accomplish different functions of the department/division for achieving the organizational goals.
Methodology
Practical, Interactive,Contents of Training:
Objectives of Learning: Understanding Basic Accounting Concepts- Accounting Golden rules
- Double entry bookkeeping system (Debit and Credit)
- Ledgers or Chart of Accounts
- Bill, Invoice, Accounts Payable and Accounts Receivable
- Financial reports (P/L accounts and Balance sheet)
- Assets, Depreciation and Liability
- Common accounting terminologies
- Business position analysis by using Ratio Analysis
- Daily cash register and bank register
- Accounting, Inventory and Payroll vouchers
- Simple overhead calculation
- Simple selling price calculation
- Cost of sale/Cost of goods sold
- Inventory valuation methods
- Trial balance, cash flow statement, receive & payments
- Cost center and cost units
- Graphical presentation of accounting data/reports
Accounting Masters:
- Create Ledgers/Chart of accounts
- Create Product and Services
- Create Customers and Suppliers
Money In
- How to Create credit sales
- Receive money against credit sales
- Create cash Sales receipts
- Create sales order
- Create sales return
- Create money Refund against sales return
- Create Sales reports
- Depositing money in bank
Money Out
- How to create credit purchase
- Create payment against credit purchase
- Cash payment and cheque payment
- Create cash purchase and cash expense
- Create purchase return
- Create purchase order
Others:
- Account to account money transfer
- Journal entry
- Recurring transactions
- Bank reconciliation
- Understanding business reports
Methodology:
Hands-on practical sessions
Preparation of Accounts and Financial Reports by using Accounting Software “QuickBooks online”.
Related Courses
QuickBooks is an accounting software program used to manage ...
Accounts & Finance
Resource Person
Foiz Ahmed
Proprietor, Ingress IT Solutions
Mr. Foiz Ahmed is the owner of Ingress IT. Which is an authorized sales partner of Tally Solutions Private Ltd, India and authorised regional sales partner of Intuit QuickBooks Asia Master Partner. He is a USA certified Intuit QuickBooks Online ProAdvisor Accountant and Xero Partner Accountant. He has 12 years’ experience in the field of ERP software implementation, training in various business verticals. More than 800 (Eight Hundred) Participants joined in his Training Programs time to time.
He also worked with International Islamic University of Chittagong, East Delta University and Daffodil University as Accounting Software trainer. Also participate many career development programs at different Universities and forums to motivate and guide students and professionals.
Besides these he is currently working as Accounts Officer at Haque and Sons Ltd (Largest manning company in Bangladesh).Academically he holds MBA degree (Major Finance) from IIUC.
Academically he holds MBA degree (Major Finance) from IIUC and also continuing his study with ICMAB.
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