INTRODUCTION
The main responsibility of an Accounts Assistant is to support the finance manager with business accounting activities. This includes raising, sending and paying invoices, reconciling company accounts and chasing late payments. Accounting Assistants support the Accounting department by performing clerical tasks, including processing and recording transactions, preparing reports and budgets, fielding communications with clients and vendors, fact-checking, filing, and other duties, as needed.
This training course will introduce you to the skills relating to understanding key areas within accounting. This course will provide a great insight into your role in working closely with senior accountants with the use of practical examples throughout the course.
OBJECTIVES
By the end of the Certified Accounts Assistant Program, participants will be able to: Providing support to the Accounting Department.
Performing basic office tasks, such as filing, data entry, answering phones, processing the mail, etc. Handling communications with clients and vendors via phone, email, and in-person.
Processing transactions, issuing checks, and updating ledgers, budgets, etc.
Preparing financial reports.
Assisting with audits, fact checks, and resolving discrepancies.
Define the accounting cycle.
Discover how accounting affects their day-to- day business.
Outline the components of financial statements.
Perform every step of the accounting closing cycle.
Get up-to-date with accounting terminology that will enable them to perform more effectively at work.
WHO SHOULD ATTEND ?
This Certified Accounts Assistant Course ideal for: Anyone who is familiar with accounting principles already, wants to get started working with accountants in the accounting and payroll field, looking for more training, or just interested in this field of study.
COURSE OUTLINE
Day 1
Introduction to Accounting
Importance of Accounting and the Accounting Cycle. Accounting Regulatory Bodies.
International Financial Reporting Standards (IFRS).
Generally Accepted Accounting Principles (GAAP).
Accounting Rules Updates and Changes.
Stakeholders and Users of Accounting Information.
Company Structures and Business Activities.
Accounting Principles and Guidelines.
Other Characteristics of Accounting Information.
How Principles and Guidelines Affect Financial Statements.
Day 2
Analysing Transactions
Identifying Account Names.
Classifying Accounts.
Interpreting Account Movements. The Double Entry Accounting
Debits and Credits.
The Importance of T-Accounts.
The 7 Rules of Debits and Credits. Sub-Ledgers and General Ledgers.
Preparing Trial Balance.
Day 3
Adjustment Process
Adjusting Assets and Liabilities, Revenues and Expenses:
Accrued Liabilities / Expenses and Revenues.
Deferred Assets / Expenses and Revenues. The Process of Preparing Adjusted Trial Balance. Adjustments for Contra-Accounts.
Closing Process
The Four Important Closing Entries. Using the 10-Column Worksheet. Preparing Financial Statements: Income Statement.
Balance Sheet.
Understanding and Preparing Closing Trial Balance.
Day 4
Assets Accounting and Reporting
Accounting and Presentation of Cash, Petty Cash and Cash Reconciliation.
Accounts Receivable and Allowances.
Inventory Costing and Valuation.
Recording and Maintaining Fixed Assets.
Depreciation and Accumulated Depreciation.
Intangible Assets and Other Non-Current Assets.
Day 5
Current Liabilities and Accruals
Accounts Payable and Notes Payable.
Accrued Liabilities.
Short and Long-Term Loans.
Understanding Shareholders Equity
Share Capital.
Retained Earnings.
Government and Management Reserves.
IN-HOUSE TRAINING
LPC Training is capable of conducting this training programme exclusively for your delegates. Please e-mail us on admin@lpcentre.com for further information and/or to receive a comprehensive proposal.
www.lpcentre.com
DOCUMENTATION
LONDON
Oxford Street Offices:
London - Oxford Street
High-Quality material has been prepared by the LPC team for distribution to delegates. In addition, a special note pad to facilitate note-taking will be provided.
25 N Row, London W1K 6DJ
+44 (0) 20 36 916 970
CERTIFICATES
West London Office: 47 49 Park Royal Road
London NW10 7LQ
Accredited Certificate of completion will be issued to those who attend & successfully complete the programme.
SCHEDULE
Our Course timings commence at 09:00 and conclude at 13:00.
REGISTRATION & PAYMENT
+44 (0) 20 80 900 464
info@lpcentre.com
DUBAI Business Bay - Marasi Drive
Churchill Tower commercial 1, Office 107
+971 4 421 4616
Please complete the registration form on the course page & return it to us indicating your preferred mode of payment. For Further Information, please get in touch with us.
KUALA LUMPUR
CANCELLATION AND REFUND POLICY
Delegates have 14 days from the date of booking to cancel and receive a full refund or transfer to another date free of charge. If less than 14 days notice is given then we will be unable to refund or cancel the booking unless on medical grounds.
For more details about the Cancellation and Refund policy, please visit www.lpcentre.com/terms-and-conditions/
TRAVEL AND TRANSPORT
No. 03-06-05, UOA Business Park, Jalan Pengaturcara U1/51A, Section U1, Kawasan Perindustrian Temasaya, 40150 Shah Alam, Selangor +60 19-305 5694
We are committed to picking up and dropping off the participants from the airport to the hotel and back.
www.lpcentre.com
www.lpcentre.com