UNITED ARAB EMIRATES MINISTRY OF EDUCATION
Who are the Beneficiary? This intensive training program is designed for those who would like to develop career as
Accounting
Software
• Financial Accountant • Financial Controller • Financial Manager • Management Accountant • Chief Financial Officer etc. in Training & Manufacturing companies, Engineering and Construction, Manufacturing and Industrial, Oil and Gas/ Petrochemical, Education and Training, Retail, Financial Services, Information Technology, Automotive, Media Production, E-Business Enablers, Marketing and Sales etc
Course Material: The student would be provided with lecture notes as handouts or books whichever is appropriate to the lecture. Recommended reference books or websites would be suggested to the students for further reading if the student needs a deeper understanding of the topics that are covered in the class.
Certification: Course Completion Certificate would be issued at the end of the training by Zabeel International. This certificate can get attested from Ministry of Education , UAE.
Course Content: SESSION 1A.
Peachtree Installation and Setup.
Explanation of Session 1A and Session 1B. Explanation and Walk-Through of the Installation of Peachtree Complete Accounting. Installing the Student Data Set.
Basic Accounting.
SESSION 1B.
Accounting in General
The Transaction Process. Launching Peachtree Complete Accounting 2008 Software. Entering General Journal Transactions. Before You Continue. Posting the Transaction. Editing a General Journal Entry. Financial Statements. Generating the Income Statement. Generating the Retained Earnings Statement Generating the Balance Sheet. Generating the Statement of Cash Flows. Identifying Your Work. Labeling Your Disk. Identifying a Folder. Identifying Your Work Directly on a Peachtree Report. Placing Your Name in the Header of the Report. Adding Your Name to the Name of the Company. Comprehensive Do It! Problem: Joan Robinson, Attorney at Law. The Account.
SESSION 2
The Recording Process.
The General Journal Owner's Equity. Revenues and Expenses. The Chart of Accounts. How Account Are Assigned Numbers. Setting Up a New Account The General Ledger. Assets and Liabilities. Account Types. The Trial Balance and the Working Trial Balance. Changing Accounting Periods. Comprehensive Do It! Problem: Campus Laundromat.
Selecting an Accounting Time Period.
SESSION 3
Adjusting the Accounts
Fiscal and Calendar Years. Introducing Pioneer Advertising Agency. Basics of Adjusting Entries. Supplies. Prepaid Assets (Insurance and Rent) Depreciation. Unearned Revenue. Accrued Revenues. Accrued Expenses. The Affect of Adjusting Entries. Comprehensive Do It! Problem: Green Thumb Lawn Care Company. Using a Worksheet.
SESSION 4
Completion of the Accounting Cycle
The General Ledger Trial Balance. The Working Trial Balance. Working with the Excel Working Trial Balance. Manually Closing the Books. Auto Closing the Books. Comprehensive Do It! Problem: Watson Answering Service Merchandising Operations.
SESSION 5
Accounting for
Merchandising Operations
Perpetual Vs. Periodic Inventory, LIFO, FIFO, Average Cost. Accounts Payable Defaults. Entering Vendor Information. Inventory Defaults. Entering Inventory Information. Accounts Receivable Defaults. Entering Customer Information. Buying Merchandise Inventory with a Purchase Order. Receiving Merchandise Purchased with a Purchase Order. Entering bills from Vendors. Purchasing and Receiving Inventory –Accounts Payable. Purchasing and Receiving Inventory – Cash. Vendor Credit Memos. Selling and Delivering Inventory – Accounts Receivable Selling and Delivering Inventory – Cash. Refunding a Sale on Accounts Receivable. Refunding a Sale on Cash. Entering Inventory Adjustments. Multiple-Step Income Statement.
Advantages of Using the Peachtree Inventory System.
SESSION 6 Inventories
Cost Methods. Average Cost. Last In, First Out (LIFO) Inventory. First In, Last Out (FIFO) Inventory. Inventory Reports. Comprehensive Do It! 2 Problem: Gerald D. Englehart Company. Basic Concepts of Accounting Information Systems.
SESSION 7
Accounting Information Systems
Manual Vs. Computerized Systems. Subsidiary Ledgers and Peachtree Reports. The Accounts Receivable Ledger. The Accounts Payable Ledger. Special Journals. Sales/Invoice SCREEN. The Receipts Journal. The Purchases/Receive Inventory Journal. The Cash Payments Journal Internal Control.
SESSION 8
Fraud, Internal Control and Cash
Peachtree Reports that Aid in the Control of Cash. Establishing the Petty Cash Fund. Making Payments from the Petty Cash Fund. Replenishing the Petty Cash Fund. Reconciling the Bank Account. Comprehensive Do It! Problem: Poorten Company Types of Receivables.
SESSION 9
Accounting for Receivables
Accounts Receivable. Notes Receivable. Other Receivables. Recognizing Accounts Receivable. Write Off of a Customer Bad Debt. Allowance for Uncollectible Accounts. Aged Receivables Report Recovery of an Uncollectible Account. Credit Card Sales. Set Up Peachtree to Accept Credit Card Receipts. Set Up a Credit Card Vendor for Customer Receipts. Enter Customer Credit Card Receipts. Notes Receivable. Comprehensive Do It! Problem, Falcetto Company.
Setting Up a Plant Asset Account Creating the Fixed Asset Account(s)
SESSION 10
Plant Assets Natural Resources and Intangible Assets
Making the Entry. Recurring Transactions for Monthly Depreciation for the Warehouse. Revising Periodic Depreciation. Retirement of Fixed Assets. Comprehensive Do It! 2 Problem: Skyline Limousine Co.
Current Liabilities.
SESSION 11
Current Liabilities & Payroll Accounting
Journal Entries for Current Liabilities. Setting Up Sales taxes. Collecting Sales Taxes. Unearned Revenues. Recording a Contingent Liability. Payroll Overview. Navigation Aids Payroll. Employees Defaults. Setting Up an Employee. Paying Employees. Voiding Checks. Payroll Reports. Payroll Entries Using the General Journal. Comprehensive Do It! Problem: Indian Jones Company.
SESSION 12
Accounting for Partnerships
SESSION 13
Corporations: Organization &
Capital Stock Transactions
Partnership Form of Organization. Setting Up a Partnership in Peachtree.
The Corporate Form of Organization. Retained Earnings. The New Corporation. Issuing Common Stock for Services or Noncash Assets. Treasury Stock. Preferred Stock. Comprehensive Do It! Problem: Rolman Corporation.
SESSION 14 Corporations:
Dividends, Retained Earnings & Income Reporting
Dividends. Violations of Concepts – Must Read! Peachtree Entries for Cash Dividends. Peachtree Entries for Stock Dividends. Comprehensive Do It! Problem: Hayslett Corporation
Bond Basics.
SESSION 15
Long-term Liabilities
Bonds at Face Value. Bonds at a Discount. Bonds at a Premium. Long-Term Notes Payable. Comprehensive Do It! Problem: Synder Software Inc.
SESSION 16 Investments
SESSION 17
The Statement of Cash Flow
SESSION 18-26 Using the General Ledger
Why Corporations Invest. Accounting for Debt Investments
The Purpose of a Statement of Cash Flows
Peachtree Vs. the General Ledger package. General Journal Transactions. Editing a General Journal Entry. Financial Statements Generating the Income Statement. Generating the Statement of Owner's Equity/Retained Earnings. Generating the Balance Sheet. Generating the Statement of Cash Flows
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