The British Academy for Training and Development offers accounting for non accountants training course. The pursuit of this comprehensive training course on Accounting for Non-Accountants is an introduction to, and an understanding of, the role of accounting in supporting and informing all business decisions throughout all levels of the organisation. It is designed for persons who access, use, and rely on accounting information but who neither have an accounting background nor have received any previous training in accounting. This training course leads you into the world of accounting from basic concepts in non-technical language.

People attending this Accounting for Non-Accountants training course will leave with a clear understanding of the structures of the accounting system, the information it contains, and how such information is accessed and retrieved. You will learn from many practical examples and illustrations on how information about business transactions and activities entered into the accounting system is then utilised by the organisation for its benefit. You will understand that accounting is pivotal in supporting the day-to-day operations, decision-making, and effective business control. 

Objective:At the end of this training course, attendees will:Be Capable of Recording Transactions in the Accounting SystemKnow the Format and Contents of Financial StatementsUse Accounting Information to Interpret and Evaluate a BusinessMake Efficient and Profitable Decisions, Based on Cost InformationApply Budgetary Control Techniques with the aim of Ensuring Targets Are AchievedWho Should Attend?

This course is ideal for:

AdministratorsMarketing StaffProduction and Production Control StaffLogistics StaffSmall Business Owners or ManagersDivisional ControllersHow will attendees benefit?

Attendees  in this course will gain many benefits, including:

Enhanced Financial Literacy: Attendees will learn accounting words, principles, and concepts in a way to become confident in reading and interpreting financial statements.Better Operational Decisions: Understanding basic accounting will allow administrators to make better operational and financial decisions based on real financial information.More Control over Budget: Attendees will learn how they can better prepare and administer their budgets so that they can control their departments' expenditures.Better Communication with Financial Services: The course will fill the bridge so that administrators will communicate clearly and intelligently with accountants, auditors, and finance managers.Increased Professional Value: Administrators understanding accounting concepts are more marketable with more skills for their organisations, which leads to better career opportunities.Risk Reduction: The ability to assist in fundamentally understanding the financial processes and compliance requirements is another avenue by which cost-inefficient financial errors and mistakes could be avoided.

The course gives administrators the ability to secure and maintain the financial health of their organisations while empowering the development of their professional skills.

Introduction to Accounting and Accounting Systems

• Why Accounting is Important?

• The Basics of Financial Accounting

• The Double-entry Accounting Method

• Developing the Accounting System for Large-scale Application

• Recording Entries in the Accounting System – A Case Study

• Control Systems and Reconciliations

• Adjusting for Depreciation and Inventory

• Preparing the Income Statement and Balance Sheet

Preparing Accounting Statements

• Types of Business Entity

• The Structure and Format of Accounting Statements

• Understanding Depreciation and How it is Calculated

• Adjusting for Amortization and Impairment

• Identifying and Valuing Inventory

• Accounting for Sales Taxes and Profit Taxes

• Recognizing Revenue

• Preparing the Cash Flow Statement

Financial Reporting – Applying the Standards

• The Importance of Financial Reporting Standards

• The Financial Reports of Listed Public Companies

• Finding Useful Information in the Annual Financial Report

• What are Group Financial Reports?

• Preparing a Simple Group Balance Sheet

• Interpreting the Financial Statements using Common-size Analysis

• Interpreting the Financial Statements using Ratio Analysis

• Where to Find Published Analysis on Companies

Management Accounting – Data Analysis for Decision Making

• The Purpose of Management Accounting

• Responsibility Accounting

• Collecting and Classifying Costs

• Preparing Product and Service Cost Summaries

• Absorption Costing vs. Activity-Based Costing

• Separating Fixed and Variable Costs

• Break-even Analysis and Applications

Preparing and Using Budgets – for Efficiency and Profitability

• Budgets and Budgetary Control

• Developing the Annual Budgets

• The Benefits and Limitations of Budgets

• Preparing Functional Budgets

• Preparing a Cash Budget

• Alternative Budgeting Methods