Overall goal:
• Introducing participants to the most important concepts and principles of accounting and the accounting cycle.
• Enable participants to identify the main accounting rules and principles within the framework of International Financial Reporting Standards (IFRS).
• Learn the basic accounting equation, recording double-entry accounting operations, and the mechanism of new accounting systems.
• Identify the main financial statements and their respective elements, such as the balance sheet, income statement, changes in the statement of equity, and cash flows to shareholders.
• Learn how to make adjusting entries for financial statements at the end of the month and year.
Course topics
1. Introduction to accounting
2. Users of accounting information
3. Accounting defaults
4. Accounting principles
5. Foundations of accounting measurement
6. Accounting life cycle
7. Elements of the income statement
8. Double entry system
9. Trial balance
10. Inventory valuation
11. Consumption
12. Exercise (depreciation calculations)
13. Financial reports (statements)
Target groups
1. Investors who want to establish a small project.
2. Corporate managers who want to understand the financial matters of the company.
3. Owners of medium and small companies.
4. Entrepreneurs.
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