Debits and Credits: How Accounting Really Works

Debits and Credits: How Accounting Really Works Master the principles of basic accounting! Make better strategic decisions and move business forward by better understanding financial reports. The language of business in every industry around the globe is rooted in the basic “accounting equation.”  So keep your accountants on their toes and make sure your books are sound. Use basic accounting principles to uncover and correct problems quickly by double-checking how sales, expenses, equity and debt are recorded. Developed for business professionals who have no work experience in accounting, this seminar walks you through basic accounting and gives you the skills and confidence to speak the “language of business” like an accounting pro. How You Will Benefit Make more informed decisions and save money Reduce costly errors caused by misunderstanding reports Understand how and when sales and expenses are recorded Impact the bottom line Control how your operation’s results are reported Evaluate the financial results of another division or company What You Will Cover Basic accounting terms and concepts Basic accounting processes and what they mean: cash accounting, accruals, allocations, prepaids, receivables, depreciation, amortization, goodwill, inventory, deferrals, reserves How transactions are entered into financial records Financial reports: including balance sheet, income statement and changes in equity Month-end closings: what to expect Who Should Attend Managers and supervisors who do not work in accounting, but who need to know how basic accounting works; anyone who has recently assumed accounting responsibilities. Extended Training Description Learning Objectives Demonstrate How Debits and Credits Work Together in the Accounting System Identify the Various Steps of the Accounting Cycle Explain the Audit Trail in the Accounting Cycle to Find and Correct Inputs to the System Identify How Your Responsibilities Fit in the Accounting Process Communicate Confidently Using Accounting Terminology and Acronyms Conduct Each of the Nine Steps of the Accounting Cycle What is Accounting? Define Accounting Define the Five Major Account Designations Used for Accumulating Economic Events for an Organization Explain the Accounting Equation Identify How Business Transactions Affect the Accounting Equation Recognize How Economic Events Can Affect a Business/Organization Accounting vs. Finance Define Accounting, Explaining the Difference between Finance and Accounting Explain the Basic Accounting Principles—GAAP Explain the Various Types of Accounting—Cost, Managerial, Tax, Financial, and Regulatory Explain Who Cares About Accounting Information, Why, and Who the Audience Is Define the Four Major Types of Financial Statements Accounting Cycle–Steps 1-4 Recognize the Nine Steps of the Accounting Cycle Apply Debits and Credits to Real Business Transactions Post Journal Entries to the General Ledger Verify that Accounts in the General Ledger Balance Accounting Cycle–Steps 5-6 Prepare Standard Adjusting Entries Prepare and Adjust Trial Balance Accounting Cycle–Steps 7-9 Prepare a Preliminary Financial Statement Using the Worksheet/Template Prepare Closing Entries Prepare a Post-Closing Trial Balance Communicate Understanding of Accounting Concepts and Linkages via Team Presentation   FOCUS TRACO INDONESIA Management & Technical Training Course Seminar Provider Download 2009 FOCUS Training Catalog

Instructor Team Expert Schedule November 19-20, 2009 2 days Venue Melia Panorama Hotel Batam Tuition Fee  Rp. 3.400.000,-   per participant, excluding accommodation & tax. Registration Send by email -or- fax to: PT. FOCUS TRACO INDONESIA Wisma Pakuan, Jl. Pakuan 12 BOGOR – 16143 (021) 7009-9943   (0251) 2169-150 (0251) 7534-984 training@focustraco.com