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Accounting for Non-Accountants I

Course Name Accounting for Non-Accountants I
Schedule September 13, 2017 - September 15, 2017

Wednesday - Friday 
9:00 am - 5:00 pm 

Price: Php 19,200
Description

This course is designed for individuals without accounting background but who need to understand and appreciate how business transactions are recorded, summarized, and interpreted for commercial decision-making purposes. Through a series of exercises, participants get a hands-on experience on the practical application of theories and concepts in the “accounting cycle,” from event/transaction recognition to financial statement preparation, review, and appreciation.

Objectives

After the course, you will:

1. Gain an insight on the fundamental principles and concepts underlying resource valuation and income determination in business;

2. Explain the accounting process, structure accounting entries, and recognize basic lapses in transaction recording and financial reporting;

3. Appreciate the contents, purpose, usage, and limitations of financial statements, i.e., balance sheet, income statement, and cash flow statement  for decision-making purposes; and

4. Install basic internal controls to safeguard assets and maintain the integrity of the accounting and financial reporting process.

Who should attend
  • Entrepreneurs
  • Business owners and decision-makers
  • Other professionals tasked to perform accounting or bookkeeping functions but do not currently possess the required training and/or skill for the job
Outline

I. Accounting and financial reporting overview

   A. Course coverage, objectives and format

   B. Legal and functional forms of business organization

   C. Conceptual framework of accounting and financial reporting

      1. Basic accounting concepts, principles, terminologies

      2. Financial reporting rules (PAS, PRFS, IAS, IFRS)

   D. Exercises

II. The accounting process

   A. Essential components

      1. Chart of accounts

      2. Transaction media

      3. Books of accounts

      4. Financial statements

   B. Double entry bookkeeping

   C. The accounting cycle

   D. The accounting process: Exercises and practical application

      1. Transaction analysis

      2. Journal entries

      3. Ledger posting

      4. Trial balance

      5. Adjusting entries

      6. Financial statement preparation

      7. Closing entries

III. Basic financial statement analysis

   A. Understanding financial statements: Format, contents, uses, limitations, variations

   B. Critical information

   C. Illustrative review of balance sheet, income statement and cash flow statement (as time permits)

Resource Speakers
Mr. Larry S. Esguerra IV

is the Director for Credit Programs at the Ateneo-BAP Institute of Banking, the Program Director for Finance at the Ateneo Center for Continuing Education, and a professor of Finance at the Ateneo Graduate School of Business.

Testimonials

"The course enables non-accountants to have a more in-depth appreciation of the business cycle." - Jericho P. Castro Asst. Manager, Seafreight, Transglobal Consolidators

"I had an excellent learning experience of the theoretical aspects backed up by practical exercises and real-world examples related by the facilitator." - Jose Miguel S. Manalo Practicing lawyer - Manalo Puno Law

"Ang galing ni Sir Larry. He knows the topic very well. I learned a lot." - Rowena Claveria Systems Analyst, The Medical City

"The exercises were a big help in learning the concepts. Sir Larry is a very engaging resource person. We learned a lot but had fun at the same time." - Maria Athena N. Masangkay Vice-President for Administration, Hooven Philippines, Inc.

"Our Prof made the difference. My long term dislike for accounting was dissolved by his witty and interesting approach to the subject." - Jennifer Gayle P. Singian Senior Manager, Financial Markets Group, Bank of the Philippine Islands