It allows the entrepreneur to understand the financial stature of the business at any given point in time. It is essential to record all the financial transactions and keep the books updated. Sales Returns and Discounts c.Bookkeeping is needed from the launch of a business, and its significance increases as the company makes progress through the years. Inventory Cost Method 5.3 Accounting for Sales and Receivables a. Cash Flow Statement 5.2 Accounting for Inventory a. Policies and Procedures for Cash Receipts and Disbursements d. Introduction 1.1 The Need for Accounting in Business 1.2 Business and its Motive 1.3 The Decision Makers 2. The Accounting Structure of a Business 2.1 Forms of Business Organization 2.2 Types of Business Operations 2.3 The Chart of Accounts 2.4 The Business Forms 2.5 The Book of Accounts 2.6 The Accounting Equation 2.7 The Accounting Period 2.8 The Statement of Capital 3. Determining Income from Operations 3.1 Revenues, Expenses, Net Income and Net Loss 3.2 Cash and Accrual Methods of Bookkeeping 3.3 Depreciation of Fixed Assets 3.4 Income Statement for a Service Company 3.5 Income Statement for a Merchandising Company 3.6 Income Statement for a Manufacturing Company 4. The Bookkeeping Cycle (The Accounting Process) 4.1 The Recording of Transactions 4.2 Posting to the General Ledger 4.3 Preparation of Trial Balance 4.4 Preparation of Adjusting Entries 4.5 Preparation of Financial Statements 4.6 Closing the Books of Accounts 4.7 The Revising Entries 5. The Worksheet 5.1 Accounting for Cash a. And anyone who wants to Learn Accounting. To appreciate Accounting and Bookkeeping in a relative and engaging way.To be confident when bookkeeping through actual practice sets.To learn how to Account for Cash, Inventory, Sales and Receivables.To be able to prepare, analyze and adjust the 4 Financial Statements ( Balance Sheet, Income Statement, Cash Flow Statement, and Statement of Changes in Equity).To be knowledgeable of the proper way to record Financial Transactions in Journals and in the General Ledger.To have a general understanding of the importance of Accounting and Bookkeeping in the Financial Management side of Business.Objectives: By the end of the seminar, participants will be able to: So you can understand how financials flow from the eyes of a bookkeeper. Expect an Integrated learning experience with relative discussions and practical exercises. It is important to have an accurate bookkeeping because this will let you see a clearer picture of a company’s financial health. Overview: Bookkeeping Basics: Essential Training for Non-Accountants is a training course designed to coach its participants in learning how to record financial transactions the right way. Venue: 1625 City & Land Mega Plaza, ADB Ave.
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