Basic Accounting Concepts & Preparation of FS

Course Contents:

1.  Background of Accounting Standards
2. List of IASs and IFRSs
3. Differences between IAS/IFRS and USA GAAP
4. Elements of Financial Statements
5. Components of Financial Statements
6. Key concepts of accounting for preparation of Financial Statements
7. Rules determining debit and credit
8. Items included in the Statement of Financial Position
9. Items included in the Statement of Profit or Loss and Other Comprehensive Income
10. Demo of Financial Statements in excel sheet based on Trial Balance

Who would be benefited after this training:

1. Management Trainees
2. Accounts/Finance Executives
3. Manager/Sr. Manager (F & A)
4. Tax and VAT consultant, legal consultant
5. Professional students, like, CA, CMA, ACCA, CGA, CFA, CS
6. Graduate Students
7. Anybody who is interested

Importance of this training: 

As a chartered Accountant, I am in expert in this field. I am working more than 13 years in various industries. In addition, I am working more than 8 years as a professional trainer to train local and foreign students.  As a practitioner-chartered accountant, I have found that there are some sorts of fear in case of accounting, especially nonprofessional students. Besides, I have found mistake in audit clients that they do not prepare in their accounts in proper way due to lack of professional knowledge. Apart from these, in financial statement presentation, there is also lack of proper disclosure.

In this training, I will discuss basic concepts of accounting and give guidelines how to develop your accounting concepts based on my experience and I will show a demo account of financial statements in excel form where you will get appropriate presentation and disclosure of Financial Statements.