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Accounting For Non Accountants
Accounting For Non Accountants
Training Activity Rate
عصام الملازم
Training activity Hours
Training activity Date
Training Activity Days
Start and End Time
17:00 - 20:00
Training Activity Classification
Course Language
In class
Type of Training
short courses
Deadline for registration
Price For Jordanian
120 JOD
Price For Non Jordanian
300 US$

By the end of this training course, trainees will be able to :

-   Discuss the basic definition and principals of financial accounting and the basic equation of accounting.

-   Specify the accounting cycle.

-   Journalize and post the financial transactions of an entity.

-   Prepare adjusting journal entries and extracting an adjusted trial balance.

-   Prepare the financial statements of the entity.

-   Specify the inventory cycle, inventory systems and how to journalize the inventory transactions.

-   Identify the cost flow assumption of inventory valuation.

Target Group

-   Corporate staff and personnel who has no knowledge in accounting concepts but could have a need to acquire that knowledge such as:

-     IT Personnel

-     Human Recourses Personnel.

-     Sales Department Staff.

-     Procurement and Warehousing Staff.

-     Other Staff who interact with accounting and finance department.


-   Basic principles:

-     Defining the financial accounting profession and it’s principles and assumptions.

-     State the accounting equation, and define its components (Assets, Liabilities and Owners’ Equity).

-     Analyze the effects of business transactions on the accounting equation.

-   The recording process:

-     Describe how accounts, debits, and credits are used to record business transactions.

-     Indicate how a journal is used in the recording process.

-     Explain how a ledger and posting help in the recording process.

-     Prepare a trial balance.

-   Adjusting the accounts:

-     Explain the accrual basis of accounting and the reasons for adjusting entries.

-     Prepare adjusting entries for deferrals.

-     Prepare adjusting entries for accruals.

-     Preparing adjusted trial balance.

-   Completing the accounting cycle and financial statements:

-     Prepare closing entries and a post-closing trial balance.

-     Preparing the financial statements.

-     Statement of financial position (balance sheet).

-     Statement of income.

-     Statement of changes in owners’ equity.

-   Inventory accounting:

-     Describe merchandising operations and inventory systems.

-     Record purchases and sales under a perpetual inventory system.

-     Record purchases and sales under a perpetual inventory system.

-     Understanding the cost flow assumptions (FIFO, LIFO, Weighted Average and Specific Identification).

-   Fixed Assets Accounting:

-     Determining the initial cost of fixed assets.

-     Understanding and calculating the depreciation cost and determine the net book value of the assets.

-     Derecognition of fixed assets accounting.

-   Revenue Recognition Principle:

-     Revenue recognition of goods (at point of sale).

-     Revenue recognition of services.

-     Accounting of sales returns and sales discounts.

-   Account Receivables Accounting:

-     Recognition of account receivables.

-     Valuation of account receivables (Including accounting for bad debt expenses).


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