Basic Accounting


Basic Accounting Training in Dubai UAE provides the rules for the simulation, a general introduction to the process of business (financial statements, business terminology, fundamental business dynamics), and sets the framework of needing to manage separately for cash and profit.

Scenario based interactive training program include real time Financial Accounting practices, current employees job specific analysis and group discussions along with example based activities.

Learning Outcome

This program aims to introduce the accounting concepts and significance of and the ability to change the numbers and how to read the financial results and the understanding of accounting principles and the basis of calculation of profits.

Course Outline

  • Elements of Financial Statements
  • Conceptual Framework
  • Introduction to accounting equation
  • Types of financial statements and their purpose
  • Practical exercise
  • Activity Based Practice
  • Exercises
  • Further concepts
  • Ledgers Accounts & Double Entry
  • From Trail Balance to Final Accounts
  • Pre/post trial balance
  • Adjusting entries
  • Suspense account
  • Inventory
  • FIFO / LIFO / weighted average Inventory methods
  • Accruals and Prepayments
  • Hotel Industry Current Accounts
  • Irrecoverable Debts & Allowances
  • Provisions & Contingencies
  • Forecast & Budgeting
  • Bank Reconciliation
  • Control Account Reconciliation
  • Introduction to Cash Flow Statements
  • Statement of changes in equity
  • Statement of financial position
  • Notes to the accounts