At the British Academy for Training and Development, understanding the principles of accounting is essential in today’s competitive business environment. This guide will provide a comprehensive overview of accounting principles, emphasizing the critical financial concepts you should be aware of. Often referred to as the "language of the business world," accounting involves analyzing, recording, and processing a company's financial data through specific accounting systems. It offers insights into the health of your financial operations and forecasts future performance.
During each accounting period, all transactions are documented, leading to the issuance of three types of financial reports that assist in making informed decisions for the company:
Income Statement: Also known as the profit or loss statement, this report indicates whether the company's operations generate profit or loss and highlights areas with excessive expenses.
Budget: This report provides an overall view of the company, detailing the value of its assets, financing methods, and shareholders' equity at a specific time.
Statement of Financial Flows: This report informs owners and managers about the company’s cash flow activities over a designated period, highlighting the importance of maintaining healthy cash flow for future continuity.
As a business owner or manager, grasping accounting principles can significantly influence your company’s trajectory. The choices you make, informed by clear accounting, can propel your business forward or hold it back. Accountability offers clarity, enhancing decision-making. Therefore, understanding your financial figures is vital for supporting future outcomes.
After completing the program, participants will be able to master the following topics:
Principles of Report Preparation and Presentation:
Main pillars of the General Budget
1- It is a future plan for the coming periods of time.
2- The budget is not a goal, it's rather a tool and translation of the plans and objectives that the Management seeks to reach, through the interpretation of objectives into financial and quantitative figures.
Main objectives of the General Budget
1- Planning.
2 - Controlling over the implementation of operations.
3- Evaluating performance and granting incentives.
4- Facilitation of communication and coordination between different departments
5 - Distribution of available resources on different sections, as needed.
Note / Price varies according to the selected city
Accounts Payable: Planning, Organizing and Achieving Best Practices
2025-01-13
2025-04-14
2025-07-14
2025-10-13