Introduction to Financial Accounting is a basic course offered by the British Academy of Training and Development to lay the base for further study in financial management and accounting. The course explains the role accounting plays as an assistant factor to make the financial decision. Students will be able to understand the role that accounting and reporting systems play in accounting in the organization's environment, as well as consider many conceptual issues related to accounting estimates.

Organizations dealing with funds are keen to register all transactions that enter into their force. This course offered by the British Academy for Training and Development offers a number of interactive exercises according to the "learning by doing" approach. The course explains the role accounting plays as an assistant factor to make the financial decision. Students will be able to understand the role that accounting and reporting systems play in accounting in the organization's environment, as well as consider many conceptual issues related to accounting estimates.

Financial accounting paves the way for people to work in the dual-entry system and expanding the understanding of the basic principles of financial accounting. This course offered by the British Academy sets the bases for subsequent courses in financial accounting.

Target audience of this course:

The British Academy for Training and Development offers this course to accountants, managers and people with functional tasks that require a good background in accounting and finance.

Course Objectives:

After completing the course, students will be able to learn the following:

• Accounting concepts.
• Accounting Equation.
• Accounting rules.
• Transaction registration.
• Modification and correction of commercial records.
• Preparation of financial statements.
• Financial statements analysis.
• Settlement of accounting records.

• Functions and areas of sub-accounting.
• Accounting course.
• Principles of accounting - concepts and conventions.
• Accounting Equation.
• Account types.
• Discount and credit rules.
• Understanding accounting framework.
• Understand the accounting process.
• Understand the completion process.
• Understand how financial statements analyzed.
• Understand how consumption accounted for.
• Understanding goods accounting.
• Settlement of cash flows and bank balances.
• Recordkeeping and accounting.
• Transaction analysis.
• Transaction registration.
• Registration in the ledger.
• Balance accounts.
• Prepare the audit balance.
• Basics of inventory accounting.
• Inventory accounting systems.
• Inventory evaluation methods.
• Inventory accounting.
• Inventory and its impact on financial statements.
• Principles and terms of bookkeeping.
• Accounting for transactions.
• Reconciliation between the control of debtors and creditors.
• Bank reconciliation statement.
• Systems and methods of inventory.
• Functions and areas of sub-accounting.
• Accounting course.
• Principles of accounting - concepts and conventions.
• Accounting Equation.
• Account types.
• Discount and credit rules.
• Understanding accounting framework.
• Understand the accounting process.
• Understand the completion process.
• Understand how financial statements analyzed.
• Understand how consumption accounted for.
• Understanding goods accounting.
• Settlement of cash flows and bank balances.
• Recordkeeping and accounting.
• Transaction analysis.
• Transaction registration.
• Registration in the ledger.
• Balance accounts.
• Prepare the audit balance.
• Methods of consumption.
• Accounting consumption.
• Consumption and its effect on cash flows and income taxes.