Manual Accounting Training

Advance Accounting course contents: 

Advance Accounting training course offered by Bright Future Training Institute Dubai will cover the following topics;

Part 1:  Welcome to the World of Accounting

• Accounting Information
• The Accounting Profession and Careers
• The Fundamental Accounting Equation
• How Transactions Impact the Accounting Equation
• The Core Financial Statements

Part 2: Information Processing

• Computerized Processing Systems

Part 3: Income Measurement

• “Measurement Triggering” Transactions and Events
• The Periodicity Assumption
• Inventory valuation (FIFO, LIFO Average)
• Accounting for Depreciation
• Basic Elements of Revenue Recognition
• Basic Elements of Expense Recognition
• The Adjusting Process and Related Entries
• Accrual- Versus Cash-Basis Accounting
• Accounting – Versus Economic Versus Law

Part 4: The Reporting Cycle

• Preparing Financial Statements
• The Accounting Cycle and Closing Process
• Reversing Entries
• Classified Balance Sheets
• Cash Flow Statement as per IFRS