Fundamentals of Accounting

Accounting has evolved into several essential branches, including financial, cost, and management accounting, making it a vital function in every business. It enables organizations to systematically record, classify, and report financial transactions to support decision-making and evaluate profitability and financial position.

Accounting information is widely used by stakeholders such as investors, employees, and managers to make informed financial and operational decisions. It also supports financial planning, performance evaluation, cost control, and future forecasting.

This training course provides a foundational understanding of accounting principles and their practical application in business environments. It introduces key accounting systems, processes, and techniques, serving both beginners and professionals seeking to refresh their knowledge.

Upon successful completion of this course participants shall be able to achieve the following objectives:

• Realize the need for accounting information in different aspects of the business.
• Understand the multi-facets of accounting and their application in personal as well as professional life.
• Be adept at reading and interpreting financial statements.
• Be aware of various accounting concepts and conventions.
• Understand what financial statements include and how they are prepared.
• Understand what and how accounting information is used in various management functions of planning, organizing, directing, and controlling.
• Understand how accounting skills help in tax planing.
• Achieve coordination among various departments through the smooth flow of financial information.

• Entrepreneurs/small business owners/start-up founders
• HR, marketing, production, finance executives and managers
• Accounting assistance
• Retail investors
• Financial analysts
• Relationship managers
• Financial advisers
• Financial planners