Fundamentals of Accounting and Bookkeeping Training Course

Module 1: Introduction to Accounting and Bookkeeping

• The purpose of accounting and bookkeeping
• The difference between accounting and bookkeeping
• The key users of financial information
• The role of accounting principles (e.g., accrual basis)
• Practical session: A discussion on a case study of a company's financial records

Module 2: The Accounting Equation and Double-Entry System

• The fundamental accounting equation: Assets = Liabilities + Equity
• The concept of debits and credits
• The rules of the double-entry system
• The purpose of a chart of accounts
• Practical session: A hands-on exercise on recording a series of business transactions using debits and credits

Module 3: Financial Statements and Reporting

• The purpose and components of the income statement
• The purpose and components of the balance sheet
• The purpose and components of the cash flow statement
• The importance of an audit trail
• Practical session: A hands-on exercise on preparing a simple income statement and balance sheet

Module 4: The Accounting Cycle

• The steps of the accounting cycle
• The purpose of a general ledger
• The importance of a trial balance
• The role of adjusting entries and closing entries
• Practical session: A hands-on exercise on completing a full accounting cycle for a small business

Module 5: Cash, Accounts Receivable, and Inventory

• The importance of cash management
• The process of managing accounts receivable
• The importance of inventory management
• The role of a bank reconciliation
• Practical session: A group exercise on how to manage a company's cash flow

Module 6: Accounts Payable and Payroll

• The process of managing accounts payable
• The purpose of a payroll system
• The role of employee records and payroll taxes
• The importance of a clear and consistent payment policy
• Practical session: A hands-on exercise on calculating and recording payroll

Module 7: Fixed Assets and Depreciation

• The definition of fixed assets
• The purpose of depreciation
• Different depreciation methods
• The role of asset management
• Practical session: A hands-on exercise on calculating depreciation using a variety of methods

Module 8: Financial Analysis and Budgeting

• The purpose of financial analysis
• The use of key financial ratios
• The purpose of a budget
• The importance of a variance analysis
• Practical session: A hands-on exercise on performing a financial analysis on a company's financial statements

Module 9: Technology in Accounting and Bookkeeping

• The role of accounting software
• The benefits of cloud-based accounting
• The importance of data security and privacy
• The role of artificial intelligence and automation
• Practical session: A group discussion on a case study of a company's transition to a new accounting software

Module 10: Capstone Project: End-to-End Bookkeeping

• A comprehensive review of all course modules
• Participants work on a full-scale bookkeeping project
• Recording all transactions, preparing financial statements, and analyzing the results
• Presenting their findings and recommendations
• Practical session: Finalizing and presenting a complete bookkeeping project to the group

Requirements:

·       Participants should be reasonably proficient in English.

·       Applicants must live up to Armstrong Global Institute admission criteria.

Terms and Conditions

1. Discounts: Organizations sponsoring Four Participants will have the 5th attend Free

2. What is catered for by the Course Fees: Fees cater for all requirements for the training – Learning materials, Lunches, Teas, Snacks and Certification. All participants will additionally cater for their travel and accommodation expenses, visa application, insurance, and other personal expenses.

3. Certificate Awarded: Participants are awarded Certificates of Participation at the end of the training.

4. The program content shown here is for guidance purposes only. Our continuous course improvement process may lead to changes in topics and course structure.

5. Approval of Course: Our Programs are NITA Approved. Participating organizations can therefore claim reimbursement on fees paid in accordance with NITA Rules.

Booking for Training

Simply send an email to the Training Officer on training@armstrongglobalinstitute.com and we will send you a registration form. We advise you to book early to avoid missing a seat to this training.

Or call us on +254720272325 / +254725012095 / +254724452588

Payment Options

We provide 3 payment options, choose one for your convenience, and kindly make payments at least 5 days before the Training start date to reserve your seat:

1. Groups of 5 People and Above – Cheque Payments to: Armstrong Global Training & Development Center Limited should be paid in advance, 5 days to the training.

2. Invoice: We can send a bill directly to you or your company.

3. Deposit directly into Bank Account (Account details provided upon request)

Cancellation Policy

1. Payment for all courses includes a registration fee, which is non-refundable, and equals 15% of the total sum of the course fee.

2. Participants may cancel attendance 14 days or more prior to the training commencement date.

3. No refunds will be made 14 days or less before the training commencement date. However, participants who are unable to attend may opt to attend a similar training course at a later date or send a substitute participant provided the participation criteria have been met.

Tailor Made Courses

This training course can also be customized for your institution upon request for a minimum of 5 participants. You can have it conducted at our Training Centre or at a convenient location. For further inquiries, please contact us on Tel: +254720272325 / +254725012095 / +254724452588 or Email training@armstrongglobalinstitute.com

Accommodation and Airport Transfer

Accommodation and Airport Transfer is arranged upon request and at extra cost. For reservations contact the Training Officer on Email: training@armstrongglobalinstitute.com or on Tel: +254720272325 / +254725012095 / +254724452588