Certified Accounts Assistant
Select Other "city & date"
Certified Accounts Assistant Course
Introduction:
The main responsibility of an Accounts Assistant is to support the finance manager with business accounting activities. This includes raising, sending, and paying invoices, reconciling company accounts, and chasing late payments.
Accounting Assistants support the Accounting department by performing clerical tasks, including processing and recording transactions, preparing reports and budgets, fielding communications with clients and vendors, fact-checking, filing, and other duties, as needed.
This training course will introduce you to the skills relating to understanding key areas within accounting. This course will provide a great insight into your role in working closely with senior accountants with the use of practical examples throughout the course.
Course Objectives:
At the end of this Certified Accounts Assistant Program, participants will be able to:
- Providing support to the Accounting Department.
- Performing basic office tasks, such as filing, data entry, answering phones, processing the mail, etc.
- Handling communications with clients and vendors via phone, email, and in person.
- Processing transactions, issuing checks, and updating ledgers, budgets, etc.
- Preparing financial reports.
- Assisting with audits, fact checks, and resolving discrepancies.
- Define the accounting cycle.
- Discover how accounting affects their day-to-day business.
- Outline the components of financial statements.
- Perform every step of the accounting closing cycle.
- Get up-to-date with accounting terminology that will enable them to perform more effectively at work.
Who Should Attend?
This Certified Accounts Assistant Course is ideal for:
- Anyone familiar with accounting principles already wants to get started working with accountants in the accounting and payroll field, looking for more training, or is just interested in this field of study.
Course Outlines:
Introduction to Accounting
- Importance of Accounting and the Accounting Cycle.
- Accounting Regulatory Bodies.
- International Financial Reporting Standards (IFRS).
- Generally Accepted Accounting Principles (GAAP).
- Accounting Rules Updates and Changes.
- Stakeholders and Users of Accounting Information.
- Company Structures and Business Activities.
- Accounting Principles and Guidelines.
- Other Characteristics of Accounting Information.
- How Principles and Guidelines Affect Financial Statements.
Analyzing Transactions
- Identifying Account Names.
- Classifying Accounts.
- Interpreting Account Movements.
- The Double Entry Accounting
- Debits and Credits.
- The Importance of T-Accounts.
- The 7 Rules of Debits and Credits.
- Sub-Ledgers and General Ledgers.
- Preparing Trial Balance.
Adjustment Process
- Adjusting Assets and Liabilities, Revenues and Expenses:
- Accrued Liabilities / Expenses and Revenues.
- Deferred Assets / Expenses and Revenues.
- The Process of Preparing Adjusted Trial Balance.
- Adjustments for Contra-Accounts.
Closing Process
- The Four Important Closing Entries.
- Using the 10-Column Worksheet.
- Preparing Financial Statements:
- Income Statement.
- Balance Sheet.
- Understanding and Preparing Closing Trial Balance.
Assets Accounting and Reporting
- Accounting and Presentation of Cash, Petty Cash, and Cash Reconciliation.
- Accounts Receivable and Allowances.
- Inventory Costing and Valuation.
- Recording and Maintaining Fixed Assets.
- Depreciation and Accumulated Depreciation.
- Intangible Assets and Other Non-Current Assets.
Current Liabilities and Accruals
- Accounts Payable and Notes Payable.
- Accrued Liabilities.
- Short and Long-Term Loans.
Understanding Shareholders’ Equity
- Share Capital.
- Retained Earnings.
- Government and Management Reserves.
