An Intensive 5-day Training Course
Understanding Double Entry to Trial Balance - Part 1
The Essentials to Financial Statements
Course Introduction
Accounting is an integral part of all organisations. Producing financial reports are the fundamental of accounting and starts with the humble double entry system. These are transaction that forms the foundation of management accounts of the organisation. The key element of the training course is the focus on practical application of how double entry and other elements like the trial balance are used to create the management accounts and how these are adapted by directors to make decisions and further financial statements for the organisation.
This Understanding Double Entry to Trial Balance - Part 1 training course aims to provide a clear insight into the process of gather transactions in its most raw form and processing them into accounting records to produce the financial statements that would provide key information for the various stakeholders of the organisation.
This "Understanding Double Entry to Trial Balance - Part 1" training course will highlight:
- Identifying the sources of a business transactions
- Understanding the elements of accounting and the impact of transactions
- Processing of transaction to their ledgers and their effects
- Understanding the balances of ledger and statement of account
- Extracting a trial balance and its further use in preparing Financial Statements
Objectives
At the end of this "Understanding Double Entry to Trial Balance - Part 1" training course, you will learn to:
- Understanding the impact of transaction on the elements of accounting
- Learn how to Process transactions to their ledgers
- Analysing Accounts balance and statement of accounts
- Understanding the Credit system that businesses operates
- Extracting a Trial Balance from the respective ledgers
Training Methodology
Using a combination of lectures, group exercises and individual exercises with practical applications, the delegates will gain both a theoretical and practical knowledge of the topics covered. The emphasis is on the real world and as a result delegates will return to the workplace with both the ability and the confidence to apply the techniques learned
Organisational Impact
The Organisation will benefit as the following;
- Providing the delegate with the knowledge of impact of transactions
- Analysing the results from transaction giving management more accurate updates
- Reduction of accounting errors when posting transactions to their accounts
- Increase the productivity among the workforces
- Better understanding and interpretation of the various statement of accounts
- Seeing the impact of the transaction when preparing the Financial Statements
Personal Impact
The delegates will benefit as the following;
- Understanding of why accounting systems is done in such manner
- Ability to easily spot errors from the systems and reports
- Generate timely information for the users
- Recognition of the link between financial transactions and their effects
- Skills to assist colleagues that may not have been on such course to improve their task
- Networking and understanding other systems used in accounting
Who Should Attend?
This Oxford Management Centre "Understanding Double Entry to Trial Balance - Part 1" training course is suitable to a wide range of professionals but will greatly benefit:
- Accounts Payable, Receivable and General Ledger Staff
- Accounts Manager
- Procurement and Inventory Manager
- General Manager
- Non Accounting Executives
- Human resources Personnel
Course Outline
Day One
Introduction to the Accounting systems and Elements of Accounting
- Types of Accounting and their differences
- The roles of the Accounting Departments
- Discussion of the Elements of Accounting
- Introduction of the Financial Statements
- Transactions and their impact
- Systems of Accounting and their effects
Day Two
Processing Transactions to Ledgers
- Ledgers and Statement of Accounts
- Identifying Elements of Accounting from Transactions
- Effects of the Transactions
- Double Entry accounting systems
- Capital and Revenue Expenditure
- Recording transactions to their respective ledger
Day Three
Processing Transactions to Ledgers Continued..
- Injection of Capital by the Owner (s)
- Purchase of Inventory
- Purchase of Non-Current assets
- Sale of Inventory
- Purchase and Sale on Credit introduction
- Payment of Expenses
- Drawings by the Owners
- Refunds
Day Four
Extracting and Interpreting the Trial Balance
- Balancing a ledger
- Conversion of Ledger to Statement of Account
- Group Exercise with a real-life example
- Extracting the Trial Balance from Example
- Errors with the Trial Balance
- Trail Balance to Financial Statements
Day Five
Books of Prime Entries and Accounting for the Credit Systems
- Credit Risk Due Diligence for customers
- Granting Credit
- Books of Prime Entries and their effect
- Control Accounts
- Receivables and Payables Ledgers
- Posting Transactions from the Books of Prime Entry
- Reconciliation of Ledgers to Control Accounts
Certificate
On successful completion of this training course, Oxford Management Centre Certificate with eligible Continuing Professional Education credits (CPE) from National Registry of CPE Sponsor will be awarded to the delegates
Accreditation
In association with
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FREQUENTLY ASKED QUESTIONS
Yes, we provide assistance in securing both hotel reservations & entry visa on all our international training venues, for delegates attending our training courses. For further information / assistance, please contact our Customer Service at:
- Telephone: +971 50 985 0174
- E-mail: info@oxford-management.com
Yes, Oxford Management Centre is accredited by the following professional bodies;
National Association of State Board of Accountancy (NASBA)
The Oxford Management Centre is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit.
Yes, discounts are available. For further information please call +971 50 985 0174 or email, info@oxford-management.com
Note: Discounts are not applicable with any other special offer that may be available.
All course bookings made through Oxford Management Centre are non-refundable. By registering for a course, you acknowledge and accept that fees are payable in full and are not subject to refund under any circumstances, including but not limited to participant dissatisfaction, changes in personal or professional circumstances, or partial attendance.
Oxford Management Centre reserves the right to make reasonable adjustments to course content, trainers, or schedules where necessary, without entitling delegates to a refund. Full details of each course – including objectives, target audience, and content – are clearly outlined prior to enrolment, and it is the responsibility of the delegate to ensure suitability before booking.
There are 2 easy ways to register:
- Online: Select the training course you want to register for, Click the “Book Your Place” button on the course page, complete the form and click submit.
- E-mail: Send your details to info@oxford-management.com
We request that all cancellations be made at least one week before the class start date. You may reschedule this class without any penalty. If not, a $250 fee will be charged for cancellations received less than one week before a class begins and for no-shows. Cancellation penalties and any fees incurred by Oxford Management Centre will be deducted from refunds.
For more information request, email info@oxford-management.com or call +971 50 985 0174.
The classroom training fees include course presentation, relevant materials, physical & digital documentation, lunch and refreshments served during entire training. Accommodation and transportation are not included in the training course fees.
While, online training fees cover the course presentation and digital documentation and relevant materials.
The Oxford Management Centre Certificate of Completion with corresponding CPE credits shall be awarded to delegates who has successfully completed the training course.
Payment must be received before the training course commences. You can make payment by bank draft, cash, credit card or wire transfer.
Note: If the payment is not received, Oxford Management Centre has the right to refuse admission.
Upon receipt of your registration form, we will send you the following by e-mail:
- Registration Confirmation
- Invoice/Receipt (where appropriate)
If you register online you will receive an e-mail within 24 hours confirming your registration.
