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    Accountancy Training Module1

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    Maria Stella Polintan
    This document outlines the objectives and structure of an accounting training module. The module will cover the basics of accounting including what accounting is, who uses accounting information, the accounting cycle, financial statements like the income statement and balance sheet, the difference between cash-based and accrual-based accounting, and double-entry bookkeeping. It will teach participants how to record transactions in journals, post to ledgers, and prepare financial statements.

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    Accountancy Training Module1

    Uploaded by

    Maria Stella Polintan
    13 views31 pages
    This document outlines the objectives and structure of an accounting training module. The module will cover the basics of accounting including what accounting is, who uses accounting information, the accounting cycle, financial statements like the income statement and balance sheet, the difference between cash-based and accrual-based accounting, and double-entry bookkeeping. It will teach participants how to record transactions in journals, post to ledgers, and prepare financial statements.

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    This document outlines the objectives and structure of an accounting training module. The module will cover the basics of accounting including what accounting is, who uses accounting information, the accounting cycle, financial statements like the income statement and balance sheet, the difference between cash-based and accrual-based accounting, and double-entry bookkeeping. It will teach participants how to record transactions in journals, post to ledgers, and prepare financial statements.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    13 views31 pages

    Accountancy Training Module1

    Uploaded by

    Maria Stella Polintan
    This document outlines the objectives and structure of an accounting training module. The module will cover the basics of accounting including what accounting is, who uses accounting information, the accounting cycle, financial statements like the income statement and balance sheet, the difference between cash-based and accrual-based accounting, and double-entry bookkeeping. It will teach participants how to record transactions in journals, post to ledgers, and prepare financial statements.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    of 31

    SEED CENTER PHILIPPINES, INC.

    Accountancy Training: Module 1

    OBJECTIVES:

    Accounting Module 1

    STRUCTURE:

    Accounting Module 1

    1. What is accounting?
    - The language of business - A means to communicate financial information - A way to convey information about a business or organization to users

    Accounting Module 1

    1. What is accounting?
    Who uses accounting information? - Owners - Managers - Investors/Donors (including potential) - Creditors (including potential) - Government (tax assessment) - Regulators - Customers/Partners

    Accounting Module 1

    2. The accounting cycle


    1. Transaction or event occurs 2. Event is translated into accounting language
    - Event is recorded in the Journal using a Journal Entry.

    3. Journal is posted to the Ledger


    - Peachtree or MBWin

    4. Ledger accounts are totalled. 5. Financial statements are prepared.

    Accounting Module 1

    3. Financial statements

    Accounting Module 1

    3. Financial statements

    Accounting Module 1

    IS:

    Accounting Module 1

    BS:

    Accounting Module 1

    3. Financial statements

    Accounting Module 1

    3. Financial statements

    Accounting Module 1

    3. Financial statements

    Accounting Module 1

    4. Basis for accounting cash-based versus accruals-based accounting

    Accounting Module 1

    4. Basis for accounting cash-based versus accruals-based accounting

    Accounting Module 1

    4. Basis for accounting cash-based versus accruals-based accounting

    Accounting Module 1

    4. Basis for accounting cash-based versus accruals-based accounting

    Accounting Module 1

    5. Bookkeeping double entry journals

    Accounting Module 1

    5. Bookkeeping double entry journals

    Accounting Module 1

    5. Bookkeeping double entry journals

    Accounting Module 1

    5. Bookkeeping double entry journals

    Accounting Module 1

    5. Bookkeeping double entry journals

    Accounting Module 1

    5. Bookkeeping double entry journals

    Accounting Module 1

    5. Bookkeeping double entry journals

    Accounting Module 1

    5. Bookkeeping double entry journals

    Accounting Module 1

    5. Bookkeeping double entry journals

    Accounting Module 1

    5. Bookkeeping double entry journals

    Accounting Module 1

    5. Bookkeeping double entry journals

    Accounting Module 1

    5. Bookkeeping double entry journals

    Accounting Module 1

    5. Bookkeeping double entry journals

    Account Expenses Accrued expenses Creditors Cash 1 2 3

    Dr 1,500 1,500 1,500 1 2 3

    Cr

    Total 1,500

    -1,500 -1,500 -1,500

    0 0 -1,500

    Accounting Module 1

    Conclusion

    Accounting Module 1

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