Fundamentals of Finance & Accounting Course Overview

Fundamentals of Finance & Accounting Course Overview

The Fundamentals of Finance and Accounting course is designed to provide learners with a solid foundation in the principles and practices of accounting and finance. This comprehensive program covers a range of topics that are essential for anyone looking to understand the financial aspects of a business. Beginning with an Introduction to Accounting, the course progresses through various modules including Basic Accounting Concepts, Accounting Terminology, and practical components such as Accounts Payable and Accounts Receivable.

As students delve into the course, they will learn about the Lifecycle of Fixed Assets, how to conduct Reconciliation of Bank Account Statements, and the process of Rectification of Errors. The course also equips learners to interpret Financial Statements effectively and introduces the essentials of Budgeting and Cost Accounting. By the end of the course, participants will have gained a robust understanding of the fundamentals of finance and accounting, providing them with the skills necessary to manage financial records and make informed business decisions.

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  • Live Online Training (Duration : 16 Hours)
  • Per Participant
  • Guaranteed-to-Run (GTR)
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♱ Excluding VAT/GST

Classroom Training price is on request

You can request classroom training in any city on any date by Requesting More Information

  • Live Online Training (Duration : 16 Hours)
  • Per Participant

♱ Excluding VAT/GST

Classroom Training price is on request

You can request classroom training in any city on any date by Requesting More Information

Request More Information

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Course Prerequisites

Certainly! To ensure that students can successfully undertake training in the Fundamentals of Finance & Accounting course offered by Koenig Solutions, the following minimum prerequisites are recommended:

  • Basic Mathematical Skills: Understanding of fundamental arithmetic operations like addition, subtraction, multiplication, and division.

  • Familiarity with Business Concepts: Some awareness of how businesses operate, though detailed knowledge is not required.

  • English Language Proficiency: Ability to read, write, and comprehend English to follow the course material and instructions effectively.

  • Computer Literacy: Basic proficiency in using a computer, navigating software, and accessing the internet for course-related activities.

  • Willingness to Learn: An eagerness to engage with new concepts and a commitment to actively participate in the learning process.

These prerequisites are designed to provide a foundation for understanding the course material. No prior knowledge of finance or accounting is necessary, making this course suitable for beginners who are interested in gaining an understanding of the financial and accounting principles critical to business operations.

Target Audience for Fundamentals of Finance & Accounting

Koenig Solutions' Fundamentals of Finance & Accounting course offers foundational knowledge for professionals managing financial records and statements.

  • Non-finance professionals seeking to understand finance basics
  • Small business owners managing their own accounting
  • New finance or accounting graduates
  • Accountants and bookkeepers wanting a refresher course
  • Office administrators or managers responsible for financial oversight
  • Entrepreneurs planning to handle their financial affairs
  • Finance professionals needing to brush up on accounting principles
  • Employees aiming to transition into finance roles
  • Managers who oversee budgeting and financial planning
  • Individuals interested in personal finance management skills

Learning Objectives - What you will Learn in this Fundamentals of Finance & Accounting?

Introduction to Learning Outcomes:

This course provides foundational knowledge in finance and accounting, focusing on core principles, accounting concepts, financial statements, and fundamental financial analysis skills.

Learning Objectives and Outcomes:

  • Understand the roles and types of accounting including financial, managerial, and tax accounting.
  • Grasp the underlying principles of accounting and the double-entry system for recording transactions.
  • Learn the basic rules of accounting and how they govern the recording of financial data.
  • Become familiar with essential accounting terminology and their definitions to effectively communicate financial information.
  • Understand the accounts payable process, including the lifecycle of vendor transactions and related journal entries.
  • Gain insights into the accounts receivable process and the recording of sales cycle journals.
  • Develop the skill to reconcile bank statements and understand the reasons for discrepancies between bank and company records.
  • Learn about the lifecycle of fixed assets from acquisition to disposal and the accounting treatment thereof.
  • Understand the process of rectifying errors in accounting records and the importance of accuracy in financial reporting.
  • Interpret financial statements including balance sheets, income statements, and cash flow statements to assess an organization's financial health.
  • Acquire basic knowledge of budgeting, including the preparation and components of a budget.
  • Learn the fundamentals of cost accounting, including various costing methods and their applications in different industries.