Accounting for Non-Accountants

28 Oct - 01 Nov 2018, Abu Dhabi I 27 - 31 Oct 2019, Abu Dhabi

Introduction

This GLOMACS Accounting for Non-Accountants training seminar

provides a comprehensive introduction to the role of accounting

in supporting and informing all business decisions throughout the

organization. It is designed for those who access, use, and rely upon,

accounting information, but do not have accounting training or

background. This GLOMACS training seminar will give you access to

the world of accounting, from basic principles, using plain language.

Those who attend this GLOMACS Accounting for Non-Accountants

training seminar will gain a clear understanding of the structures

of the accounting system, the information it contains, and how it

can be accessed. You will learn, from numerous practical examples

and illustrations, how the information on business transactions and

activities, input to the accounting system is used throughout the

organization. You will understand how accounting provides essential

support to routine operations, decision making, and effective business

control.

The highlights of this GLOMACS training course will be:

• The structure of the accounting system

• Preparing truthful and realistic financial statements

• Analyzing financial statements to evaluate a business

• Establishing the costs of products and operations

• Preparing budgets, to implement our strategic plans

Objectives

At the end of this GLOMACS training seminar, participants will:

• Be able to record transactions in the accounting system

• Understand the format and contents of financial statements

• Use accounting information to interpret and evaluate a business

• Make efficient and profitable decisions, based on cost

information

• Apply budgetary control techniques to ensure that targets are

achieved

Training Methodology

In this GLOMACS Accounting for Non-Accountants training seminar,

you will be expected to actively participate. To enable this the trainer

will provide and explain basic rules and structures that will allow you to

record transactions, prepare financial statements, and cost summaries.

In the process, you will discuss and apply ‘business commonsense’ and

‘professional judgement’ in ensuring that information is realistic and

truthful. In every session there will be opportunities to re-inforce what

you have learned with practical exercises.

Organisational Impact

As a result of attending this GLOMACS Accounting for Non-

Accountants training seminar your employees will:

• Understand how, and where, to find the information they need

from the accounting system

• Be capable of using accounting information effectively in their

roles

• Be able to use accounting information to evaluate their own, and

others, performance

• Be motivated to use their knowledge of accounting to add value

to the organization

• Make more confident and informed contributions to business

discussions

• Appreciate the importance of taking ownership and

responsibility for operating within budget

Personal Impact

What will the employee gain from attending this GLOMACS training

seminar?

• You will acquire skills and knowledge to enhance your personal

development

• You will feel more comfortable, and confident, in your working

role

• You will gain a clearer picture of how businesses operate, and

compete

• You will be encouraged to find out more about your business,

and how you can contribute to its success

• It will enable you to liaise more effectively with staff in other

departments

• It will be a valuable addition to your personal profile, which

should enhance your career prospects

Who Should Attend?

This GLOMACS Accounting for Non-Accountants training seminar

is designed for staff have an interest in accounting, or need to use

accounting information in their roles. It is specifically aimed at those

who do not currently work within the Accounting Function, or who

have not been trained in accounting. It is suitable for a wide range of

individuals, but is particularly relevant for:

• Administrators

• Marketing staff

• Production and Production Control Staff

• Logistics Staff

• Small Business Owners or Managers

• Divisional Controllers

Accounting for Non-Accountants

DAY 1

Introduction to Accounting and Accounting Systems

• Why Accounting is Important?

• The Basics of Financial Accounting

• The Double-entry Accounting Method

• Developing the Accounting System for Large-scale

Application

• Recording Entries in the Accounting System – A Case Study

• Control Systems and Reconciliations

• Adjusting for Depreciation and Inventory

• Preparing the Income Statement and Balance Sheet

DAY 2

Preparing Accounting Statements

• Types of Business Entity

• The Structure and Format of Accounting Statements

• Understanding Depreciation and How it is Calculated

• Adjusting for Amortization and Impairment

• Identifying and Valuing Inventory

• Accounting for Sales Taxes and Profit Taxes

• Recognizing Revenue

• Preparing the Cash Flow Statement

DAY 3

Financial Reporting – Applying the Standards

• The Importance of Financial Reporting Standards

• The Financial Reports of Listed Public Companies

• Finding Useful Information in the Annual Financial Report

• What are Group Financial Reports?

• Preparing a Simple Group Balance Sheet

• Interpreting the Financial Statements using Common-size

Analysis

• Interpreting the Financial Statements using Ratio Analysis

• Where to Find Published Analysis on Companies

DAY 4

Management Accounting – Data Analysis for Decision

Making

• The Purpose of Management Accounting

• Responsibility Accounting

• Collecting and Classifying Costs

• Preparing Product and Service Cost Summaries

• Absorption Costing vs. Activity-Based Costing

• Separating Fixed and Variable Costs

• Break-even Analysis and Applications

DAY 5

Preparing and Using Budgets – for Efficiency and

Profitability

• Budgets and Budgetary Control

• Developing the Annual Budgets

• The Benefits and Limitations of Budgets

• Preparing Functional Budgets

• Preparing a Cash Budget

• Alternative Budgeting Methods

Seminar Outline

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CERTIFICATION

Successful participants will receive GLOMACS’ Certificate of Completion

P.O. Box 74653 Dubai, U.A.E.T: +971 (04) 425 0700 | F: +971 (04) 425 0701E: info@glomacs.com | W: www.glomacs.com

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Code Date Venue FeesFI092 28 Oct - 01 Nov 2018 Abu Dhabi $4,750

FI092 27 - 31 Oct 2019 Abu Dhabi $4,950

4 WAYS TO REGISTER

Tel: +971 (04) 425 0700 Fax: +971 (04) 425 0701Email: info@glomacs.comWebsite: www.glomacs.com

TERMS AND CONDITIONS

• Fees – Each fee is inclusive of Documentation, Lunch and refreshments served during the entire seminar.

• Mode of Payment – The delegate has the option to pay the course fee directly or request to send an invoice to his/her company/sponsor. Credit card and cheque payments are both acceptable.

• Cancellation / Substitution – Request for seminar cancellation must be made in writing & received three (3) weeks prior to the seminar date. A US$ 250.00 processing fee will be charged per delegate for each cancellation. Thereafter, we regret that we are unable to refund any fees due, although in such cases we would be happy to welcome a colleague who would substitute for you.

• Hotel Accommodation – is not included in the course fee. A reduced corporate rate and a limited number of rooms may be available for attendees wishing to stay at the hotel venue. Requests for hotel reservations should be made at least three (3) weeks prior to the commencement of the seminar. All hotel accommodation is strictly subject to availability and terms and conditions imposed by the hotel will apply.

• Attendance Certificate – a certificate of attendance will only be awarded to those delegates who successfully completed/attended the entire seminar including the awarding of applicable Continuing Professional Education Units/Hours.

• Force Majeure – any circumstances beyond the control of the Company may necessitate postponement, change of seminar venue or substitution of assigned Instructor. The Company reserves the right to exercise this clause and implement such amendments.

• Fair Access / Equal Opportunities – In the provision of its services as a world-class Training Provider, the Company is committed to provide fair access / equal opportunities throughout the delivery of its courses and assessment leading to the completion of training seminars, or 3rd party qualifications/certifications.

Accounting for Non-Accountants