Accounting for Non-Accountants

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Course Overview

Recording transactions is the fundamental process allowing companies to make enhanced decisions and for management to effectively achieve results. Professionals need to understand the two most important pillars of Accounting; Recording Transactions and Reporting Results. Your takeaways are clear, structured, and practical. This is a hands-on course allowing you to learn by doing.

Key Takeaways

Define accounting and the accounting cycle.
Identify the major rules and principles of accounting under the International Financial Reporting Standards (IFRS).
Demonstrate knowledge of the basic accounting equation, double-entry bookkeeping, and the new automated accounting systems.
List the key financial statements (balance sheet, income statement, changes in shareholders’ equity and cash flow statement) and their components.
Practice financial statements’ adjustments at month and year-end.

National Association of State Boards of Accountancy
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LEORON Professional Development Institute DMCC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:

Course Outline

Day 1

• Introducing accounting and financial statements
o Definition of accounting
o Users of accounting information
o Basic financial statements
• The corporation defined
• Presentation of accounting information by different business entities
• International financial reporting standards (IFRS)
o Introduction to IFRS
o Main differences between IFRS and US Generally Accepted Accounting Principles (GAAP)
• Double-entry accounting
• The accounting equation
• Traditional double-entry bookkeeping
• Your asset is his liability
• The chart of accounts

Day 2

• The general journal
• The general ledger
• The trial balance
• Modern bookkeeping: automating transactions
• Income statements
o Defining the income statement
o Defining revenue and its recognition
o Defining expenditures and their classifications
o Calculating profit
o Gross profit
o Operating profit
o Net profit
• Net equity
• What is capital stock?
• Dividends are not an expense
• Cash dividends, stock dividends, and stock split

Day 3

• Definition of treasury stock
• Retained earnings: not the same as cash
• The balance sheet and its components
o Defining the balance sheet
o Assets
o Liabilities
o Equity
o Current versus non-current assets and liabilities
• The balance sheet illustrated
• Cash flow statement
o Defining the statement of cash flows
o Cash and cash equivalents
o Classification of cash flows
o Operating activities
o Investing activities
o Financing activities
• The cash flow statement illustrated
• Adjustments to financial statements
o The accrual concepts
o Accruals and prepayments
o Depreciation
o Bad debts
o Provisions for contingencies

Who Should Attend?

This highly practical and interactive course has been specifically designed for

Managers, supervisors and staff from any function including the accounting department who need to improve understanding and application and techniques of the language of numbers.

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What language will the course be taught in and what level of English do I need to take part in an LEORON training program?
Most of our public courses are delivered in English language. You need to be proficient in English to be able to fully participate in the workshop and network with other delegates. For in-house courses we have the capability to train in Arabic, Dutch, German and Portuguese.
Are LEORON Public courses certified by an official body/organization?
LEORON Institute partners with 20+ international bodies and associations.We also award continuing professional development credits (CPE/PDUs) for:1. NASBA (National Association of State Boards of Accountancy) 2. Project Management Institute PDUs 3. CISI credits 4. GARP credits 5. HRCI recertification credits 6. SHRM recertification credits
What is the deadline for registering to a public course?
The deadline to register for a public course is 14 days before the course starts. Kindly note that occasionally we do accept late registrations as well, but this needs to be confirmed with the project manager of the training program or with our registration desk that can be reached at +1071 4 1075 5711 or
What does the course fee cover?
The course fee covers a premium training experience in a 5-star hotel, learning materials, lunches & refreshments, and for some courses, the certification fee and membership with the accrediting bodies.
Does LEORON give discounts?
Yes, we can provide discounts for group bookings. If you would like to discuss a discount on a corporate level, we will be happy to talk to you.