• Enrolling Now

Accounting Fundamentals (for Non‑Finance Professionals)

Accounting is often described as the language of business—and for good reason. Regardless of industry or role, professionals who understand accounting fundamentals are better equipped to interpret financial information, communicate [...]

  • Course ID: AFB002
  • Delivered by London Elite Training

– Course Objectives

By the end of this programme, participants will be able to:

  • Understand the role and importance of accounting in business
  • Explain key accounting principles, ethics, and assumptions
  • Record basic business transactions accurately
  • Prepare and interpret core financial statements
  • Understand how business activities affect financial position and performance
  • Analyse financial information using key performance ratios
  • Communicate more confidently with finance and accounting professionals
  • Use accounting information to support operational and managerial decisions

– Who Should Attend

This programme is ideal for:

  • Non‑finance managers and supervisors
  • Professionals in operations, sales, marketing, HR, and administration
  • Entrepreneurs and business owners
  • Project managers and team leaders
  • Anyone who works with financial information but lacks formal accounting training

– Programme Outcome

Participants will leave this programme with a solid foundation in accounting fundamentals, the ability to prepare and interpret basic financial statements, and the confidence to use financial information as a practical tool for evaluating business performance and supporting informed decision‑making.

  • Course Outline
DAY 01
Introduction to Accounting Principles and the Accounting Equation
  • Definition of accounting and its significance for businesses
  • Accounting activities and users of accounting information
  • Accounting ethics, principles, and underlying assumptions
  • Types of accounting and their functions:
    • Financial Accounting
    • Managerial Accounting
    • Cost Accounting
  • Understanding the accounting equation:
    • Assets
    • Liabilities
    • Owner’s Equity
  • Impact of business transactions on the accounting equation

Practical Exercise: Analysing the effect of transactions on the accounting equation

DAY 02
Recording Financial Transactions
  • Understanding debit and credit rules
  • The transaction recording process
  • Journals and the journalising process
  • Ledger accounts and posting procedures
  • Preparing a trial balance
  • Key considerations and limitations when recording business transactions
  • Practical Exercise: Recording transactions, preparing journals, ledgers, and a trial balance
DAY 03
Accounting for the Income Statement
  • Purpose and structure of the Income Statement
  • Revenue recognition principles
  • Cost of goods sold and inventory valuation methods
  • Accruals and deferrals: adjusting entries
  • Depreciation methods and their impact on profit
  • Key challenges in preparing income statements
  • Practical Exercise: Preparing an income statement from a trial balance
DAY 04
Accounting for the Balance Sheet
  • Purpose and structure of the Balance Sheet
  • Types of assets and their accounting treatment:
    • Current and non‑current assets
    • Tangible and intangible assets
  • Accounting for receivables and payables
  • Treatment of inventory, cash, and prepaid expenses
  • Equity, long‑term liabilities, and owners’ investments
  • Key considerations and common issues in balance sheet preparation
  • Practical Exercise: Preparing a balance sheet using given financial information
DAY 05
Accounting Analysis and Performance Measurement
  • Understanding the working capital cycle
  • Liquidity management and cash flow awareness
  • Bank reconciliation: purpose and process
  • Financial statement analysis using key ratios:
    • Profitability ratios
    • Gearing ratios
    • Investment ratios
  • Interpreting financial data for decision‑making
  • Practical Exercise: Analysing financial performance using ratios
  • Course recap, learning consolidation, and evaluation

Duration

  • 5 Days

In Person (Special Discount for this period only!)

  • £ 4,500
  • 3,950

Online (Special Discount for this period only!)

  • £ 2,300
  • 1,750
  • Global Locations
  • London
  • Dubai
  • Barcelona
  • Paris
  • USA
  • Online
Enroll Now

Corporate groups of 2+ are eligible for a 15% discount. Enquire here

Need personal advice?

Speak with a course consultant to see if this programme fits your career goals.

Enroll Now

Enrollment Form
Checkboxes
Clear