Manual Accounting Training Institute in Abu Dhabi

MANUAL ACCOUNTING – COURSE

A manual that contains pertinent accounting rules and other information for a business or organization. Accounting manuals can contain guidelines for various policies and procedures. They also often specify organizational rules and standards for corporate accounts. Can still provide an effective and useful way of recording business transactions and can deliver an efficient accounting information system for the small business owner.

Manual accounting uses several paper ledgers and journals where accountants record financial information. The general ledger includes miscellaneous transactions and the aggregate balance of all subsidiary ledgers and journals. Manual accounting is very detailed, since accountants must carefully enter information into physical books.

MODULE 1 -INTRODUCTION TO ACCOUNTING :

• Importance of Accounting.
• Book Keeping & its process.
• Accounting Cycle.
• Accounting terms.
• Accounting concepts.

MODULE 2 – JOURNAL:

• Double entry system.
• Account & Classification of Accounts.
• Debit & Credit.
• Explanation of Source Documents – Cash Memo, Invoice, Receipt, Debit Note, Credit Note, Pay in slip & Vouchers
• Accounting Equation.
• Rules of Accounting.
• Journalizing – Format & Journal Posting.
• Advantages of Journal.

MODULE 3 – LEDGER:

• Introduction to Ledger.
• Format for Ledger.
• Procedure for Posting:
• Balance an Account.
• Difference b/w Journal & Ledger.

MODULE 4 – SUBSIDIARY BOOKS:

• Introduction to Subsidiary Books.
• Difference b/w Subsidiary & Primary Books.
• Purchase Book
• Sales Book
• Purchase Return Book
• Sales Return Book

MODULE 5 – CASH BOOKS:

• Introduction to Cash Book.
• Kinds of Cash Book
• Posting Cash Book Entries.
• Petty Cash Book.

MODULE 6 – BANK RECONCILAITION STATEMENT:

• Bank Pass Book
• Cash Pass Book
• Bank reconciliation statement.
• Procedure of Bank reconciliation statement & Format.

MODULE 7 – TRIAL BALANCE:

• Introduction to Trial Balance.
• Objectives of Trial Balance
• Limitations of Trial Balance.
• Methods of Preparation of Trial Balance.
• Adjusted Trial Balance.
• Rules of preparing Trial Balance.

MODULE 8 – RECTIFICATIONS OF ERRORS:

• Introduction to Rectification of Errors.
• Kinds of errors.

MODULE 9 – CAPITAL & REVENUE TRANSACTIONS:

• Explanation of Capital Transactions.
• Explanation of Revenue Transactions.
• Explanation of Deferred Revenue Transactions.
• Differences b/w Capital, Revenue & Deferred Transactions.
• Capital Profit / revenue Profit.

MODULE 10 – FINAL ACCOUNTS:

• Introduction to Final Accounts.
• Parts of Final Accounts.
• Explaining Trading Account & Format.
• Practicing of Trading Account.
• Introduction & Format of Profit/Loss Account.
• Explaining of the Items appearing in the account.
• Practicing the Problems related to Trading & P/L account.
• Introduction & Format of Balance Sheet
• Explaining of the Items appearing in the account.
• Explaining the Classification of Assets & Liabilities.
• Practicing the Problems related to balance sheet.

This course is intended for anyone interested in learning to master his or her own body.