COMPREHENSIVE BASIC ACCOUNTING WORKSHOP

Tickets
From ₦ 188,125.00 to ₦ 279,500.00
× Tickets
Live-Online Training:
₦ 188,125.00 188125.0 NGN
Classroom Training:
₦ 279,500.00 279500.0 NGN

Live-Online Training: N188,125
Classroom Training: N 279,500
3 - 4 participants: 5% discount
5 or more participants: 10% discount

(Available also for Customised Training by Duration, Venue & Fee)

PARTICIPANTS SHOULD BRING THEIR LAPTOPS 

Programme Description                                                                                         

This programme takes the employees responsible for running the Accounts and Finance functions of the organization through their core duties. They will be taken through the step-by-step process of performing each task. The core duties are:

  • Implementing all processes in accounting for financial transactions and enforcing the controls necessary for the running of the ehaviorn’s business.
  • Liaising with external auditor and others involved in matters of statutory regulations, including pension fund managers, the tax organisations, etc.
  • Preparing financial and other relevant reports at such intervals that help Management decisions for the organization to run smoothly. These include:
  1. Weekly performance report
  2. Daily balances and advice on managing the balances
  3. Bank reconciliation
  4. Variance analysis
  5. Management of the cash flow position
  6. Monthly trial balance, income statement and balance sheet
  7. Budgeting and budgetary control.

Course Contents

DAY ONE

Interpretation of Financial Statements

  • The three financial fundamentals
  • The Balance Sheet – Interpreting Assets & Liabilities
  • The Income & Expenditure Statement
  • Diagnosing the Cash Flow Position and Requirements
  • How do you know if the organization is performing well?

Budgeting

  • Budgets and budgeting cycle
  • Steps in developing an operating budget
  • Preparation of budgets
  • Sensitivity analysis in budgeting
  • Budgeting and responsibility accounting.

DAY TWO

Cash Flow Management

  • What cash flow statement is
  • What the purpose of cash flow statement is
  • Preparation of cashflow statement
  • How to make operational, investing and financing decision when preparing cashflow
  • key performance indicators for cashflow
  • Action to take when there is surplus or deficit fund
  • Source of Finance.

Tax Management

  • Types of taxes
  • What taxes are payable to Federal, State and Local Government
  • Corporate Tax  planning
  • How  to compute company income tax and  capital allowance
  • Filling of Self Assessment return and VAT return
  • Withholding Tax  and its application
  • Capital  Gains Tax
  • Application for company and Personal Tax clearance certificate
  • How  to prepare Personal income tax
  • Payment of Pay As You Earn deductions
  • Rendering of annual return to State Internal Revenue Board.

DAY THREE

Control Systems

  • The Internal Control System – Preventive, Detective and Directive
  • Internal Control and Risk Management – the Inherent Limitations
  • Reviewing and Appraising Operating Controls 

            - Compliance with policies, plans and procedures

            - Safeguard of assets

            - Accomplishment of established objectives and goals for operation

  • Elements of Internal Control

            - On receipt of cash/cheques 

            - On cash and cheque payments

            - On bank reconciliations 

            - On stock/inventories, sales, etc.

             - Purchasing

             - Production

             - Administration

             - Personnel

             - Fixed Assets

             - Evaluation of performance.

DAY FOUR

Auditing

  • Manual Auditing
  • Computerised and Information Technology System
  • Audit Procedures

                    - Regulatory requirements

                    - An understanding of the accounting systems

                    - Accounting system adequacy

                    - Integrity of financial statements

                    - Assessment of transaction complexity

                    - Capital structure

                    - Involvement of directors

                   - General effectiveness of the internal control system

  • Detection and prevention of frauds
  • Economical and efficient use of resources.

DAY FIVE
Financial Reporting & Management

Types of Financial Report and How to Prepare Them

  • Revenue analysis report
  • Cost analysis report
  • Expenses report
  • Account receivable report
  • Chairman’s report
  • Auditor’s report
  • Balance sheet
  • Profit & loss statement
  • Cash flow statement
  • Financial performance report
  • Benefits of Financial Report.


Date & Time
Monday
August 12, 2024
Start - 8:30 AM
Friday
August 16, 2024
End - 3:00 PM Africa/Lagos
Location

Tom Associates Training

5/7, Alade Lawal Street, Opposite Anthony Police Station, Off Ikorodu Road, Anthony Village,
NG-LA
Nigeria
+234 817 859 1654
+234 809 276 3968 | +234 810 365 2225
tomassociatestraining@yahoo.com | info@tomassociatesng.com
Get the direction
Organizer

Tom Associates Training

+234 817 859 1654
+234 809 276 3968 | +234 810 365 2225
tomassociatestraining@yahoo.com | info@tomassociatesng.com