Accounting for Non-Accountants

This course maps to capability: 3
COST Prices include GST and are subject to change
Please contact IPAA New South Wales for more information.

Overview

Management of an organisation’s finances requires complete, accurate and timely accounting information. A starting point for good financial management is reliable accounting information. More and more line, operational and program managers are being required to input data, approve transactions and review the information contained within modern financial management systems. The aim of this course is to provide participants with practical skills in the accounting and finance processes required when using modern financial management systems.

Customised Agency Program

Customised agency programs are training programs uniquely designed in content and format to address the particular needs of your organisation. Customised agency programs are delivered at your workplace, thus saving your organisation money and enhancing team building.

All IPAA NSW courses are available as customised agency programs. Case studies and organisational policies and procedures from your organisation can be incorporated into these programs.

IPAA NSW matches the most appropriate consultant to the needs of your organisation, and offers flexibility in content, length and timetable, all at a convenient location. This flexible and cost-effective option benefits all agencies, particularly those with offices in regional NSW.

For further information or to receive a written proposal, contact IPAA NSW:

Tel: 02 9228 5225

Fax: 02 9241 1920

info@nsw.ipaa.org.au

Course Content

This course includes understanding the language and elements of accounting, namely assets, liabilities, incomes, expenses and equity, and identifying the structure and operation of modern financial management systems – including the general ledger, journals and the chart of accounts. The course identifies the processes of accounting, and the why and how of recording day to day transactions. It looks at recording month end and year end adjustments – including accruals, prepayments and depreciation. Participants learn about reconciling accounts in the general ledger and about the linkage from purchase orders and contracts to invoices and expenditure.

Course Outcomes

By the end of this course attendees should be able to:

  • identify the elements of accounting
  • record day to day transactions affecting assets, liabilities, expenses, revenues and equity in a double entry system
  • record month end and year end accrual adjustments
  • reconcile accounts in the general ledger, particularly cash balances and bank accounts
  • identify the linkages between procurement and financial management systems
  • account for purchase and expenditure transactions
  • account for employee entitlements
  • account for asset acquisitions and depreciation.

Benefits to your organisation

  • greater confidence in the completeness, accuracy and reliability of internally produced financial reports

Benefits to you

  • enhanced understanding of the accounting processes that go on inside modern financial systems like SAP, Oracle, FinanceOne, Sage and MYOB
  • practical descriptions of the controls and key reconciliations needed for complete, accurate and reliable financial information
  • checklists and templates that can be applied back in the workplace