HMC Courses

Recording Financial Transactions

Duration: 03 Day Workshop
Venue: Hammersmith- London
Time: 9.30 am – 5:00 pm

The aim of the course is to introduce knowledge and understanding of the business and its environment and the influence this has on how organisations are structured. It also introduces the role of accounting and other key business functions in contributing to the efficient, effective and ethical management and development of an organisation and its people and systems.

Class Name: Recording Financial Transactions
Training Instructors: Ahmar Nizami, Paul Hampson

Accounts assistants, employees involved in book keeping, managers with no understanding of financial systems as well as any one aspiring to go on to professional accounting qualifications.

The objectives of the course are to:

  • Introduce participants to key accounting terms and jargons.
  • Enable participants to identify skills required for processing accounting transactions.
  • Enable participants to understand the process of account preparation and perform basic reconciliations.
  • Key accounting terms; Capital, assets, Income, liabilities.
  • Accounting transactions; Capital, revenue, cash and credit transactions.
  • Double Entry Book-keeping; Duality concept and preparation of ‘T’ accounts.
  • Books of Prime entry, ledgers and Trial balance
  • Correction of errors and operation of a suspense account.
  • Account preparation; Income statement and a balance sheet.
  • Bank reconciliation and maintaining petty cash accounts.

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