Pideya Learning Academy

Accounting Principles for Beginners

Upcoming Schedules

  • Live Online Training
  • Classroom Training

Date Venue Duration Fee (USD)
27 Jan - 31 Jan 2025 Live Online 5 Day 2750
31 Mar - 04 Apr 2025 Live Online 5 Day 2750
28 Apr - 02 May 2025 Live Online 5 Day 2750
02 Jun - 06 Jun 2025 Live Online 5 Day 2750
28 Jul - 01 Aug 2025 Live Online 5 Day 2750
29 Sep - 03 Oct 2025 Live Online 5 Day 2750
20 Oct - 24 Oct 2025 Live Online 5 Day 2750
08 Dec - 12 Dec 2025 Live Online 5 Day 2750

Course Overview

Accounting serves as the foundation of every successful business, enabling professionals to analyze financial health, ensure compliance, and support strategic decision-making. The Accounting Principles for Beginners training program by Pideya Learning Academy is designed to equip individuals with a strong understanding of fundamental accounting concepts, financial reporting structures, and essential financial management practices.
As global economies expand, the demand for financial literacy and accounting expertise continues to grow. According to the International Federation of Accountants (IFAC), approximately 73% of organizations worldwide rely on robust financial reporting for effective decision-making. Furthermore, the World Economic Forum identifies financial acumen as one of the top skills required for professionals across all industries. As companies adopt international accounting standards and digital financial systems, professionals with a firm grasp of accounting principles gain a competitive edge in today’s dynamic business environment.
Throughout this comprehensive course, participants will explore key aspects of financial reporting, including the classification of assets and liabilities, the principles of revenue and expense recognition, and the importance of compliance with international accounting standards. The course emphasizes practical applications, enabling learners to interpret financial statements, assess financial risks, and utilize accounting data to support business objectives.
Key highlights of this Pideya Learning Academy training include:
Understanding core accounting principles and how they impact financial reporting and decision-making.
Gaining insight into financial statements, including balance sheets, income statements, and cash flow statements.
Examining accounting policies that govern revenue recognition, expense management, and asset classification.
Exploring international financial reporting standards (IFRS) and their application in various industries.
Assessing financial risks and understanding their implications on business performance.
Developing strategic decision-making skills through financial analysis and forecasting.
Enhancing financial literacy, improving communication between finance and non-finance professionals.
By the end of this program, participants will have the confidence to engage with financial data, interpret complex financial statements, and collaborate effectively with finance teams to drive business success. With a focus on real-world case studies and interactive discussions, this training provides valuable insights into the practical applications of accounting principles, making financial concepts accessible and relevant to everyday business operations.

Key Takeaways:

  • Understanding core accounting principles and how they impact financial reporting and decision-making.
  • Gaining insight into financial statements, including balance sheets, income statements, and cash flow statements.
  • Examining accounting policies that govern revenue recognition, expense management, and asset classification.
  • Exploring international financial reporting standards (IFRS) and their application in various industries.
  • Assessing financial risks and understanding their implications on business performance.
  • Developing strategic decision-making skills through financial analysis and forecasting.
  • Enhancing financial literacy, improving communication between finance and non-finance professionals.
  • Understanding core accounting principles and how they impact financial reporting and decision-making.
  • Gaining insight into financial statements, including balance sheets, income statements, and cash flow statements.
  • Examining accounting policies that govern revenue recognition, expense management, and asset classification.
  • Exploring international financial reporting standards (IFRS) and their application in various industries.
  • Assessing financial risks and understanding their implications on business performance.
  • Developing strategic decision-making skills through financial analysis and forecasting.
  • Enhancing financial literacy, improving communication between finance and non-finance professionals.

Course Objectives

Upon completion of this Pideya Learning Academy course, participants will be able to:
Develop a strong understanding of accounting policies and their real-world implications.
Accurately interpret financial statements and reports.
Identify and apply international accounting standards in financial reporting.
Understand the financial implications of joint ventures and production-sharing contracts.
Improve the reliability and relevance of financial data for business decision-making.
Strengthen analytical skills in financial risk assessment and management.
Enhance collaboration between finance and non-finance departments by improving financial communication skills.

Personal Benefits

Participants will benefit from:
A solid foundation in financial literacy, boosting career prospects in accounting and finance.
Increased confidence in handling financial data and interpreting financial statements.
Strengthened decision-making skills based on financial analysis.
Improved ability to communicate financial insights with key stakeholders.
A deeper understanding of global accounting standards and compliance requirements.

Organisational Benefits

Who Should Attend

This Pideya Learning Academy course is ideal for professionals who want to build a solid foundation in accounting principles, including:
Finance professionals and accountants looking to strengthen their expertise.
Corporate accountants, financial controllers, and treasury officers involved in financial reporting.
Finance teams working in payables, receivables, fixed assets, and general accounting.
Auditors and regulatory officers seeking a deeper understanding of financial compliance.
Business owners, entrepreneurs, and executives who want to improve their financial decision-making.
Professionals transitioning into finance roles or looking to expand their accounting knowledge.
Anyone seeking career growth in accounting, finance, or business management.
Whether you are new to accounting or looking to enhance your financial knowledge, this course provides essential insights into financial reporting, compliance, and strategic financial management. By the end of the training, participants will be equipped with the practical knowledge needed to contribute effectively to their organizations, ensuring financial transparency and long-term business success.

Course Outline

Module 1: Foundations of Financial Accounting
Regulatory Bodies Governing Financial Accounting Financial Accounting Standards Board (FASB) International Financial Reporting Standards (IFRS) Securities and Exchange Commission (SEC) Generally Accepted Accounting Principles (GAAP) Accounting Framework and Regulatory Environment Impact of Political and Economic Factors on Accounting Standards
Module 2: Fundamentals of Accounting Systems and Policies
Core Objectives of an Accounting System Essential Components of Financial Accounting Systems Key Accounting Assumptions and Their Implications Principles Underpinning Financial Accounting Policy Development for Financial Reporting
Module 3: Recording and Processing Financial Transactions
Financial Transactions and Their Classification Understanding Debit and Credit Mechanisms Double-Entry Bookkeeping and Ledger Maintenance Accounting Equations and Their Applications General Ledger and Subsidiary Ledgers Trial Balance Preparation and Adjustments Closing Entries and Year-End Financial Adjustments
Module 4: Financial Statements and Reporting Standards
Overview of the Accounting Cycle Components of Financial Statements Income Statement Statement of Retained Earnings Balance Sheet Statement of Cash Flows Closing Entries and Financial Period Adjustments
Module 5: Income Statement Preparation and Analysis
Revenue Recognition and Accounting for Sales Understanding Profitability Metrics Practical Uses and Limitations of Income Statements Key Elements of an Income Statement Extraordinary Items and Non-Recurring Events Techniques for Income Analysis and Performance Evaluation
Module 6: Asset Classification and Accounting Treatment
Categorization of Assets in Financial Reporting Fixed Assets: Property, Plant, and Equipment (PPE) Non-Fixed Assets: Cash and Non-Cash Equivalents Inventory and Stock Valuation Methods Methods of Asset Cost Allocation Asset Valuation and Revaluation Techniques Financial Ratios for Asset Analysis
Module 7: Depreciation, Impairment, and Asset Depletion
Concept and Calculation of Depreciation Straight-Line and Accelerated Depreciation Methods Impact of Depreciation on Financial Statements Asset Impairment and Recognition of Losses Depletion Accounting for Natural Resources Comparative Analysis of Asset Amortization Strategies
Module 8: Advanced Financial Statement Analysis
Horizontal and Vertical Analysis of Financial Reports Ratio Analysis for Financial Decision-Making Liquidity, Solvency, and Profitability Ratios Benchmarking Financial Performance Against Industry Standards Identifying Trends and Anomalies in Financial Reports

Have Any Question?

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