Are financial statements and accounting terms leaving you lost in a sea of numbers?

Imagine understanding your business’s financial health without needing to be a trained accountant! “Simplified Bookkeeping & Accounting Basics” is designed specifically for non-accountants, breaking down bookkeeping essentials into easy-to-grasp concepts.

Say goodbye to confusion over debits and credits, and hello to confident financial decision-making. Gain the foundational skills you need to manage finances with ease, read balance sheets, and stay on top of cash flow.

Take control of your business’s financial future—without the jargon or stress!

MasterClass 3.0

Simplified Bookkeeping

& Accounting Basics:

Essential Fundamentals for Non-Accountants

Friday, January 24, 2025

PART 1: 08:00 AM – 12:00 NN PHT

PART 2: 01:00 PM – 05:00 PM PHT

In-Person Live at

ASTORIA PLAZA ORTIGAS

15 Escriva Drive, Ortigas Business District, Pasig City

Live Stream via

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8832-9901 | 8835-9354

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Are you a professional or business owner struggling to make sense of the financial side of your operations? Simplified Bookkeeping & Accounting Basics is the perfect course to demystify accounting essentials for non-accountants. Designed specifically for those without a background in finance, this course covers the core principles of bookkeeping and accounting in an accessible, easy-to-understand format.

In this highly interactive MasterClass, participants will learn the basics of recording financial transactions, managing cash flow, and understanding financial statements, empowering them to make informed decisions and improve financial oversight. This course breaks down intimidating concepts like the accounting equation, debits and credits, and chart of accounts, offering practical examples and step-by-step guidance tailored for non-specialists.

By the end of this MasterClass, participants will confidently manage day-to-day financial tasks, read balance sheets, income statements, and cash flow reports, and understand how these documents reflect the health of their business. Whether you’re an entrepreneur, a manager, or simply interested in building your financial literacy, this course will give you the essential tools and knowledge to handle your organization’s finances effectively and efficiently.

VIEW THE DETAILED OUTLINE HERE

The specific objectives of this unique fun-filled learning experience are as follows:

Equip participants with a strong understanding of basic bookkeeping and accounting principles to manage financial tasks effectively.;
Enable participants to read and interpret balance sheets, income statements, and cash flow statements, providing insights into the financial health of an organization.;
Teach essential techniques for accurately recording and classifying financial transactions, using debits, credits, and the accounting equation.;
Develop skills to analyze financial data, supporting informed business decisions and financial planning.; and
Provide hands-on exercises and real-life scenarios to practice learned skills, ensuring participants can apply their knowledge immediately in their own work.

Key benefits from attending this MasterClass:

In this course, your participants and organization will be able to:

Empowered Financial Confidence: Gain a clear understanding of fundamental accounting principles and how they apply to your business or role. By demystifying bookkeeping, this course allows non-accountants to handle financial tasks confidently, reducing stress and boosting your self-assurance in making financial decisions.

Improved Financial Literacy: Develop the essential skills to read and interpret key financial statements, including balance sheets, income statements, and cash flow reports. This foundational knowledge empowers you to better understand the financial health of your business and spot opportunities or issues early.

Enhanced Decision-Making Ability: With a solid grasp of financial data, you’ll be able to make more informed, data-driven decisions. Whether you’re managing expenses, planning investments, or setting budgets, understanding your finances enables you to strategize effectively for growth and stability.

Increased Efficiency and Accuracy in Bookkeeping: Learn techniques for accurately recording transactions, managing ledgers, and organizing financial data to avoid common bookkeeping errors. Efficient and accurate bookkeeping saves time, helps you stay organized, and reduces the risk of costly mistakes.

Cost Savings through In-House Financial Management: By equipping yourself with essential bookkeeping skills, you can minimize the need for outsourced accounting services for routine financial tasks, saving your business money in the long run and allowing you to reinvest in growth.

Compliance and Audit Preparedness: Learn best practices for keeping well-organized, audit-ready financial records, ensuring compliance with relevant regulations and reducing stress during tax season. This benefit is particularly valuable for small business owners and managers responsible for financial reporting.

Foundation for Future Financial Learning: This course lays a strong foundation in bookkeeping and accounting, giving you the tools and knowledge needed to advance to more complex financial concepts should you wish to deepen your expertise. It’s a stepping stone to higher levels of financial literacy and management.

Module 01: Introduction to Bookkeeping and Accounting

A. Overview of Accounting Fundamentals

Understanding the purpose and importance of bookkeeping and accounting in business.
Differentiating between bookkeeping and accounting roles and responsibilities.

B. The Accounting Cycle

Breaking down the accounting cycle: from transaction recording to financial reporting.
Key stages of the cycle: identifying transactions, journal entries, posting to ledgers, trial balance, and financial statements.

C. Key Accounting Concepts and Principles

Introduction to fundamental accounting principles: accrual basis, consistency, prudence, and materiality.
How these principles apply to everyday bookkeeping and financial decision-making.

Module 02: The Accounting Equation and Financial Statements

A. The Accounting Equation

Understanding Assets = Liabilities + Equity.
Practical applications of the accounting equation in business scenarios.

B. Introduction to Key Financial Statements

Balance Sheet: Structure and purpose, assets, liabilities, and equity breakdown.
Income Statement (Profit & Loss): Revenue, expenses, and profit/loss.
Cash Flow Statement: Cash inflows and outflows, understanding liquidity.

C. How to Read and Interpret Financial Statements

Identifying trends, key ratios, and performance indicators.
Basic ratio analysis for financial insights.

Module 03: Transaction Recording and the Chart of Accounts

A. Basics of Recording Transactions

The importance of accurate transaction recording and how it impacts financial health.
Understanding debits and credits, and how they apply to different accounts.

B. Chart of Accounts

What is a Chart of Accounts (COA), and how to set it up for different types of businesses.
Organizing assets, liabilities, income, and expense accounts for clear financial reporting.

Practice Exercise: Recording Common Business Transactions

Recording sales, purchases, expenses, and payroll transactions.

Module 04: Bookkeeping Techniques and Tools

A. Single-Entry vs. Double-Entry Bookkeeping

Differences and practical applications of each system.
Benefits of using double-entry for better financial tracking.

B. Journals and Ledgers

Overview of various journals (sales, purchases, cash receipts) and their purposes.
Transferring journal entries to ledgers and maintaining organized financial records.

C. Digital Bookkeeping Tools and Software

Introduction to popular accounting software (QuickBooks, Xero, Wave).
Benefits of automation and digital tools for non-accountants.

Module 05: Practical Application and Hands-On Exercises

A. Simulated Transaction Recording

Guided exercises to record transactions in a simulated business environment.
Practicing entries for real-life scenarios like customer invoices, supplier payments, and payroll.

B. Building Basic Financial Statements

Step-by-step creation of an income statement, balance sheet, and cash flow statement.
Understanding the flow of information from recorded transactions to financial statements.

Module 06: Analyzing Financial Health and Making Informed Decisions

A. Basic Financial Analysis Techniques

Key financial ratios for beginners: profit margin, current ratio, debt-to-equity ratio.
How these metrics can be used to evaluate business performance.

B. Decision-Making Based on Financial Data

Using financial statements to identify areas for cost savings, revenue generation, and business investment.
Real-life case studies to highlight decision-making based on financial insights.

Module 07: Practical Strategies for Effective Bookkeeping

A. Managing Cash Flow and Budgeting

Understanding cash flow patterns and setting a basic budget.
Tips for avoiding cash flow issues and ensuring steady financial health.

B. Record-Keeping Best Practices

Best practices for maintaining organized and error-free records.
Ensuring compliance with relevant regulations and preparing for audits.

C. Month-End and Year-End Closing Processes

Overview of end-of-period tasks to ensure accurate financial statements.
Preparing for tax season and annual reporting.

This MasterClass is suitable to a wide range of professionals but will greatly benefit:

Entrepreneurs and Small Business Owners – Those who manage their own finances and want to gain a clearer understanding of bookkeeping and accounting to make more informed business decisions.

Managers and Team Leaders – Professionals who oversee budgets, expenses, and financial resources but lack formal accounting training.

Administrative and Office Staff – Individuals responsible for handling daily financial tasks, such as recording transactions, invoicing, or tracking expenses.

Freelancers and Independent Contractors – Self-employed professionals looking to manage their finances effectively and keep accurate records for tax purposes.

Nonprofit and Community Leaders – Those involved in overseeing finances for nonprofits or community organizations, where budgeting and expense tracking are essential.

Aspiring Finance Professionals – Individuals considering a career in finance or accounting, who want a foundational understanding before advancing to more complex topics.

Whether you’re new to bookkeeping or simply looking to improve your financial literacy, this course provides a strong foundation in essential accounting concepts tailored for non-accountants.

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IN-PERSON LEARNING INVESTMENT INCLUDES:

Enjoy a “Fun-filled” learning experience, with full access link to zoom webinar, soft copy of learning materials, certificate of attendance, AM Snacks, Sumptuous Lunch and PM Snacks!

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