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Practical Full Set Accounting: From Source Documents to Financial Statements

A two-day, hands-on workshop that takes you from recording source documents in accounting software to producing and reviewing a full set of financial statements.

An accountant working with a calculator and a notebook at her desk

Illustrative image

Accounting and finance2 days (16 hours)

What you will be able to do

  • Explain the principles of full set accounting and the role of accounting software
  • Identify source documents and enter them accurately in the software
  • Record income, expense, asset, liability and capital transactions
  • Generate the Statement of Profit or Loss and the Statement of Financial Position
  • Apply bank reconciliation, depreciation, provisions and accruals

Who should attend

  • SME owners and startup founders who manage their own accounts
  • Operations and admin managers with bookkeeping duties
  • Accounts assistants and finance executives
  • Owners moving from manual records to accounting software
  • Anyone who wants to understand and verify their financial statements

Course outline

  1. 1

    The nature of full set accounting and the software

    • What a full set of accounts is and why it matters
    • The workflow from source document to financial statement
    • Software orientation and navigation
  2. 2

    Accounting principles and double entry

    • The accounting equation and core elements
    • Debits, credits and default entries
    • Common bookkeeping mistakes and how to avoid them
  3. 3

    Source documents and software application

    • Invoices, debit and credit notes, payment vouchers, receipts, bank statements
    • Filing and indexing for audit readiness
    • Entering documents step by step
  4. 4

    Data entry: profit or loss transactions

    • Sales and sales returns
    • Purchases and purchase returns
    • Rental expenses and payroll entries
  5. 5

    Data entry: financial position transactions

    • Receipts from debtors, fixed asset purchases, deposits
    • Payments to creditors and payroll payments
    • Capital injection, drawings and dividends
  6. 6

    Additional transactions

    • Bank reconciliation
    • Depreciation and provision entries
    • Accrual adjustments
  7. 7

    Generating financial statements

    • The trial balance
    • Statement of Profit or Loss
    • Statement of Financial Position
  8. 8

    Review and finalisation

    • Reviewing both statements for errors and completeness
    • Final adjustments and sign-off
    • Month-end and year-end closing tips

Your trainer

  • Dr Dominic Hu Khie YeenPhD, MSc (UK), BSc (UK), FCCA (UK), C.A.(M), ACTIM, CMT (HK)

    Founder of Dr D & Co and a chartered accountant in public practice, with over 10 years of accounting and taxation experience across audit firms, multinationals and listed companies. Accredited trainer, HRD Corporation.

Upcoming sessions

No public date is listed for this course right now. Message us and we will tell you when the next session opens, or arrange it in-house for your team.

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