Fundamentals of accounting
From a shoebox of receipts to a simple income statement and balance sheet you can explain.
- Duration
- 4 days · 24h
- Format
- Intensive multi-day, one day per week, or weekend
- Language of instruction
- Khmer, with English materials
- Locations
- Siem Reap, Kampong Chhnang, Phnom Penh
Objective
Provide participants with the basic accounting knowledge required to understand and record the financial activities of a small organisation or business.
Main topics
- Purpose of accounting
- Difference between personal finance and business accounting
- Assets and liabilities
- Income and expenses
- Revenue and costs
- Cash versus profit
- Basic bookkeeping
- Recording transactions
- Receipts, invoices and supporting documents
- Accounts receivable
- Accounts payable
- Bank reconciliation
- Cash management
- Introduction to the income statement
- Introduction to the balance sheet
- Understanding profit and loss
- Basic internal financial controls
Practical exercise
Participants record a series of transactions for a fictional small business and prepare a simplified income statement and balance sheet.
What is included
- Trainer-led sessions in person
- Printed workbook and reusable templates
- Individual and group exercises
- Certificate of participation on completion