Cash Accounting Fundamentals Training in Kraków, Poland

This course focuses on the principles of cash accounting, an essential method for managing financial transactions and cash flow. Participants will gain practical knowledge about recording cash-based transactions, reconciling accounts, and preparing cash flow statements, helping them to improve their financial decision-making capabilities.

Fundamentals of Cash Accounting

Module 1: Introduction to Cash Accounting

Definition and scope of cash accounting.

Cash accounting vs. accrual accounting.

Key benefits and limitations.

Module 2: Recording Cash Transactions

Identifying cash inflows and outflows.

Recording receipts and payments in cashbooks.

Hands-On Practice: Preparing sample cash transactions.

Module 3: Cash Reconciliation

Importance of reconciling cash accounts.

Bank reconciliation processes and methods.

Practical Exercise

Advanced Cash Accounting and Analysis

Module 4: Cash Flow Statements

Components of cash flow statements: operating, investing, and financing activities.

Preparing and interpreting cash flow statements.

Hands-On Practice

Module 5: Cash Management Strategies

Techniques for effective cash flow management.

Identifying and resolving cash shortfalls.

Case Study

Module 6: Practical Applications and Tools

Overview of cash accounting software and tools.

Common challenges and best practices in cash accounting.

Group Activity

Interactive Components

Hands-On Labs: Preparing cash transactions and flow statements.

Group Discussions: Challenges in cash management and solutions.

Scenario-Based Exercises: Real-world application of cash accounting practices.

Case Studies: Examining cash flow strategies in business contexts.