Financial Accounting Training and Certification in Cork, Ireland

This training program equips participants with foundational knowledge of financial accounting principles and practices. It covers key accounting concepts, financial statement preparation, and transaction recording, emphasizing real-world applications in business scenarios. Through interactive sessions, case studies, and practical exercises, participants will gain confidence in managing essential financial accounting tasks.

Introduction to Financial Accounting

Module 1: Accounting Foundations

The purpose and importance of accounting

Key accounting terms and principles

Understanding the accounting cycle

Module 2: Transaction Recording

Double-entry accounting and the ledger system

Recording transactions in journals and ledgers

Understanding debits, credits, and trial balances

Module 3: Financial Statements Basics

Overview of income statements, balance sheets, and cash flow statements

Understanding the components of financial statements

Interpreting the relationship between financial statements

Financial Reporting and Practical Applications

Module 4: Adjusting and Closing Entries

Identifying the need for adjustments

Recording adjusting entries (accruals, deferrals, and depreciation)

Preparing closing entries and post-closing trial balances

Module 5: Preparing Financial Statements

Step-by-step preparation of income statements and balance sheets

Cash flow statement preparation basics

Common errors and how to avoid them in financial reporting

Module 6: Real-World Applications

Applying accounting principles in business scenarios

Analyzing financial statements for insights

Case studies on financial decision-making and problem-solving

Interactive Components

Hands-On Labs: Recording transactions and preparing financial statements.

Case Studies: Exploring real-world examples of accounting practices.

Group Activities: Collaborative exercises in financial statement preparation.

Scenario-Based Exercises: Solving practical accounting challenges.