The International College of Commerce –ICC is offering a three months sandwich financial accounting course “Financial Accounting Essentials” that is designed using professional  information from the chartered institute of management accountants -cima and institute of certified accountants of England and Wales – icaew .

Financial Accounting Essentials: FAE100

COURSE DESCRIPTION:
This course is designed to familiarise the student with some of the basic theories and methods behind modern bookkeeping and accounting. Some of the main subject areas to be considered include: journalisation, general ledger maintenance, financial statements, modified cash basis accounting, cash control procedures and payroll accounting.

PROFILES OF PEOPLE WHO MIGHT TAKE THIS COURSE:

• New Employees in Accounting & Finance
• Accounting assistants
• Finance & accounting personnel
• Book keepers

COURSE OBJECTIVES: Upon completion of this course, the student will be able to:

• Understand basic accounting theory
• Recognise the duties and responsibilities of the accounting function including payable & receivables
• Apply basic concepts and complete procedures such as journalising, financial statement preparation, and ledger maintenance
• Comprehend accrual accounting
• Prepare the appropriate records for accounting for employee's earnings.

COURSE MATERIALS:
Module /Course book (ICC) created from CIMA /ACCA & ICAEW professional accounting information

DURATION:
Duration 3 months (one meeting per week of 5 hours) on a week day evening or weekends.

FEES:
€1495.- (inclusive study materials) per participant

TOPICAL OUTLINE:

A. General Accounting Theory

1. Basic accounting concepts

a. Analysis of Transactions b. The Accounting Equation c. The double-entry mechanism

B. The Accounting Cycle

1. The Chart of Accounting 2. Journalisation 3. General Ledger 4. End-of-Period procedures

a. Adjusting entries     1. Worksheets b. Closing

C. Accounting for Merchandise

1. Accrual vs Cash Basis Accounting 2. The Combined Journal     a. Posting from the Combined Journal 3. End-of-Period Accounting for a Merchandising Firm     a. Adjusting and Closing Entries

D. Cash Control

1. Checking Accounts 2. Petty Cash 3. Banking and bank reconciliations

E. Payroll Accounting

1. Recording earnings and deductions     a. Payroll Records 2. Accounting for payroll taxes

INSTRUCTOR: Drs. Beant Haarsma
START DATE: Three times a year
APPROVED BY: Education board of ICC

The objective of the instructor is to help the student learn some of the concepts of accounting. The purpose of evaluation is to indicate, to some degree, the extent to which the student has learned.

HOMEWORK
Course is intensive & practical with 7 home study hours per week

Note: All courses are limited to a maximum of 8 participants per group, and language of instruction is English.

 CONTACT:
Email- admin@icc-edu.nl
Helpline- 06 504 927 53